DGAP-News: artec technologies AG announces preliminary financial results for business year 2012 - positive prospects for 2013
(DGAP Corporate News Via Acquire Media NewsEdge) artec technologies AG / Key word(s): Miscellaneous/Miscellaneous
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Diepholz/Bremen, Germany - artec technologies AG (ISIN DE0005209589), a
leading manufacturer of network-based video-surveillance,
broadcast-confirmation and IPTV systems, announced its preliminary, i.e.
not yet finally confirmed, results for the just lapsed business year 2012.
According to those numbers, the company attained sales revenues of about
2,22 mil. Euros, in contrast to 1,75 mil. Euros in the preceding year
(2011). This corresponds to an increase of about 26 %. Compared with the
previous year, the EBITDA of TEUR 74 improved by 238 % to TEUR 250, The
results of normal business operations(EBT) rose above those of 2011 to TEUR
126 and exceeded by approximately 173 % that year's corresponding results.
Final numbers will probably be released by the company at the beginning of
Gratifying start of the new business year 2013
Effective at the beginning of January, 2013, artec technologies AG and a
television broadcaster closed a maintenance agreement valued at an amount
in the lower six-digit range. The agreement will run for the next two years
and be a continuous source of revenue, thus providing artec technologies AG
a positive outset for the upcoming new year. Large-scale projects in both
areas of the company's business activities and which contributed to the
company's total revenues and earnings in the previous year will continue to
have positive effects on the results during this business year as well.
Further, artec technologies AG is presently active in a number of national
and international bidding competitions. The company is striking an
optimistic note that results similar to those in 2012 can likewise be
achieved this year.
Continued expansion of the video security technology business model
In ever-shorter cycles, ongoing rapid technical progress requires constant
adaptation of a company's business models. In the area of video security
technology, artec's Board of Directors anticipates that digital cameras
will continue to replace network recorders in video capture and related
functions. This so-called 'edge recording' certainly provides a number of
advantages. In such cases, videos are recorded directly onto commercially
available SD memory cards contained in the cameras. Particularly in smaller
video surveillance systems, it is expedient to simply view the results of
such captured events as live or recorded videos via the Internet. This can,
for example, be achieved via apps in commonplace tablet or smartphone
systems. For the customer, this has several advantages over conventional
systems. For example, costs can be reduced in the acquisition of hardware
or through lower installation expenses.
In numerous Research and Development (R&D) projects, artec began early on
to adapt to such new developments in the market, for example by developing
new, intelligent software for future utilization in advanced camera
systems. In addition to the standard functions used in video surveillance,
artec has also developed such innovations as counting human traffic,
license plate identification,early-warning fire alarms,data protection and
audio radar. Future software solutions by artec technologies AG, together
with their long-time successful technologies, provide an ideal supplement
to an already comprehensive palette of products, a major factor in
distinguishing artec from its competitors. The expanded business model in
this market segment will excellently prepare the company for future demands
and multiply the range of its potential customer base by several
Investments in distribution, marketing, and public relations
All in all, the Board of Directors has a very positive view of the future
development and marketing potential in both of artec's areas of business.
To continue to flourish in such an innovative growth market, artec will
also implement extensive investments in distribution, marketing, and public
relations, especially during the first and second quarters of the present
Prognosis for further development
Providing that the essential economic parameters, especially in Germany, do
not worsen, the Board of Directors is unanimously optimistic that they will
be able to continue their successful growth in this business year as well.
For that matter, artec technologies AG will definitely strive to attain an
improvement in its basic operating figures during 2013.
About artec technologies AG
artec technologies AG from Diepholz, Germany, develops and produces
innovative software and system solutions for the recording, transmission,
and evaluation of video, audio and metadata in networks and on the
Internet. For more than 10 years, artec's customers have used the product
platforms MULTIEYE(R) for high-definition video surveillance solutions and
XentauriX(R) for broadcast logging. More than 19,000 of these systems have
already been sold around the world. artec provides its customers with a
total-service concept (project planning, installation & activation, service
& support) for both its standard and made-to-order products. For further
information, please go to www.artec.de
This press release contains predictions directed toward the future which
are based on present-day assumptions and prognoses shared by the company's
management at artec technologies AG. Known and unforeseen risks,
uncertainties, and other factors can lead to essential deviations in actual
developments though, especially in the returns, financial situation, and
business performance of our company. The corporation assumes no obligation
to realize these forward-looking assertions or to adapt them to future
events or developments.
Press contact: Thomas Hoffmann
13.02.2013 DGAP's Distribution Services include Regulatory Announcements,
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