VIA optronics AG Reports Preliminary Unaudited Second Quarter 2022 Revenue
VIA optronics AG (NYSE: VIAO) anticipates a strong Q2 2022 revenue, projecting approximately €48 million, a 10% year-over-year increase, surpassing earlier guidance of €40 million to €45 million. CEO Jürgen Eichner attributed this growth to increased demand for their interactive display solutions, despite challenges from global component shortages. The company is focused on improving profitability and cash flow through internal measures and cost-saving initiatives expected to start in H2 2022. VIA will also participate in the Berenberg and Goldman Sachs Corporate Conference on September 21, 2022.
- Q2 2022 revenue expected to be approximately €48 million, exceeding guidance of €40 million to €45 million.
- 10% year-over-year revenue growth compared to €43.7 million in Q2 2021.
- Strong demand for interactive display solutions amid challenging market conditions.
- Ongoing challenges from global component shortages affecting operations.
Total Q2 2022 revenue expected to increase of approximately
NUREMBERG,
Jürgen Eichner, CEO and founder of
VIA anticipates second quarter 2022 total revenue of approximately
Participation at the
Jürgen Eichner, Chief Executive Officer and Founder, and Dr.
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
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Investor Relations for VIA optronics:
VIAO@alpha-ir.com
Phone: +1 312-445-2870
Media:
Alexandra Müller-Plötz
AMueller-Ploetz@via-optronics.com
Phone: +49-911-597 575-302
Source:
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