Krannich Solar eröffnet Niederlassung in Schweden

Der weltweit tätige Photovoltaik Großhändler Krannich Solar treibt seine weltweite Expansion weiter voran und hat eine Niederlassung in der Nähe von Stockholm eröffnet. Die Kunden in dem skandinavischen Land wurden bisher von der internationalen Vertriebsabteilung in Deutschland betreut. Von dieser wurde ein guter Kundenstamm aufgebaut. Nun wird das Engagement in Schweden vor Ort ausgebaut. Mit der Gründung dieser Niederlassung wird dem dynamisch wachsenden Markt für Aufdachanlagen Rechnung getragen.

Die neue Niederlassung hat Anfang November ihre Tätigkeit aufgenommen und hat auch gleich ihren ersten Auftritt am 27.11.2018 auf der Swedish Solar Expo in Uppsala. Unter dem Motto SOLAR PV DISTRIBUTOR SINCE 1995 werden überzeugende Lösungen für den schwedischen PV-Markt präsentiert. Die Fachbesucher können sich davon auf dem Stand Nr. 24 live überzeugen.

„Der Markt für Photovoltaik für private Haushalte und Gewerbebetriebe hat sich in Schweden in den letzten Jahren so gut entwickelt, dass wir mit einem regionalen Vertriebsteam dem wachsenden Kundenstamm Rechnung tragen und eine Betreuung vor Ort einrichten,“ so Kurt Krannich. „Wir wollen mit unseren Angeboten und Service-Leistungen den existierenden Kundenstamm an Installateuren schnell weiter ausbauen,“ formuliert Jens Ullrich, Chief Revenue Officer bei Krannich Solar das Ziel. „Der Support, den die lokale Vertriebsmannschaft dafür aus dem Headquarter in Deutschland bekommt, unterstützt dabei den Aufbau in allen Bereichen“.

Schweden war 2016 unter Top 10 Länder bei neu installierter PV-Leistung 2016 in Europa. Die Regierung forciert vor allem den Ausbau kleiner Solarenergie-Projekte und hat 2017 einige Regelungen auf den Weg gebracht, die es Privathaushalten sowie Unternehmen erleichtern, PV-Anlagen zur eigenen Energieversorgung zu installieren. Zum einen wurde die Steuer auf Solarenergie im vergangenen Jahr abgeschafft. Zum anderen werden Haushalte, Firmen und öffentliche Einrichtungen mit 30 % der Einkaufs- und Installationskosten gefördert für Investitionen bis zu 1,2 Millionen Schwedischer Kronen (umgerechnet etwa 120.000 Euro). Dementsprechend ist diese Maßnahme für PV-Aufdachanlagen besonders attraktiv.

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Further strong growth at DEUTZ

  • Significant rise in new orders
  • Double-digit increase in revenue and significantly improved EBIT margin
  • DEUTZ focuses efforts on growth in China
  • Implementation of E-DEUTZ strategy continues to gather momentum

DEUTZ AG has today published its consolidated financial results for the first three quarters of 2018. New orders rose from €1,173.8 million to €1,548.7 million, an increase of 31.9 per cent. In the third quarter of 2018, new orders were up by 22.0 per cent to €452.2 million (Q3 2017: €370.8 million).

The unit sales figure for the nine-month period was 156,504 engines, including 8,977 electric motors sold under the Torqeedo brand. This equates to an increase of 32.3 per cent compared with unit sales in the prior-year period (Q1–Q3 2017: 118,279 engines). Revenue advanced from €1,093.2 million to €1,297.3 million, a rise of 18.7 per cent. In the third quarter, revenue was up by a substantial 17.0 per cent to €419.7 million (Q3 2017: €358.7 million).

Operating profit (EBIT before exceptional items) amounted to €45.9 million in the first three quarters of the year (Q1–Q3 2017 €26.7 million). Adjusted for effects on earnings in connection with the DEUTZ Dalian joint venture, it stood at €60.3 million. Operating profit thus improved at a significantly faster rate than revenue, despite the strike at one of the Company’s suppliers. Consequently, the EBIT margin (before exceptional items) improved to 4.6 per cent after adjusting for the temporary drag on earnings resulting from DEUTZ Dalian and to 3.5 per cent before adjustment for this drag on earnings (Q1–Q3 2017: 2.4 per cent). In the third quarter of 2018, the EBIT margin was 3.0 per cent (Q3 2017: 1.4 per cent).

“The strike at a supplier put a great deal of strain on management and staff at our Company,” says the Chairman of the DEUTZ Board of Management, Dr Ing Frank Hiller. “This makes our substantial revenue growth, to which all regions and segments contributed, and our significant increase in operating profit all the more pleasing. We took further important steps that are aimed at securing growth in the future. We have also succeeded in further expanding our licensing business in China and are making good progress with the implementation of our EDEUTZ strategy.”

In the Chinese market, DEUTZ plans to generally reorganise its presence so that it can generate stronger growth and be even more successful there. As previously announced, DEUTZ signed contracts for the sale of the former DEUTZ Dalian joint venture to its former partner FAW in October 2018. The Company is also currently in talks about entering into new alliances with major local partners in the construction equipment and agricultural machinery industries.

Our E-DEUTZ strategy, introduced in 2017, is continuing to gather momentum. Demonstrating fully working operational systems during the ELECTRIP Event Week was the best way to prove our expertise in this field. An interdisciplinary team of Torqeedo and DEUTZ design engineers succeeded in integrating our drive concept into two prototype machines in just six months. This shows that DEUTZ has mastered the technology and is in a position to supply marketable electrification solutions.

