Investor Relations

News
Strategy
Publications
Vtion Shares
Share buy-back program
Ad hoc-Releases
Company Structure
Financial Key Figures
Financial Calendar
Corporate Governance
Directors Dealings
AGM
Delisting Purchase Offer

Investor Relations News

Vtion Wireless Technology: Unit sales up by 137 % in first nine months of 2009

Frankfurt, 26. October 2009

The Vtion Group, one of the three leading suppliers of wireless data card solutions for mobile computer use in China, has continued its strong growth: For the month of September the Vtion Group sold a total of 231,496 data cards. Compared to September 2008 the unit sales grew by 319 %. The development also represents an increase of nearly 15 per cent compared with the previous month (August 2009). In the first nine months of 2009 Vtion sold 1.1 million wireless data cards, 137 per cent more than in the first nine month of 2008 and 86 per cent more than in the whole of 2008. With more than 43 Euro the average selling price per unit increased by approx. 7 per cent compared to July and August 2009.

"The number of data cards sold in September shows that the momentum is continuing to grow in our business as the network rollouts progress. 3G is gaining further recognition and popularity all around China, which can clearly be seen by our continuous double digit unit growth month over month. We expect this to continue as the network rollouts - particularly with China Unicom and China Mobile - proceed." says Guoping Chen, CEO of Vtion Wireless Technology AG.

The Chinese wireless network industry is currently going through a process of market development from second generation networks to network standards of the third generation - known as 3G standards. The Vtion Group is expecting the completion of the establishment of 3G mobile networks to lead to a further increase in demand for wireless data cards in China.


About Vtion
The Vtion Group is one of the three leading suppliers of wireless data cards and associated services for the mobile use of computers via broadband wireless networks in the People's Republic of China. The Vtion Group concentrates mainly on the development and sale of wireless data cards, including provision of appropriate after-sales services. The Vtion Group also supplies Internet-based data service solutions. The company has about 150 employees. The Vtion Group generated sales of EUR 39.2 million and a net profit of EUR 12.4 million in 2008. The Vtion Wireless Technology AG shares are being traded in the Prime Standard on the Frankfurt Stock Exchange with the ISIN DE000CHEN993.

 

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
or visit the company website at: www.vtion.de

 

Disclaimer

This publication is not an offer of any securities for sale or a solicitation of an offer to purchase any securities. The shares have been sold.

This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares of Vtion Wireless Technology AG (the "Shares") have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Shares in the United States and the Shares will not be registered under the Securities Act.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

 

<< back