Total Q2 2022 revenue expected to increase of
approximately 10% year-over-year, exceeding prior guidance
VIA optronics AG (NYSE: VIAO) (“VIA”), a leading supplier of
interactive display systems and solutions, today announced
preliminary revenue for the second quarter ended June 30, 2022.
Jürgen Eichner, CEO and founder of VIA optronics AG commented,
“We are pleased to announce another quarter of strong
year-over-year revenue growth, despite challenging market
conditions caused by global component shortages. Furthermore, we
remain encouraged by the strong demand for VIA’s solutions as we
continue to capitalize on the expansion in each of the market
segments that we serve.”
VIA anticipates second quarter 2022 total revenue of
approximately €48 million, exceeding the previously issued guidance
of €40 million to €45 million, an increase of approximately 10%
compared to €43.7 million in the second quarter of 2021. The
Company continues to implement the necessary portfolio adjustments
and internal measures to improve its profitability and cash flow,
with various cost savings and performance improvement projects
expected to take effect during the second half of the year.
Participation at the Berenberg and Goldman Sachs Eleventh
German Corporate Conference Jürgen Eichner, Chief Executive
Officer and Founder, and Dr. Markus Peters, Chief Financial
Officer, will participate at Berenberg and Goldman Sachs Eleventh
German Corporate Conference on Wednesday, September 21, 2022 and
will host one-on-one meetings with investors.
About VIA: VIA is a leading provider of interactive
display solutions for multiple end markets in which superior
functionality or durability is a critical differentiating factor.
Its customizable technology is well-suited for high-end markets
with unique specifications and demanding environments that pose
technical and optical challenges for displays, such as bright
ambient light, vibration and shock, extreme temperatures, and
condensation. VIA’s interactive display systems combine system
design, interactive displays, software functionality, cameras, and
other hardware components. VIA’s intellectual property portfolio,
process know-how, optical bonding, metal mesh touch sensor and
camera module technologies provide enhanced display solutions built
to meet the specific needs of its customers.
Non-IFRS Financial Measures Our management and
supervisory boards utilize both IFRS and non-IFRS measures in a
number of ways, including to facilitate the determination of our
allocation of resources, to measure our performance against
budgeted and forecasted financial plans and to establish and
measure a portion of management's compensation.
The non-IFRS measures used by our management and supervisory
boards include:
EBITDA, which we define as net profit (loss) calculated in
accordance with IFRS before financial result, taxes, depreciation
and amortization; for purposes of our EBITDA calculation, we define
"financial result" to include financial result as calculated in
accordance with IFRS and foreign exchange gains (losses) on
intercompany indebtedness.
We have not provided a reconciliation of our non-IFRS financial
measures to their most directly comparable IFRS measures in this
press release because we have not yet finalized the specific items
required to reconcile our non-IFRS financial measures to their most
directly comparable IFRS financial measures. Accordingly, a
reconciliation of the non-IFRS financial measures to the
corresponding IFRS measures is not available without unreasonable
effort.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
“forward-looking statements.” These statements include, but are not
limited to, statements relating to the expected trading
commencement and closing dates. The words, without limitation,
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “potential,” “predict,” “project,”
“should,” “target,” “will,” “would” and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these or similar identifying
words. Forward-looking statements are based largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy, short-term and long-term business
operations and objectives, and financial needs. These
forward-looking statements involve known and unknown risks,
uncertainties, changes in circumstances that are difficult to
predict and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statement, including, without
limitation, the risks described under Item 3. “Key Information—D.
Risk Factors,” in our Annual Report on Form 20-F as filed with the
US Securities and Exchange Commission. Moreover, new risks emerge
from time to time. It is not possible for our management to predict
all risks, nor can we assess the impact of all factors on our
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements we may make. In light
of these risks, uncertainties and assumptions, the forward-looking
events and circumstances discussed in this release may not occur
and actual results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. We
caution you therefore against relying on these forward-looking
statements, and we qualify all of our forward-looking statements by
these cautionary statements. Any forward-looking statements
contained in this press release are based on the current
expectations of VIA’s management team and speak only as of the date
hereof, and VIA specifically disclaims any obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220920006160/en/
Investor Relations for VIA optronics: Lisa Fortuna Sam
Cohen Alpha IR Group VIAO@alpha-ir.com Phone: +1 312-445-2870
Media: Alexandra Müller-Pl�tz
AMueller-Ploetz@via-optronics.com Phone: +49-911-597 575-302
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