For 2018 as a whole, DEUTZ (assuming no further supply shortage) expects revenue to rise sharply to more than €1.6 billion. The EBIT margin (before exceptional items) is forecast to improve to at least 4.5 per cent.

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Sales grow despite difficult market conditions, margin decrease

  • Revenue grows 5.1 percent at constant currency in the first nine months
  • EBIT margin before special items for the same period at 10.7 percent (prior year: 11.4 percent)
  • Performance declines in both Automotive divisions, Industrial division business remains strong
  • Free cash flow before in- and outflows for M&A activities of 127 million euros below prior year (247 million euros)
  • Increased focus on discipline regarding cost and capital

Global automotive and industrial supplier Schaeffler presented its interim report for the first nine months of 2018 today. The Schaeffler Group’s revenue for the reporting period amounted to approximately 10.7 billion euros (prior year: approximately 10.5 billion euros). At constant currency, revenue increased by 5.1 percent during the period, 3.7 percent in the third quarter. As was the case for the first half of 2018, all three divisions and all four regions contributed to the group’s revenue growth at constant currency during the first nine months, with the Greater China region once more reporting the largest revenue constant currency growth rate of 14.3 percent.

The Schaeffler Group generated earnings before financial result and income taxes (EBIT) before special items of 1,150 million euros (prior year: 1,196 million euros) in the first nine months. This represents an EBIT margin before special items of 10.7 percent (prior year: 11.4 percent). EBIT before special items for the third quarter was 355 million euros (prior year: 416 million euros), representing an EBIT margin before special items of 10.1 percent (prior year: 12.1 percent).

Net income attributable to shareholders for the reporting period was 766 million euros, nearly on par with the prior year level (of 791 million euros). Earnings per common non-voting share were 1.16 euros (prior year: 1.19 euros).

Klaus Rosenfeld, CEO of Schaeffler AG, commented on the performance of the business in the first nine months and in the third quarter: “The third quarter has once again demonstrated how important it is for us to be an automotive as well as an industrial supplier. While our Automotive OEM business is affected by the weak market trend in China, our Industrial business continued to do well during the third quarter. This division grew its revenue grew faster than the market and generated an EBIT margin before special items of 12.1 percent.”

Automotive OEM revenue growth less dynamic due to market conditions

The Automotive OEM division generated approximately 6.8 billion euros (prior year: approximately 6.7 billion euros) in revenue during the reporting period. At constant currency, revenue increased by 4.3 percent compared to the prior year, a growth rate 3.5 percentage points above the 0.8 percent average growth in production volumes of passenger cars and light commercial vehicles for the reporting period. Following the encouraging revenue trend in the first six months, the Automotive OEM division reported less dynamic revenue growth of 3.2 percent in the third quarter due to the persistently challenging environment in the automotive sector. In the third quarter, which saw global automobile production decline by 2 percent, outperformance amounted to 5.2 percentage points.

The lower growth rate was mainly attributable to weaker demand in the Europe and Greater China regions. In Europe, this weaker demand was mainly due to production delays resulting from the changeover to the new WLTP emissions standard, while China felt the effect of consumer restraint due to the trade conflict with the U.S. and stricter lending practices. All four of the Automotive OEM division’s business divisions contributed to its revenue growth on a nine months basis, with the E-Mobility business division once more reporting the highest revenue growth rate at constant currency, 13.6 percent. Despite the less dynamic growth of the Automotive OEM division’s revenue in the Greater China region in the third quarter, this region still showed the highest growth rate of 9.5 percent, followed by 5.7 percent in the Americas region, 2.4 percent in Asia/Pacific, and 2.2 percent in Europe.

The division generated 596 million euros (prior year: 712 million euros) in EBIT before special items in the first nine months, bringing the EBIT margin before special items for the same period to 8.8 percent, less than the prior year margin of 10.7 percent. The decrease was primarily attributable to ramp-up costs, project delays in China, increased production costs – due to factors including increased raw materials prices – and the impact of the revenue mix. According to the latest full-year guidance for 2018 issued October 30, 2018, the division aims to achieve constant currency revenue growth of 3.5 to 4.5 percent (previously: 4.5 to 5.5 percent) and an EBIT margin before special items of 8 to 8.5 percent (previously: 8.5 to 9.5 percent).

Automotive Aftermarket revenue drops temporarily in the third quarter

Following a solid first six months overall, the Automotive Aftermarket division reported a drop in revenue for the third quarter compared to the prior year quarter. At constant currency, revenue declined by 3.0 percent. Based on the first nine months of 2018, the division expanded its revenue by 1.3 percent at constant currency, generating 1,401 million euros in revenue (prior year: 1,434 million euros). The decrease in third-quarter revenue was primarily attributable to strong growth in the Europe and Americas regions in the prior year quarter. As was the case for the first six months, the Greater China (39.0 percent) and Asia/Pacific (16.0 percent) regions reported the strongest constant currency revenue growth for the first nine months, followed by Europe (1.9 percent). Revenue in the Americas region on an adjusted basis declined (by 8 percent) due to non-recurring additional requirements of an Original Equipment Services (OES) customer in the prior year period.

The Automotive Aftermarket division’s EBIT before special items for the first nine months amounted to 256 million euros (prior year: 278 million euros). Based on this EBIT, the EBIT margin before special items was 18.3 percent (prior year: 19.4 percent). Reasons for the decline from prior year include temporarily higher costs of selling and logistics activities. Based on the adjusted full-year guidance issued October 30, 2018, the group now expects revenue growth for the Automotive Aftermarket division of 1.5 to 2.5 percent (previously: 3 to 4 percent) at constant currency and an EBIT margin before special items of 17 to 17.5 percent (previously: 16.5 to 17.5 percent) in 2018.

