VITROX CORPORATION BHD (VITROX)
|
|
- Coral Manning
- 5 years ago
- Views:
Transcription
1 VITROX CORPORATION BHD (VITROX) 1/3/214 Financial Year: Dec-213 Latest Quarter: 31/12/213 Price: 1.32 Stock Category: Fast Grower Board: Main Board FBMKLCI: NO Industry: TECHNOLOGY Sub-Sector: INDUSTRIAL AUTOMATION SYSTEMS Ownership: - Corporate Owned (Local) AND PRODUCTS L. C. Chong is NOT an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell securities. All figures in thousands of Ringgit Malaysia except per share values and ratios Click here to understand definition of some financial terms Prepared by: L. C. Chong Website: L. C. Chong Page 1 of
2 VITROX CORPORATION BHD FY Latest Rolling 4 Quarter Results Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Turnover Net Profit EPS Revenue and Earnings /12/26 31/12/28 31/12/21 31/12/212 Revenue EBIT Net Income Balance Sheet PER SHARE VALUE (CENTS) CROIC Gross Profit Margin FCF/Sales Debt Coverage (FCF) % 1.% ROIC Net Profit Margin Cash Conversion Cycle Debt/Equity 31/12/2631/12/2831/12/2131/12/212 Total Assets Total Liabilities Total Equity Cash Flow /12/2631/12/2831/12/2131/12/212 Valuation DCF 3-Y -Y 1-Y Good 16% Base 12% Bad 8% Ugly 4% EY% Valuation R4Q-EPS FY14-EPS FY1-EPS Buy Under Sell Above Absolute P/E R4Q-EPS FY14-EPS FY1-EPS Fair Value Buy Under Operating Owner Earnings
3 Economic Moats Economic Moats: Cost Advantage Over 6% gross margin for the past 7 years! Switching Costs Not available or no moat found Network Effect - VITROX is the only machine vision system, automated board inspection and electronics communication system manufacturer in Malaysia. - Its products are world-class and ranked among the top five globally in their respective categories. Intangible Assets - To maintain their competitive edge, VITROX is able to develop new models almost every six to 12 months. - Their relentless commitment in research and development helps ViTrox to grow more than 4 times in revenue since 29. To further enhance technology differentiation and stay competitive in the market place, VITROX invested RM14.6 million, representing 16.% of revenue in FY212 for research and development activities. With this investment, they increase their R&D headcount from 19 to 129, primary to support various key R&D activities for MVS-T and PCA business. - In 212, VITROX successfully filed patents and 1 copyright for AOI and AXI products. - In terms of new technology, ViTrox is developing a 3D product under its AOI division, called "phase shift topology", which is capable of performing 3D measurements of critical dimensions of solder paste and components, using patent pending profilometry technology. In a typical AOI system, a camera moves to take various snap-shots of a PCB. The images will then be compared with a golden image which is similar to a blueprint, to ensure quality. However, most companies only have 2D or 2.D systems. A 3D imaging system would be able to reveal more errors on the circuit board. - This new product will further enhance VITROX's leadership in providing superior 2D and 3D inspection capabilities for PCB assemblies. In the mid-term, the product should be able to help ViTrox improve on revenue and profitability as it offers higher value to customers Efficient Scale Not available or no moat found Growth Drivers & Risks/Challenges Growth Drivers
4 - In 213, VITROX successfully expanded our presence to new territories include Japan, Europe, South America and East America, India and Indonesia through our sales team and local channel partners. - The new products namely V1G2, V81, TH1S and TR1S have been well accepted by many new major customers around the world, where 3% of revenue was contributed from new customers acquired in the past 2 years. - High commitment in developing and launching new product: - Examples: 1. High-speed vision systems supporting turret (rotary)-based test handlers, with throughput up to 6KUPH, comprising integrated vision systems capable of inspecting mark, lead and package related defects concurrently. 2. Launch of new high speed Tray inspection handler (TH1S) and Tray to Tape & Reel inspection handler (TR1S). Both new models will come with enhanced inspection features to handle new IC packages, higher throughput and better ease of use functionalities. 3. Enhanced inspection functions (for Tray Handler) include OCR (optical character recognition) capability and also POP (package on package) 3D inspection using advanced optical setup and software algorithms. 4. 3D Phase shift Profilometry AOI system and side marking inspection capability, which is capable of performing 3D measurements of critical dimensions of solder paste and components, using patent pending profilometry technology. In a typical AOI system, a camera moves to take various snap-shots of a PCB. The images will then be compared with a golden image which is similar to a blueprint, to ensure quality. However, most companies only have 2D or 2.D systems. A 3D imaging system would be able to reveal more errors on the circuit board.. Release of enhanced AXI platform with multiple form factors that tailors to the need of emerging market such as automotive, smart phone and tablet. - VITROX strong R&D team who are committed to launch at least three innovative products (one for each business unit) every 6 months continue to strengthen their leading position in semiconductor component inspection, 3D Tray IC inspection, AOI inspection and 3D X-ray inspection. - 7% of ViTrox workforce is involved in Research, Design and Development. Since Y21, ViTrox has expended approx. 1% of their Revenue for R&D. - In 212, VITROX successfully filed patents and 1 copyright for our AOI and AXI products. - ViTrox operates a high IP business and owns several patented technologies, it commands a high Revenue Margin of 3% (7-year average) h l d l f d l f l Risks/Challenges - FOREX, downturn in semiconductor demand and equipment spending, patent infringement, technology imitation. - 7% of ViTrox total Sales is denominated is USD, making the business prone to the gyrations of the FOREX market. - ViTrox operates in a highly competitive market and prone to rapid advances in technology. - Pioneer status which allows ViTrox to enjoy tax exempt incentives will be expiring in Jan 21 and it plans to submit new application next year in order to obtain extension - Concentra%on Risk - Reliance on a single product i.e. MVS with SRM Integration (M) Sdn. Bhd. as their single largest customer, which made up approx. % of its total Revenue. However, ViTrox has recently succeeded in diversifying its product mix from MVS to ABI segment i.e. Advanced X-ray Inspection for Printed Circuit Assemblies (AXI-PCA) products. - ViTrox is prone to rapid advances in technology, hence the persistent need to remain innovative to stay ahead of competition. Coupled with the global financial recession, the downturn in the semiconductor sector is expected to continue the trend, leading to reduced budget on equipment spending. Escalating competition will continue to drive down margins. - Malaysian enterprises will face further margin depression due to the impending rise in costs which include minimum wage policy, electricity tariff hike, reduced subsidies on consumables and energy, GST implementation etc. - Intellectual Property Rights - Operating in a high IP environment, ViTrox may be susceptible to issues related to patent infringement. At the same time, it needs to ring-fence its products from imitation technology. - Seasonality nature of the semiconductor and electronics industries will impact sales.
