MOBOTIX announces financial results for 2014/15 financial year

MOBOTIX announces financial results for 2014/15 financial year
MOBOTIX AG, a supplier of high-resolution, network-based video security systems, has announced its financial results for the 2014/15 financial year (October 1, 2014 to September 30, 2015).

Almost 122,000 cameras were sold in the 2014/15 financial year, representing year-on-year growth of 12 percent and a record in the history of the company. Following a year-on-year decline in revenue of 9 percent in the first quarter and 2 percent in the second quarter, the third and fourth quarters of the year saw increases of 6 percent and 16 percent respectively. For the second half of the year, the company thus achieved double-digit year-on-year revenue growth once again with a figure of 11 percent. Revenue for the year as a whole increased by 2 percent from US$83.8 million to $85.9 million.

Total operating output climbed by almost 19 percent, from $75.3 million in 2013/14 to $89.5 million in 2014/15. Earnings before interest, tax, depreciation and amortization (EBITDA) amounted to $9.5 million, an increase of 70 percent on the previous year (prior year: $5.6 million). Profit for the year, at $4.4 million, increased nearly fourfold on the previous year (prior year: $1.2 million). The equity ratio was 65.5 percent as of September 30, 2015.

Based on the company's net assets, financial position and results of operations, the Supervisory Board and Management Board are proposing a dividend distribution of $0.5 (prior year: $0.3) per share to the Annual General Meeting.

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