Performance of Industrial business remains encouraging in the third quarter

During the third quarter, the Industrial division significantly increased its revenue to 854 million euros (prior year: 790 million euros), which represents an increase of 9.4 percent at constant currency. This increase brought revenue for the first nine months of 2018 to approximately 2.5 billion euros (prior year: approximately 2.4 billion euros). At constant currency, revenue growth for the reporting period amounted to 9.8 percent and was primarily driven by Industrial Distribution. The double-digit constant currency revenue growth rates generated by the raw materials, power transmission, railway, and offroad sector clusters contributed considerably to the higher revenue as well. Like all of the sectors, all of the regions increased their revenue, as well. The largest growth rate at constant currency was reported by the Greater China region (29.4 percent), ahead of Asia/Pacific (8.7 percent), Americas (8 percent), and Europe (6 percent).

The Industrial division generated 298 million euros (prior year: 206 million euros) in EBIT before special items for the first nine months, representing an EBIT margin before special items of 11.8 percent (prior year: 8.7 percent). The improved margin is attributable to the favorable impact of economies of scale as well as to efficiency gains and cost savings resulting from the program “CORE”. On October 30, 2018, the Schaeffler Group confirmed its full-year guidance for the Industrial division’s constant currency revenue growth for 2018, which it had raised on September 19, 2018, of 8 to 9 percent. The target for the EBIT margin before special items of 10 to 11 percent has now been refined to 10.5 to 11 percent.

Positive free cash flow in the third quarter

At 201 million euros (prior year: 333 million euros), free cash flow before in and outflows for M&A activities for the third quarter was positive. For the first nine months, it amounted to 127 million euros, falling short of the prior year level (247 million euros), primarily due to lower earnings quality and the higher amount of capital tied up in inventories. Capital expenditures (capex) on property, plant and equipment and intangible assets for the first nine months of 857 million euros were slightly below the prior year level (873 million euros), representing a capex ratio of 8 percent of revenue (prior year: 8.3 percent).

Dietmar Heinrich, CFO of Schaeffler AG, said: “We are aiming to maintain a capex ratio of approximately 8 percent as at year-end as well. For this purpose, we will manage our capital expenditures restrictively in the fourth quarter. In combination with the reduction of inventory levels, this will have a favorable effect on free cash flow”.

Net financial debt as at September 30, 2018, increased by 274 million euros to 2,644 million euros, lowering the gearing ratio, i.e. the ratio of net financial debt to shareholders’ equity, to 91 percent (December 31, 2017: 93 percent). As at September 30, 2018, the Schaeffler Group had total assets of approximately 12.3 billion euros (prior year: approximately 11.5 billion euros) and employed a workforce of 92,836 (prior year: 89,359), an increase of approximately 3.9 percent.

Based on the adjusted full-year guidance issued October 30, 2018, the Schaeffler Group now anticipates revenue growth of 4 to 5 percent (previously 5 to 6 percent) at constant currency, an EBIT margin before special items of 9.5 to 10.5 percent (previously 10.5 to 11.5 percent), and free cash flow before cash in- and outflows for M&A activities of approximately 300 million euros (previously approximately 450 million euros).

“The situation of the global automotive industry has deteriorated further over the past seven weeks, particularly in China and also in Europe. Against this backdrop, and although our Industrial business enables us to partially offset this deterioration, it is essential that we manage our business as proactively and carefully as possible and align our resources with the changing market environment. Discipline regarding cost and capital is what counts now”, stated Klaus Rosenfeld.

Forward-looking statements and projections

Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.

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Copper Mountain Mining Announces Q3 2018 Financial Results

Copper Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the “Company” or “Copper Mountain” – http://www.commodity-tv.net/c/search_adv/?v=298551 ) announces third quarter 2018 financial results.  All currency is in Canadian dollars, unless otherwise stated.  All results are reported on a 100% basis.  The Company’s Financial Statements and Management Discussion & Analysis (“MD&A”) are available at  www.CuMtn.com  and  www.sedar.com

Third quarter 2018 highlights:

  • Production at the Copper Mountain Mine was 22.0 million pounds of copper equivalent in the third quarter of 2018, which includes 18.3 million pounds of copper, 7,500 ounces of gold and 64,900 ounces of silver and in line with expectations.
  • Company on track to achieve 2018 annual production guidance of 80 million pounds of copper (+/-5%) with the expectation of a strong fourth quarter.
  • Revenue for the third quarter 2018 was $60.7 million, from the sale of 17.6 million pounds of copper, 6,300 ounces of gold, and 62,500 ounces of silver, net of pricing adjustments.
  • Increased mineral reserves at the Copper Mountain Mine to 210 million tonnes0F[1] grading 0.26% copper, 0.08 grams per tonne gold, and 0.89 grams per tonne silver for 1.2 billion pounds of copper, 504,000 ounces of gold and 6.0 million ounces of silver.
  • Positive feasibility study results for the Eva Copper Project demonstrated an after-NPV of US$256 million at an 8% discount rate and total copper production of 959 million pounds over a 12-year mine life.
  • Robust preliminary economic assessment (PEA) results for New Ingerbelle demonstrated an after-tax Net Present Value (NPV) of US$394 million at an 8% discount rate and total copper production of 768 million pounds over a 12-year mine life.

Gil Clausen, President and CEO of Copper Mountain, remarked “This quarter was an exceptionally busy quarter for Copper Mountain as we delivered on all of the project milestones as promised.  We completed the phase 2 drilling program at New Ingerbelle and subsequently announced an updated mineral resource along with a base case mine development and production PEA which demonstrated strong economics.  We also announced solid feasibility study results for our Eva Copper Project in Australia, which exhibited robust economics and is expected to produce over 120 million pounds of copper annually in the early years of its mine life. “

Mr. Clausen added, “We will continue to focus on ensuring Copper Mountain produces predictably and reliably as it has year to date.  Production in the fourth quarter is forecast to be strong as we get back to mining higher grade ore, reduce stripping and we do not anticipate any of the non-recurring items that impacted the third quarter.”

The Company recognized revenue of $60.7 million in Q3 2018 on the sale of copper concentrates net of treatment charges. Third quarter revenue was impacted by a shipping delay at the Port of Vancouver over the quarter-end which resulted in 1.1 million pounds of copper, 440 ounces of gold, and 4,000 ounces of silver not being recorded in Q3 2018. This revenue will be recognized in Q4 2018.  The decrease in revenue in the third quarter was also the result of lower realized copper prices, lower quantities of metal sold and negative provisional pricing adjustments. Pricing adjustments totaled negative $2.4 million and reflects a weakening of copper prices during the quarter and resulted in downward adjustments for shipments not yet finalized at the period end. This decrease was partly offset by a higher gold grade and recovery during the quarter.  

At the end of Q3 2018, the Company recorded an increase in accounts receivable primarily attributable to a shipping delay at the Port of Vancouver over the quarter-end for which the Company did not receive payment of $19.2 million from the September shipment until October 3, 2018. This cash, if received in the quarter, would have increased the quarter-end cash balance to $60.9 million.

The Company recorded higher Q3 2018 operating costs as a result of increased cost of sales of $70.3 million. The increase is largely due to a $5.3 million inventory adjustment to the low-grade stockpile. This adjustment was necessary to record the low-grade stockpile at net realizable value due to the decline in copper price. Additionally, Q3 2018 operating costs reflect increases mainly associated with timing of planned major mine maintenance, fuel unit costs, and other consumable unit costs as compared to Q3 2017.    

Exploration expenditures for the quarter were $2.9 Mio, which includes both exploration in Australia and British Columbia. 

The Copper Mountain Mine produced 22.0 million pounds of copper equivalent which is comprised of 18.3 million pounds of copper, 7,500 ounces of gold and 64,900 ounces of silver during Q3 2018. Lower copper production in Q3 2018 was as forecast and within expectations of the 2018 production plan.  Gold production was higher quarter-over-quarter and year-over-year on higher gold grades and improved recoveries after installation of a flash flotation circuit in the concentrator.  Copper grades and therefore copper production is expected to improve in the fourth quarter of 2018.

Site cash costs for Q3 2018 were US$1.78 per pound of copper produced, net of precious metal credits, and total cash costs were US$2.25 per pound sold, net of precious metal credits. Site cash costs and total cash costs were higher primarily due to lower copper production and sales as a result of lower head grades in the quarter, as planned, the $5.3 million inventory adjustment to the low-grade stockpile, and the shipping delay at the Port of Vancouver which decreased metal sales by 1.1 million pounds of copper, 440 ounces of gold, and 4,000 ounces of silver.  As production and sales are expected to be higher in the fourth quarter of 2018, site cash costs and total cash costs are expected to decrease.

The Company is on track to meet full year guidance for copper production as year-to-date production has been in-line with the plan and production is expected to be strong in the fourth quarter. The Company maintains 2018 annual production guidance of 80 million pounds of copper (+/ 5%).   

Q3 2018 Financial and Operating Results Conference Call and Webcast

The Company will hold a conference call on Wednesday, October 31, 2018 at 7:30 am (Pacific Standard Time) for management to discuss the Q3 2018 financial and operating results.

Live Dial-in information
Toronto and international: 647-427-7450
North America (toll-free): 1-888-231-8191

To participate in the webcast live via computer visit the Company’s website at www.cumtn.com or https://event.on24.com/wcc/r/1833337/29A6E0EF562FD710672ED8952756F33F

Replay information
Toronto and international: 416-849-0833
Passcode: 9499185
North America (toll-free): 1-855-859-2056
Passcode: 9499185

The conference call replay will be available from 10:30 am (PST) on October 31, 2018 until 20:59 pm PST on November 7, 2018. An archive of the audio webcast will also be available on the company’s website at www.cumtn.com.

About Copper Mountain Mining Corporation

Copper Mountain’s flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces about 100 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. Copper Mountain also has the permitted, development stage Eva Copper Project in Queensland, Australia and an extensive 397,000 hectare highly prospective land package in the Mount Isa area.

Additional information is available on the Company’s web page at www.CuMtn.com.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws.  All statements, other than statements of historical facts, are forward-looking statements.  Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”.  Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements.  Factors that could cause actual results to differ materially from these forward-looking statements include the successful exploration of the Company’s properties in Canada and Australia, the reliability of the historical data referenced in this press relase and risks set out in Copper Mountain’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com.  Although Copper Mountain believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all.  Except where required by applicable law, Copper Mountain disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

[1]Includes low-grade stockpile. 

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Wirecard AG: Preliminary results 9M/ Q3 2018

Within the first nine months and third quarter of fiscal 2018 Wirecard AG continued its positive development of revenue growth and operating profit.

