Datron - Investment pays off
DATRON has built on a strong start to the year to deliver positive H118 results. While not strictly comparable owing to first group accounts, EBIT all but doubled thanks to sustained buoyancy in its largest business, CNC milling machines (revenue up 14%), and strict cost control (trading margin 9.0% vs 5.6% y-o-y). Despite a tightening of US trade policy, such momentum and management expectations of an export-led rise in order intake in the second half reinforce confidence in newly confirmed guidance for 2018 (revenue up 9% at c €55m and EBIT up 30% at c €5m). Finances remain disciplined (c €7m net cash at June 2018).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.
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.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.