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Public disclosure of inside information pursuant to Article 17 MAR

Vtion Wireless Technology AG: Preliminary Revenue and EBIT Results for 2010, Outlook for 2011

  • Preliminary Revenue and EBIT 2010, Outlook 2011

Frankfurt, 31. January 2011

Vtion Wireless Technology AG today announces sales revenue of Euro 101 million and EBIT of Euro 25.9 million for the full year 2010. The company expects revenue of Euro 75 million to Euro 100 million in 2011, with an EBIT margin of between 10-12%.

The company is experiencing strong pricing pressure from the wireless operators in the wireless data card business segment following the latest round of negotiations during Chinese New Year 2011. This is due to changes in the network operators' market development strategy, which features greater product diversity that reduces the share of wireless data card sales. Management expects a transition period as the company develops and allocates resources to new products and services.

Vtion Wireless Technology AG has scheduled the release of its 2010 Annual Report for April 21, 2011.

 

For further information, please contact:

Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
Janina Wismar, tel.: +49 40 60 91 86 50, janina.wismar@kirchhoff.de

 

Disclaimer concerning prognoses
Certain statements in this communication contain formulations or terms referring to the future or future developments, as well as negations of such formulations or terms, or similar terminology. These are described as forward-looking statements. In addition, all information in this communication regarding planned or future results of business segments, financial classification numbers, developments of the financial situation, or other financial or statistical data contains such forward-looking statements. The company cautions prospective investors not to rely on such forward-looking statements as certain prognoses of actual future events and developments. The company is neither responsible nor liable for these forward-looking statements. It is not responsible for updating such information, which only represents the state of affairs on the day of publication.

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