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Viasystems Announces Second Quarter 2012 Results

Net sales and operating income in the company’s Assembly segment for the second quarter of 2012 were $56.5 million and $1.6 million, respectively, compared with Assembly segment net sales and operating income of $55.6 million and $2.9 million, respectively, for the second quarter of 2011 and compared with Assembly segment net sales and operating loss of $49.0 million and $(0.8) million, respectively, for the quarter ended March 31, 2012. Compared to the second quarter of 2011, Assembly segment net sales increased in the industrial & instrumentation and automotive end markets, but declined in the telecommunications and the computer and datacommunications end markets. Compared to the immediately preceding three months ended March 31, 2012, increased Assembly segment net sales to customers in the industrial & instrumentation and automotive end markets were partly offset by a decrease in the computer and datacommunications end market.

Pro Forma Information

The pro forma combined net sales of Viasystems and DDi for the quarter ended June 30, 2012 were approximately $341.0 million, including approximately $44.1 million of net sales by DDi Corp. prior to the acquisition. The pro forma combined net sales increased by 1.2% compared to combined net sales in the same quarter a year ago, and increased by 3.0% compared to the immediately preceding quarter ended March 31, 2012. Year-over-year, increased pro forma net sales into automotive, industrial & instrumentation, and computer and datacommunications end markets were nearly offset by decreases in pro forma net sales to customers in the telecommunications, and military and aerospace end markets. Sequentially, pro forma net sales increased into industrial & instrumentation and telecommunications end markets, partially offset by decreased net sales to customers in the automotive, computer and datacommunications, and military and aerospace end markets.

The pro forma combined net sales of printed circuit board products by the company’s Printed Circuit Boards segment and DDi for the quarter ended June 30, 2012 were approximately $284.5 million, including approximately $44.1 million of net sales by DDi Corp. prior to the acquisition on May 31. The pro forma combined net sales of printed circuit board products increased by 1.1% compared to combined net sales of printed circuit board products in the same quarter a year ago, and increased by 0.9% compared to the immediately preceding quarter ended March 31, 2012. Year-over-year, increased pro forma net sales of printed circuit board products into automotive, and computer and datacommunications end markets were nearly offset by decreases in pro forma net sales to customers in the industrial & instrumentation, telecommunications, and military and aerospace end markets. Sequentially, pro forma net sales of printed circuit board products increased into industrial & instrumentation and telecommunications end markets, partially offset by decreased net sales to customers in the automotive, computer and datacommunications, and military and aerospace end markets.

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