Vacon plc reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of EUR 91.3 million against EUR 84.2 million a year ago. Operating profit was EUR 5.8 million against EUR 6.4 million a year ago. Profit before taxes was EUR 6.0 million against EUR 6.2 million a year ago. Profit for the period was EUR 3.9 million against EUR 4.6 million a year ago. Net profit attributable to equity holders of the parent was EUR 3.8 million against EUR 4.4 million a year ago. Diluted earnings per share were EUR 0.25 against EUR 0.29 a year ago. Net cash flow from operating activities was EUR 16.6 million against EUR 18.3 million a year ago. Investments in tangible and intangible assets were EUR 3.8 million against EUR 3.1 million a year ago. Gross capital expenditure was EUR 4.2 million against EUR 3.1 million a year ago. For the year 2013, the company estimates that its revenues will increase 5% to 15% and that it’s operating profit percentage excluding one-time items will be 10% to 12% in 2013. For the year 2014, the company’s goal is to achieve revenues of EUR 500 million and profitability target is an operating profit of 14%, and for return on equity the target is more than 30%.

Vacon Oyj Presents at Berenberg Bank Energy Efficiency Conference, May-23-2013 . Venue: Park Hyatt Zurich, Beethoven-Strasse 21, 8002 Zurich, Switzerland.

Vacon Oyj, Q1 2013 Earnings Call, Apr 23, 2013