This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Hoeft & Wessel AG Reports Further Increase In Order Intake In Third Quarter Of 2012

HANNOVER, Germany, November 1, 2012 /PRNewswire/ --

- Reorientation making progress

The positive trend in terms of orders received by Hoeft & Wessel AG continued in the third quarter of 2012. A total volume of EUR 61.8 million in new orders was registered in the first nine months of 2012 (2011: EUR 54.4 million). As a result, the book-to-bill ratio accounted for by this SME specialising in ticketing, parking and mobile data capture systems came to 1.1.

Orders for stationary ticket vending terminals were placed by the Belgian state-owned railway SNCB, by a Polish partner on behalf of the Upper Silesian industrial region and by national Danish rail. In France, Hoeft & Wessel succeeded in gaining access to the market with an order placed by Aérolis / Les Cars Air France. On the buses of the Keolis subsidiary, on-board ticket vending terminals are being installed with ticket printers. Two cities in the U.S. opted for car park terminals from the British subsidiary Metric. In the retail sector in Germany, the Rossmann and Rewe chains ordered additional mobile data capture terminals. The Company managed to sign up Fressnapf, a specialist pet food chain, as a new customer.

The order portfolio rose substantially in the course of the year until 30/09/2012, to reach EUR 48.9 million (31/12/2011: EUR 43.9 million).

In the first nine months of 2012, the Hoeft & Wessel Group recorded EUR 56.7 million in sales, down by 10 per cent year-on-year on account of the reorientation (2011: EUR 62.8 million).

In the first three quarters of 2012, Hoeft & Wessel supplied state-of-the-art EMV contactless ticketing systems for buses to the FirstGroup in the United Kingdom and to the public transport authority of the city of Durban in South Africa. In Germany, numerous consignments of mobile data capture devices were delivered to retail chains.

The operating result (EBIT), at -EUR 7.7 million, turned out clearly negative in the first nine months of 2012, as expected (2011: - EUR 3.2 million). This includes -EUR 3.0 million in restructuring expenses.

Link to IR section with financial reports:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs