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DGAP-News: Vtion Wireless Technology AG: Revenues and EBIT in line with the Guidance 2013(DGAP Corporate News Via Acquire Media NewsEdge) DGAP-News: Vtion Wireless Technology AG / Key word(s): Preliminary Results Vtion Wireless Technology AG: Revenues and EBIT in line with the Guidance 2013 14.02.2014 / 09:58 --------------------------------------------------------------------- Preliminary Results 2013 Vtion Wireless Technology: Revenues and EBIT in line with the Guidance 2013 - Revenues of 59.95 million Euros at the bottom edge of guidance range between 60 and 70 million Euros - EBIT margin of 8.39% in line with guided margin between 8% and 10% - Guidance 2014 includes results slightly above the level of previous year Frankfurt, February 14, 2014. Vtion Wireless Technology AG, one of the leading suppliers of wireless data solutions for mobile computing in China, announces its preliminary results for the fiscal year 2013. The company achieved revenues of 59.95 million Euros, hitting the bottom edge of guidance that called for revenues between 60 and 70 million Euros. The EBIT margin of 8.39% is consistent with the forecasted range 8% to 10%. Vtion's financial results basically relied on its wireless data terminal business in the year 2013. Though the company has seen steady pressure on its average selling prices in this segment, the lean cost structure allows the enterprise to remain profitable in this business. Meanwhile, Vtion seeks to counteract pricing pressure in the consumer data card segment by moving into specialized data terminals and modules. An adapted version of a Vtion data card designed for laptops is being developed that allows tax authorities to connect wirelessly with stores so they can transmit their revenue information. Vtion Anzhuo continues to operate its own online store 'Vmarket' and also provides platform construction, operation and promotion services for smart devices brands and Internet TV operators. Currently, a total amount of 35,268 applications via 'Vmarket' and partner sales platforms are offered. However, the monetization for mobile applications is very difficult with an open system like the Android platform. Hence there is little income contribution from this segment. With the release of the license (TD-LTE) for the fourth generation mobile technology (4G) by the Chinese Ministry of Industry and Information Technology, the major operators in China are preparing for the construction of the 4G network actively. Vtion will enlarge its product offerings created for the 4G technology, and will also seek opportunities to expand and adapt its business model over the course of the year. For 2014 Vtion expects results slightly above the level of the previous year with revenues of at least 60 million Euros and a consistent EBIT. The final results will be published with the annual report 2013 on April 29, 2014. The Management Board will hold a conference call in the morning of that day to discuss the results and field questions concerning the company. Furthermore we plan the following dates for financial publications and investor relations activities during the year: April 29, 2014: Annual report 2013 May 28, 2014: 3-months report 2014 June 25, 2014: Annual General Meeting 2014 August 21, 2014: Half-year report 2014 November 27, 2014: 9-months report 2014 November 24 - 26, 2014: German Equity Forum 2014 / Analyst Meeting About Vtion The Vtion Group is a leading supplier of wireless computing solutions and products for mobile Internet access via broadband wireless networks in the People's Republic of China. The company offers tablet PC products and support services through its mobile intelligent terminals business segment, including both to the consumer market and industry-specific clients. Through its wholly owned subsidiary, Vtion Anzhuo, the company offers online applications for the Android operating system. For 2012, the company reached sales revenues of 75,6 million Euros with an EBIT margin of nine per cent. Vtion Wireless Technology AG shares are being traded in the Prime Standard on the Frankfurt Stock Exchange with the ISIN DE000CHEN993. The company's ticker symbol is V33. For further information, please contact: Kirchhoff Consult AG Dr. Kay Baden, phone: +49 40 60 91 86 0, mail: [email protected] or visit the company website: www.vtion.de Disclaimer concerning prognoses This communication contains forward-looking statements. Forward-looking statements are statements that are not historical facts instead they reflect Vtion's current views and expectations and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialise or if the assumptions underlying any of Vtion's forward-looking statements are proving to be incorrect, Vtion's actual results may be materially different from those expressed or implied by such forward-looking statements. Vtion does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. End of Corporate News --------------------------------------------------------------------- 14.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Vtion Wireless Technology AG Westhafenplatz 1 (Westfalen Tower) 60327 Frankfurt Germany Phone: +49 69 710 456 245 Fax: +49 69 710 456 248 E-mail: [email protected],[email protected] Internet: www.vtion.de ISIN: DE000CHEN993 WKN: CHEN99 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 252670 14.02.2014 |