Report

Datron - Fighting its corner

DATRON has accompanied news of 23% lower EBIT in H119 with a full-year profit warning. While the former was not unexpected, given a bumper comparative, previous guidance that profit would be H2-oriented may no longer be the case owing to worsening conditions (estimated industry order intake down 17% for 2019) and order delays in DATRON’s key domestic and US markets. Management now expects 2019 revenue of c €55m vs its May 2019 guidance of €60m and EBIT between €4m and €5m (originally €6m). It remains confident that, as in H119, investment-led growth, supported by strong finances, will continue to drive clear market outperformance, especially by its premier CNC milling machines.
Underlying
Datron AG

Datron AG is a Germany-based Company, which provides solutions for manufacturing and automation. The Company develops, produces and sells computer numerical control (CNC) milling machines, as well as dispensing machines in lightweight constructions for adhesives and sealants. The Company's core products include: milling machines for aluminum, plastics, Glass-Reinforced Plastic (GRP) and Corrosion Resistant Products (CRP) materials in High-Speed-Cutting (HSC); engraving machines for engraving different metals; dental machines for the manufacture of dentures in Computer-Aided Manufacturing (CAM); dispensing systems for sealing and bonding with all major adhesives and sealants, as well as milling tools such as solid carbides, end mills and engraving tools. Furthermore, the Company offers after sales service, spare parts, trainings and consulting.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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