Viscom : Interim Report as at 30 June 2022

Interim Report

as at 30 June 2022

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3D AOI

3D AXI

3D MXI

3D Bond

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CONTENT

02

04

07

07

Foreword by the Executive Board

Viscom's shares

Interim Group Management Report

Basic information on the Group

07 Business model of the Group

11 Economic Report

11 Macroeconomic and sector development

13 Summary analysis of the Company's net assets, financial position and results of operations and course of business

1. Results of operations
2. Regional developments
3. Financial position
4. Net assets
5. Key figures on the Group's net assets, financial position and results of operations

18 Report on post-reporting date events

18 Report on opportunities and risks

18 Report on future developments in 2022

18 Economic conditions

20 Other disclosures

21 IFRS interim consolidated financial statements

1. Consolidated statement of comprehensive income
2. Consolidated statement of financial position: assets
3. Consolidated statement of financial position: equity and liabilities
4. Consolidated statement of cash flows
5. Statement of changes in equity

26

27

29

30

31

Selected explanatory notes

Notes to the consolidated statement of comprehensive income

Responsibility statement

Financial calendar 2022

Viscom structure

OPERATING FIGURES

Profit and loss

			6M 2022	6M 2021
	Revenues	K€	44,839	34,069
	EBIT	K€	1,003	507
	Net profit for the period	K€	596	387

Balance sheet and cashflow statement figures

			6M 2022	6M 2021
	Total assets	K€	104,476	84,404
	Equity ratio	%	53.5	63.9
	CF from current business	K€	-556	-2,829
	CF from investment	K€	-2,170	-1,372
	CF from financing	K€	-2,996	-1,583
	End of period capital	K€	-11,712	-1,395

Shares

		6M 2022	6M 2021
Result per share	€	0.07	0.04

Employees

	6M 2022	6M 2021
Employees on 30 June	532	462

VISCOM.

VISION TECHNOLOGY.

				Hanover
				Pari s
San José				Tunis			Shanghai
	Atlanta		Huizhou
Guadalajara		Bangalore
						Singapore

Founded:

1984 by Dr. Martin Heuser and Volker Pape

Number of employees worldwide:

532

World Market Leader:

Viscom is the No. 1 solution provider for automatic optical inspection in the automobile industry.

Headquarters and production:

"Made in Germany":

Hanover, Germany

Subsidiaries:

Viscom France S.A.R.L., Paris, France

Viscom Tunisie S.A.R.L., Tunis, Tunisia

Viscom Inc., Atlanta, Georgia, United States

Viscom Machine Vision Pte Ltd., Singapore

Viscom Machine Vision (Shanghai) Trading Co., Ltd.,

Shanghai, China

VICN Automated Inspection Technology (Huizhou)

Co., Ltd., Huizhou, China

VISCOM MACHINE VISION (INDIA) PRIVATE LIMITED,

Bangalore, India

Viscom Metallgestaltung GmbH, Hanover/

Langenhagen, Germany

01

FOREWORD BY

THE EXECUTIVE BOARD

We are looking back on a positive but also challenging first half of 2022. Business activity remains very brisk and led to our highest incoming orders in the first half of a year since the company was founded, at € 54.7 million. The increase of around 20 % compared to the previous year (€ 45.5 million) reflects the good placement of Viscom's inspection systems and services on the markets. In addition, the higher order backlog of € 38.8 million results in very good capacity utilisation in all areas of the com- pany. However, supply chain shortages still pose a challenge for us, too. Ensuring the supply of parts still requires a high level of organisational and especially staff resources. Missing parts are leading to delays in deliveries of our inspection systems and thus delayed revenue recognition. Nonetheless, we managed - partly due to our strong commitment in procurement and in- house pre-production - to generate revenue of € 44.8 million in the first half of 2022, up 31.6 % on the previous year's level (€ 34.1 million). EBIT doubled year-on-year to € 1.0 million (pre- vious year: € 0.5 million). The EBIT-Margin came to 2.2 % (previ- ous year: 1.5 %).

To minimise the existing supply shortages for the steel frames and lead compartments needed to manufacture inspection sys- tems, we acquired a long-standing supplier for the manufacture of metal frames as at 1 April 2022. After delivering the acquired order backlog, this company will work exclusively for Viscom AG; it operates with the name Viscom Metallgestaltung GmbH.

To take account of the dynamic development of the energy storage products market, Viscom AG spun off its battery cell inspection unit as at 1 July 2022. Exacom GmbH will in future operate as a subsidiary focussing on the development and sale of machines for X-ray inspection of battery cells - for all application areas, regardless of cell format or size. The subsidiary is based in Hanover at the headquarters of the Viscom Group. From here, the Exacom team is working on the expansion and further development of the existing product portfolio. Whether it is electric mobility, energy storage or mobile devices, demand for batteries is growing and therefore so is the need for reliable inspection.

02