Preliminary Group revenues after nine months 2018 increased at around 42 percent to EUR 1.447 billion (9M/2017: EUR 1.021 billion). In the third quarter 2018 revenues increased by 35 percent to EUR 549.2 million (Q3/2017: EUR 405.9 million).

According to preliminary figures earnings before interest, tax, depreciation and amortisation (EBITDA) improved by 38 percent to EUR 395.5 million (9M/2017:
EUR 286.6 million) in the first nine months of 2018. In the third quarter 2018 EBITDA increased, in comparison with the previous period, by approx. 36 percent to
EUR 150.1 million (Q3/2017: EUR 110.1 million).

The Management Board of Wirecard AG expects a strong business development in the fourth quarter 2018 and confirms its forecast for earnings before interest, tax, depreciation and amortisation (EBITDA) of between EUR 530 million to EUR 560 million.

All results are preliminary. The quarterly statement for the third quarter 2018 will be published on 14 November 2018.

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SFC Energy: PBF Group B.V. receives serial order for fully integrated laser power supply systems

  • Order is for LASY series power supplies by PBF in various configurations for ideally adapted number of channels in laser systems.
  • LASY series builds on PBF’s successful standard and semi-standardized High Power Platform for fast and cost-attractive customization.
  • Order amount in the middle six-digit EUR range. Annual revenue potential following system introduction in 2020: approx. EUR 2 to 3 million.

PBF Group B.V., Dutch subsidiary of SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading provider of hybrid power solutions to the stationary and mobile power generation markets, announces the receipt of a series order from their partner Schulz-Electronic GmbH, Baden-Baden, Germany: An international laser tool producer has ordered fully integrated LASY laser power supply systems for the direct operation of diode pumped fiber lasers used in material processing. The first series order amount is in the middle six-digit EUR range. Following system introduction in 2020, PBF expects annual revenues of EUR 2 to 3 million for the subsequent period.

Laser diodes require very stable, precise, often highly dynamic power supplies. PBF’s powerful power supplies feature an extremely high energy density solution for the highly sensitive laser diode loads. Dynamic load adjustment between grid connection and laser unit ensures optimum efficiency with the dynamic, fast pulsability required in laser systems. The power supplies also significantly increase total system performance and lifetime, enabling new and optimized applications.

The series order is the result of the success of PBF’s prototype power supplies in the customer’s laser systems. PBF developed the LASY laser power supply system on the basis of their successful standard and semi-standardized PBF High Power Standard Platform. The fully integrated plug & play solution combines a high performance PBF power supply with multiple pulsable current drivers, and eliminates the need for external modules the customer had to purchase separately in the past. Load current supply can be configured and scaled on demand, featuring attractive new options plus decisive cost, quality and service advantages.

“Our PBF LASY systems adapt flexibly to the different electric conditions of the producers’ respective laser diodes. In addition, they enable exact and precise dimensioning of the required electrical output power to meet existing circumstances”, says Hans Pol, Managing Director of PBF and President Industrial of SFC Energy. “This unbeatable flexibility, together with the attractive price and performance benefits, open up an increasing number of new applications and customer segments for our high performance power supplies. We see a substantial potential for them in the international laser industry and many other applications requiring ultimate flexibility and cost efficiency.“

Additional information on SFC Energy, PBF, and SFC Group’s portfolio of power electronics and power generation products at www.sfc.com and www.pbfgroup.nl. Additional information on Schulz-Electronic at www.schulz-electronic.de.

About PBF Group

PBF Group B.V., a company of SFC Energy Group, specializes in power supply solutions and special coils. The Company is active worldwide. PBF develops, manufactures, and markets highly reliable standard and semi-standard platform solutions for demanding requirements in laser and semi-conductor manufacturing equipment, analytical applications, and high-tech industrial systems.

About Schulz-Electronic GmbH

Schulz-Electronic GmbH, in Baden-Baden since 1975, is leading provider of professional power supplies in Germany, Austria and Switzerland, offering AC/DC and DC/DC converters, electronic loads, high voltage systems, AC sources, inverters, laser diode drivers and pulse generators. Schulz-Electronic is distribution partner of renowned producers all over the world and authorized German service provider and quasi manufacturer for many products. The Company offers customized energy conversion solutions based on standard, modified and proprietary technologies.

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ISRA VISION receives significant major order for 3D high-end inspection in the food packaging industry

ISRA VISION AG (ISIN: DE 0005488100) – the TecDAX company for industrial image processing (Machine Vision) and one of the world’s leading suppliers of surface inspection solutions for web materials and 3D machine vision applications – has received a strategic big order in the amount of over five million euros from a renowned major European customer operating in the food packaging industry.

ISRA delivers a customized 3D high-end solution for the inspection of multi-layered packaging materials on the basis of existing system components. An ideal surface quality is very important for ensuring a consistently high product quality, especially in the food packaging field.

The use of ISRA’s inspection systems contributes to efficient production: errors are detected at an early stage with a timely inspection in the production process; thereby assuring that only material meeting the quality requirements of the customer continues to be processed in the next manufacturing steps. With the high-resolution 3D process from ISRA, specifically, and also critical elements of the packaging materials can be inspected precisely down to the nano level – even at web speeds of several 100 m/min.

Inspection solutions from ISRA are used worldwide by many customers in the packaging industry. Through the highly complex technology used for the inline quality control of web materials, the company offers innovative monitoring for different process steps and thereby provides manufacturers with extensive quality assurance, improved productivity, and a reduction in resource consumption. ISRA products contribute to the optimization of the production processes of the customers, while ensuring their competitiveness. Due to the relatively low investment costs, the inspection systems redeems within a very short period of time.

The current major order highlights ISRA’s leading technological position in the field of high-end surface inspection and is another step toward reaching the revenue target of more than 200 million euros in the medium term.

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ISRA continuing to expand product range and boosting metal business with product innovations and experienced management

ISRA VISION AG (ISIN: DE 0005488100) – the TecDAX company for industrial image processing (Machine Vision) and one of the world’s leading suppliers of surface inspection solutions for web materials and 3D machine vision applications – is pressing ahead with its strategic activities on the way to new revenue dimensions of more than 200 million euros. With continuous product innovations and a systematic expansion of the Executive Management, the Company is laying the basis for future success.

ISRA offers its customers from the steel industry products for inspection and quality assurance along the entire production chain: The product portfolio of 2D and 3D inspection and measurement technology creates solutions that identify quality defects at an early stage and combines optical technologies with analytical tools in order to optimize line yield in the long term. The product range will be expanded to include further metal areas such as high-quality aluminum sections in the future. In addition, the Company systematically focuses on software solutions and INDUSTRIE 4.0-compatible systems that enable further-reaching use of inspection data. By analyzing this data significant connections can be detected to identify optimization potential for the entire process.  ISRA thereby helps its customers to guarantee their competitive capability by means of time-saving and cost-effective production as well as by minimizing rejects. Dr. Jens Magenheimer used to be in charge of the sales metal business and was heavily involved in expanding the product range for the metal industry: In the future, in his capacity as a new member of the Executive Management, he will push forward the development of customer-focused products, such as expanding new hardware and software solutions for the entire metal production process.

Dr. Jens Magenheimer has many years of management experience in the fields of sales and business development. He also has wide-ranging expertise in steel and aluminum inspection. By appointing him to the Executive Management, ISRA is laying the structural foundation for the continued success of the metal business.

Targeted recruitment will accompany the capacity expansion in all areas of the Company, and is strategically aligned with the next revenue target of more than 200 million euros.

Further information is available at www.isravision.com.

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asknet AG Reports 22% Revenue Increase in the First Half of 2018 and Is on Track for Further Accelerated Growth

  • Consolidated sales revenues increased by 22 percent to 41.41 million euros (1H 2017: 34.08 million euros)
  • Gross profit of 4.34 million euros (1H 2017: 4.31 million euros)
  • Negative earnings before taxes (EBT): -0.24 million euros, but losses reduced by over 50 percent compared to the same period of 2017 (1H 2017: -0.51 million)
  • Guidance 2018: steady growth in revenues and gross profit, EBT remains negative due to additional hiring and technology investments
  • Growth plan 2018-2020: accelerating current growth through additional investments including capital increase scheduled for completion in Q4 2018

asknet AG, an ecommerce services company majority owned by the Swiss-listed international technology and media company The Native SA (www.thenative.ch), achieved a strong increase in consolidated sales revenues of 22 percent to 41.41 million euros in the first six months of 2018. The increase is partly due to the high number of new customers acquired in the eCommerce Solutions Business Unit in the first half of the year. In addition, new shops that had already been set up in the second half of 2017 were further ramped up. asknet AG also gained new customers in the Academics Business Unit, which contributed to the good sales revenues’ development.

Gross profit, the key performance metric for the asknet Group’s business, rose from 4.31 million euros in the prior-year period to 4.34 million euros in the first half of 2018. The gross profit margin in relation to sales revenues declined from 12.6 percent to 10.5 percent. The lower growth rate of the company’s gross profit compared with the strong sales revenue growth is mainly explained with longer income recognition periods in the Academics Business Unit. In addition, some projects were rescheduled to the second half of the year.

Overall, the asknet Group improved earnings before tax (EBT) to -0.24 million euros in the first six months of 2018, after -0.51 million euros in the same period of the previous year. The consolidated net result for the period amounted to -0.47 million euros (previous year: -0.51 million euros).

In the eCommerce Solutions Business Unit, the successful ramp-up of new shops in the reporting period led to a 29 percent increase in revenues, totaling 30.72 million euros (previous year: 23.81 million euros). Gross profit in this business unit also increased significantly by 17 percent to 3.21 million euros. The under-proportional increase is in particular due to the larger number of small and medium-sized customers, which results in a weaker margin on the one hand, but a broader and more stable customer spectrum on the other. In the Academics Business Unit, asknet recorded a 4 percent increase in sales to 10.69 million euros. Gross profit fell from 1.56 million euros to 1.13 million euros. The 27 percent decline is mainly due to completed transactions that were not yet booked to gross profit and project postponements to the second half of the year.

Taking into account the strong results from the first half of the year, the company’s Executive and Supervisory Boards approved on September 26, 2018 the new growth plan for 2018-2020. It aims at providing asknet AG with additional capital to achieve a larger scale of business and sustainable long term profitability. The main focus lies on reinforcing staff in the areas of sales and marketing and developing new technologies and systems allowing for faster onboarding new clients and improving their retention rates. In connection with the new growth strategy, the company also revised its targets for 2018 and onwards. While asknet is continuing to forecast a strong growth in sales revenues and gross profit for the full year 2018, negative earnings before taxes (EBT) in a high six-digit range are accepted in the current year in favour of stronger growth. In parallel to continued high investments, the growth plan aims at further accelerating top-line-growth and exceeding the break-even point in 2019. By 2020, the company intends to at least double its sales revenues and gross profit in comparison to the levels budgeted for the full year 2018, and to achieve strong and sustainable profitability on an EBT basis.

