Viscom AG Reports Consolidated Interim Management Statement Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for 2013
Viscom AG reported consolidated interim management statement results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of 10,560,000 compared to 13,741,000 a year ago. EBIT was 762,000 compared to 2,546,000 a year ago. Net profit was 797,000 or 0.09 per share compared to 1,753,000 or 0.20 per share a year ago. Cash flow from operating activities was 403,000 compared to 9,520,000 a year ago.
Although the company had a slow start to 2013, the outlook is optimistic. The company's management continues to stick with its published annual guidance and expects revenue growth of around 10 % year on year for full year 2013. The EBIT-Margin is likely to be between 13 % and 17 %.