Annual Report 2022 published – Another record year, growth and profitability increased significantly
- Preliminary figures confirmed
- High order intake and very good start to current fiscal year
- Continued profitable growth expected despite ongoing uncertainties
Elsoff, 28.04.2023 – Plan Optik AG publishes today its annual report for the year 2022 and confirms the preliminary figures published at the end of March. In a difficult environment, the specialist for structured wafers was once again able to report a record result with consolidated sales up by more than 20% compared to the previous year and an almost doubled operating result.
Group sales increased by 21.1% from EUR 9.47 million in the previous year to EUR 11.47 million. The business of the subsidiary MMT GmbH, which is active in the field of microfluidics, developed particularly dynamically with an increase in sales of 45.5% to EUR 3.98 million (previous year: EUR 2.73 million). The consolidated net profit for the financial year 2022 reached EUR 1.37 million (PY: EUR 0.69 million). The improved profitability is also reflected in EBITDA, which rose to EUR 2.76 million in the reporting period (previous year: EUR 1.76 million). This corresponds to an EBITDA margin in relation to consolidated sales of 24.1% (previous year: 18.6%).
„The reasons for the successful business development are manifold. More importantly, however, they are not the result of a one-off effect, but are of a strategic nature. The increased profitability, for example, is based on improved processes, the optimization of the product portfolio and the expansion of the site in Hungary. Sales growth, in turn, was driven in particular by sustained demand from the microfluidics segment. This is a segment that we have systematically built up over the past few years and from which we expect to see further growth in the coming years,“ says CEO Michael Schilling, commenting on the situation and prospects of the family-run medium-sized company.
Outlook
At EUR 11.7 million (PY: EUR 11.5 million), order intake in the Group for 2022 was at a high level and the start to the 2023 financial year was very pleasing for the Plan Optik Group. The order intake in the first quarter was unusually high and is broadly distributed across the two segments MEMS and microfluidics as well as the different industries. In addition, supply difficulties and material bottlenecks eased noticeably recently.
The strategic focus of development activities in the Plan Optik Group is currently particularly on laser processing, for which a new cooperation with 4Jet microtech (Alsdorf) was recently announced, as well as the area of interposers for 3D packaging (advanced packaging) and the pharmaceutical industry. In the field of microfluidics, Plan Optik has a well-filled product pipeline through its subsidiary Little Things Factory GmbH, some of which is already in the approval phase. The aim is for Little Things Factory GmbH to grow to the current level of MMT GmbH within the next three to four years. And at MMT GmbH, customers are signaling growing demand for the coming years. At the same time, the area of standard wafers for Plan Optik is increasingly establishing itself as a second mainstay, and the targeted relocation of production to our site in Hungary will further improve cost structures.
Taking into account the development to date and the particular challenges, the Executive Board currently expects consolidated net sales to increase year-on-year in the 2023 financial year by at least a few percentage points in the event of unfavorable conditions, and by up to 30% in the best case. The EBITDA margin will depend on the sales volume achieved and the further development of prices. Assuming average business performance in 2023, the EBITDA margin can be expected to be roughly in the range of the previous year (i.e., around 24%); depending on business performance, the deviation for the EBITDA margin from this average can be around 6% up or down. As resilience increases, the forecast range will be fleshed out as far as possible in the course of the year.
The full annual report is available > here. In the conference call on May 2 at 10:30 a.m., the Executive Board will explain the individual figures and the outlook in more detail.
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IR contact
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Stefan Thoma
PLANOPTIK AG
Ueber der Bitz 3
D-56479 Elsoff
Telefon: +49 2664 5068 52
Telefax: +49 2664 5068 91
E-Mail: investor.relations@planoptik.com
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Disclaimer Regarding Forward-Looking Statements
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The documents provided on this website contain statements related to our future business and financial performance and future events or developments involving PLANOPTIK that may constitute forward-looking statements. These statements may be identified by words such as „expect,“ „look forward to,“ „anticipate“ „intend,“ „plan,“ „believe,“ „seek,“ „estimate,“ „will,“ „project“ or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of PLANOPTIK`s management, of which many are beyond PLANOPTIK´s control. These are subject to a number of risks, uncertainties and factors, which are described in our publications – in particular in the ‘Opportunities and Risks’ sections of the Management Report in the Annual Report and the Interim Management Report in the Half-Yearly Report – but are not limited to these. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of PLANOPTIK may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. PLANOPTIK neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
This document is an English language translation of the German document. In case of discrepancies, the German language document is the sole authoritative and universally valid version. For technical reasons, there may be differences between the accounting records appearing in this document and those published pursuant to legal requirements.
The documents provided on this website contain statements related to our future business and financial performance and future events or developments involving PLANOPTIK that may constitute forward-looking statements. These statements may be identified by words such as „expect,“ „look forward to,“ „anticipate“ „intend,“ „plan,“ „believe,“ „seek,“ „estimate,“ „will,“ „project“ or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of PLANOPTIK`s management, of which many are beyond PLANOPTIK´s control. These are subject to a number of risks, uncertainties and factors, which are described in our publications – in particular in the ‘Opportunities and Risks’ sections of the Management Report in the Annual Report and the Interim Management Report in the Half-Yearly Report – but are not limited to these. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of PLANOPTIK may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. PLANOPTIK neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
This document is an English language translation of the German document. In case of discrepancies, the German language document is the sole authoritative and universally valid version. For technical reasons, there may be differences between the accounting records appearing in this document and those published pursuant to legal requirements.