To finance the growth plan, asknet AG’s Executive Board with approval of the Supervisory Board recently decided to execute a capital increase from cash contributions, issuing up to 93,395 new shares at a subscription price of EUR 10.5 per share. Shareholders are granted their statutory subscription rights. An investor, who is currently not a shareholder of asknet AG, will guarantee the capital increase and underwrite the shares that were not subscribed by existing shareholders until the end of the subscription period. The public offer in connection with the capital increase is to be made without a prospectus, but with a securities information sheet, which has been submitted for approval by the Federal Financial Supervisory Authority (BaFin). The approval will presumably be obtained in the course of the day. The subscription offer is expected to be published in the Federal Gazette (Bundesanzeiger) on October 4, 2018, with the capital increase to be fully exercised by the first week of November 2018.

Selected key figures of the Group

January 1 – June 30, 2018

Sales revenues: 41.41 million euros
Gross profits: 4.34 million euros
Gross profit margin (of sales revenues): 10.5%
EBT: -0,24 million euros
Net result for the period: -0,47 million euros
Financial debt: –

January 1 – June 30, 2017

Sales revenues: 34.08 million euros
Gross profits: 4.31 million euros
Gross profit margin (of sales revenues): 12.6%
EBT: -0.51 million euros
Net result for the period: -0.51 million euros
Financial debt: –

The full report on the first six months of 2018 is available on the company’s website at www.asknet.com as of today.

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Vonage übernimmt branchenführenden CCaaS-Cloud-Anbieter NewVoiceMedia

Vonage Holdings Corp. (NYSE: VG) gibt den Abschluss eines Vertrags zur Übernahme von NewVoiceMedia bekannt. Der in Privatbesitz befindliche marktführende CCaaS-Cloud-Anbieter (CCaaS = Contact Center-as-a-Service) wurde im Rahmen einer Bartransaktion im Wert von 350 Millionen Dollar aufgekauft.

Durch die Akquisition können die vielseitigen UCaaS- und CPaaS-Produkte von Vonage mit dem ausschließlich aus Cloud-Kontaktcenter-Lösungen bestehenden Angebot von NewVoiceMedia kombiniert werden. Dies ermöglicht End-to-End-Kommunikation für Unternehmensmitarbeiter und -kunden.

„Wir freuen uns sehr, die Übernahme von NewVoiceMedia bekanntgeben zu können. Sie ist ein wichtiger Schritt zur Realisierung unserer strategischen Vision einer differenzierten, voll programmierbaren Kommunikationslösung, die für effektivere Kundeninteraktionen und bessere Betriebsergebnisse sorgt“, so Vonage-CEO Alan Masarek.

„Diese Akquisition untermauert unsere Wachstumsstrategie und stärkt unsere führende Stellung auf dem Cloud-Kommunikationsmarkt. Sie verbessert außerdem unsere Position bei international präsenten mittelständischen und großen Unternehmen. Obendrein können wir durch die Übernahme wichtige Beziehungen zu CRM-Anbietern im Bereich Integration und Go-to-Market vertiefen, insbesondere zu Salesforce.com.“

NewVoiceMedia bringt Ausbaupotenzial für wachstumsstarken Cloud-Kontaktcenter-Markt

NewVoiceMedia ist weltweit das größte rein auf Cloud-Kontaktcenter spezialisierte Unternehmen in Privatbesitz und einer der anerkannten Marktführer in seinem Bereich. Es gehört zu den „Leadern“ des von IT-Analyst Gartner aufgestellten „CCaaS Magic Quadrant for Western Europe“. Darüber hinaus wurde NewVoiceMedia zum dritten Mal hintereinander in die Liste der Forbes Magazine Cloud 100 aufgenommen – ein alljährlich erscheinendes Ranking der in puncto Einnahmen, Umsatzwachstum, Unternehmenswert und Unternehmenskultur führenden 100 privaten Cloud-Anbieter. 

Über 700 Kunden, die primär aus dem Mittelstands- und Enterprise-Segment stammen, setzen NewVoiceMedia im Bereich Customer Engagement für die verschiedensten Zwecke wie Supportanfragen und Vertriebsanrufe ein. Zu seinen Kunden zählen unter anderem internationale Marken wie Adobe, Siemens, Time Inc., FundingCircle und Rapid7.

„Vonage und NewVoiceMedia haben die gleiche Vision: Wir möchten Cloud-Kommunikationslösungen bereitstellen, die Mitarbeiter vernetzen und für eine persönlichere Kommunikation mit Kunden und Interessenten sorgen“, meint Dennis Fois, CEO von NewVoiceMedia. „Gemeinsam helfen wir den Unternehmen, über eine hochmoderne, globale und programmierbare Cloud-Kommunikationsplattform eine vielfältige Experience zu schaffen.“

NewVoiceMedia wird weiterhin von Dennis Fois geleitet, der im Bereich Technologien und Finanzdienstleistungen über 25 Jahre Erfahrung in internationalem Management, Strategie, Vertrieb und Marketing gesammelt hat. Nach Vertragsabschluss werden die Führungskräfte und ihre mehr als 400 Mitarbeiter – bestehend aus hochqualifizierten Führungskräften und Technikern sowie einer effizienten Vertriebsorganisation – zu Vonage wechseln. Gemeinsam sollen sie ein erweitertes Exzellenzzentrum für Customer Experience aufbauen.

Gesamtzielmarkt von Vonage wächst weiter

Laut Marktforscher IDC wird der für Vonage und NewVoiceMedia adressierbare Gesamtmarkt in den nächsten vier Jahren voraussichtlich um 60 % auf etwa 80 Milliarden Dollar anwachsen. Der Anteil des Kontaktcentermarkts beträgt zum aktuellen Zeitpunkt 9 Milliarden Dollar. Mit NewVoiceMedia, einem der anerkannten Marktführer auf diesem Gebiet, verfügt Vonage über gute Voraussetzungen, um sich einen stattlichen Anteil dieses Markts zu sichern.

„Vonage übernimmt ein Softwareunternehmen mit großem Wachstumspotenzial. NewVoiceMedia bringt nicht nur eine native Cloud-Kontaktcenterlösung mit, die sich in die vorhandenen Vonage-Lösungen integrieren lässt und somit eine erweiterte Software-Suite für die Unternehmenskommunikation schafft. Es beschert Vonage außerdem mehr als 400 weltweit tätige Customer-Experience-Experten“, meint Sheila McGee-Smith, President & Principal Analyst bei McGee-Smith Analytics LLC. „Dank seiner internationalen Reichweite und seiner starken Partnerschaft mit Salesforce.com ist NewVoiceMedia besonders gut aufgestellt, um Implementierungen größeren Umfangs durchzuführen. Darüber hinaus wird das NewVoiceMedia-Team eine nicht unwesentliche Starthilfe zur Ausschöpfung des riesigen CCaaS-Marktpotenzials leisten.“

Transaction Overview

Under the agreement, NewVoiceMedia shareholders will receive equity consideration of $350 million. Vonage is financing the acquisition through a combination of existing revolver capacity, cash on hand and cash on the balance sheet of NewVoiceMedia. Pro forma for the transaction, Net Debt to LTM Adjusted OIBDA will be approximately 3.3x and is expected to be below 3.0x within two quarters.

The enterprise value paid for NewVoiceMedia represents approximately 3.8x projected 2019 revenue. The Company expects to realize annual run rate synergies of approximately $10 million by year-end 2019 and meaningfully higher by year-end 2020, which include revenue synergies from cross-selling and cost synergies from cost of service and G&A savings.

The transaction is expected to close in the fourth quarter of 2018 and is subject to standard regulatory review and customary closing conditions. The Company plans to update financial guidance, taking into account the acquisition, in its third-quarter earnings release.

J.P. Morgan Securities LLC served as sole financial advisor to Vonage and provided a fairness opinion to the Board of Directors. Morrison & Foerster LLP served as legal counsel to Vonage. Jefferies LLC served as sole financial advisor and Weil, Gotshal & Manges LLP served as legal counsel to NewVoiceMedia.

Telefonkonferenz

Eine Audioaufzeichnung des Webcasts der am 20.9.2018 stattgefundenen Telefonkonferenz zur Übernahme steht auf der Vonage-Website Investor Relations zur Verfügung oder kann unter +1 877 344-7529 bzw. +1 412 317-0088, Passcode 10124307, abgerufen werden.

Safe Harbor Statement

This press release contains forward-looking statements, including statements about the benefits of the acquisition and integration of NewVoiceMedia; the combined company’s plans, objectives, expectations and intentions with respect to future operations, products and services; the competitive position and opportunities of the combined company; the impact of the acquisition on the market for the combined company’s products and services; the timing of the completion of the acquisition; and capital expenditures, and other statements that are not historical facts or information constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995.

In addition, other statements in this press release that are not historical facts or information may be forward-looking statements. The forward-looking statements in this release are based on information available at the time the statements are made and/or management’s belief as of that time with respect to future events and involve risks and uncertainties that could cause actual results and outcomes to be materially different. Important factors that could cause such differences include, but are not limited to: the competition we face; the expansion of competition in the cloud communications market; our ability to adapt to rapid changes in the cloud communications market; the nascent state of the cloud communications for business market; our ability to retain customers and attract new customers cost effectively; the risk associated with developing and maintaining effective internal sales teams and effective distribution channels; risks related to the acquisition or integration of businesses we have acquired; security breaches and other compromises of information security; risks associated with sales of our services to medium-sized and enterprise customers; our reliance on third party hardware and software; our dependence on third party facilities, equipment, systems and services; system disruptions or flaws in our technology and systems; our ability to scale our business and grow efficiently; our dependence on third party vendors; the impact of fluctuations in economic conditions, particularly on our small and medium business customers; our ability to comply with data privacy and related regulatory matters; our ability to obtain or maintain relevant intellectual property licenses; failure to protect our trademarks and internally developed software; fraudulent use of our name or services; intellectual property and other litigation that have been and may be brought against us; reliance on third parties for our 911 services; uncertainties relating to regulation of business services; risks associated with legislative, regulatory or judicial actions regarding our business products; risks associated with operating abroad; risks associated with the taxation of our business; risks associated with a material weakness in our internal controls; governmental regulation and taxes in our international operations; liability under anti-corruption laws or from governmental export controls or economic sanctions; our dependence on our customers‘ broadband connections; restrictions in our debt agreements that may limit our operating flexibility; foreign currency exchange risk; our ability to obtain additional financing if required; any reinstatement of holdbacks by our credit card processors; our history of net losses and ability to achieve consistent profitability in the future; our ability to fully realize the benefits of our net operating loss carry-forwards if an ownership change occurs; certain provisions of our charter documents/and other factors that are set forth in the "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2017 and Quarterly Reports on Form 10-Q filed with the SEC. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so except as required by law, and therefore, you should not rely on these forward-looking statements as representing the Company’s views as of any date subsequent to today.

Zu Vonage Investor Relations: https://ir.vonage.com/

 

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