5 Strategy My View: - Fair value: - Y DCF: (MOS: 11% - 22%) - VITROX is still undervalued. Market Timing: - EY%: Buy below.79, sell above I believe that FY14 will be a growth year for VITROX because of the recovery of global semiconductor industry and improving US, Japan and European markets. - I will accumulate VITROX if it formed a strong support level Portfolio Strategy: Lump Sum + Top Up Averaging Down Method: - Dollar Cost/Value Averaging - Sum of Digits Laddering Portfolio Execution: - Buy and Monitor BUY1;BUY2;BUY3;BUY4;BUY;B Buying Basis: EPS QoQ Growth > 1% Price is below Intrinsic Value (DCF) Price is below Intrinsic Value (EY%) Price is below Intrinsic Value (Absolute PE) Price is below Intrinsic Value (DY%) Stock price breaks out of consolidation/dip on an uptrend. Company owner/directors, and major fund institutions heavily buying SELL6;SELL7;SELL8;SELL9;SELL1;SELL11;SELL12;SELL14 Selling Basis: Quarterly EPS drop for 3 consecutive months. Price has risen too far from its intrinsic value (DCF) Price has risen too far from its intrinsic value (EY%) Price has risen too far from its intrinsic value (Absolute PE) Price has risen too far from its intrinsic value (DY%) Long term trend changed from bullish to bearish Company owner/directors, and major fund institutions heavily selling Fundamental of business turns unattractive or bad (bear cases) The current price is 3% away from my average holding price. Other good reasons stated in MorningStar's article. L. C. Chong Page of
DIGI.COM BHD (DIGI) 07/02/2014. TELECOMS INFRA AND NETWORK Ownership:
DIGI.COM BHD (DIGI) 7/2/214 Financial Year: 213 31-Dec-213 Latest Quarter: 31/12/213 Price: 5. Stock Category: Investment Grade Board: Main Board FBMKLCI: YES Industry: INFRASTRUCTURE PROJ Sub-Sector:
More informationTENAGA NASIONAL BHD (TENAGA)
TENAGA NASIONAL BHD (TENAGA) 26/1/214 Financial Year: 213 31-Aug-213 Latest Quarter: 3/11/213 Price: 11.48 Stock Category: Turnaround Board: Main Board FBMKLCI: YES Industry: TRADING SERVICES Sub-Sector:
More informationCISCO SYSTEMS, INC. Q4 FY 2004 CONFERENCE CALL
CISCO SYSTEMS, INC. Q4 FY 2004 CONFERENCE CALL August 10, 2004 2004, Cisco Systems, Inc. All rights reserved. 1 GAAP Reconciliation and Forward-Looking Statements GAAP RECONCILIATION During this presentation
More informationAXIS Capital Holdings Ltd As of October 2, 2009 """
Competitive Strength wratings Analysis Strength Most Tier Distribution 1.1% W Score 92.5-100 Company Description AXIS Capital Holdings Limited, through its subsidiaries, provides various insurance and
More information(NYSE: ROK) Rating: BUY Price Target: $ Industry: Electrical Components and Equipment. Investment Action & Thesis. Key Investment Highlights
Rating: BUY Price Target: $81.50 Industry: Electrical Components and Equipment Close 9/28/2012 Price $69.55 52 Wk $53.06 - $84.71 Shares Out (mm) 141.1 Mkt. Cap(mm) $9,816.9 Source: Capital IQ Basic Information
More informationPerformance for the Second Quarter ended September 30, 2010
Performance for the Second Quarter ended September 30, 2010 S. Gopalakrishnan Chief Executive Officer and Managing Director S. D. Shibulal Chief Operating Officer and Director Safe Harbour Certain statements
More informationCISCO SYSTEMS, INC. Q4 FY 2005 CONFERENCE CALL
CISCO SYSTEMS, INC. Q4 FY 2005 CONFERENCE CALL August 9, 2005 2005, Cisco Systems, Inc. All rights reserved. 1 GAAP Reconciliation and Forward-Looking Statements GAAP RECONCILIATION During this presentation
More informationTCS Financial Results
TCS Financial Results Quarter I FY 2016-17 July 14, 2016 1 Copyright 2014 Tata Consultancy Services Limited Disclaimer Certain statements in this release concerning our future prospects are forward-looking
More informationNotion VTec Berhad. 52-week price range RM
11 November 2009 4Q FY Sept 2009 Final Results Notion VTec Berhad Very strong 4QFY09 and final results Expect 40% net profit growth in FY10 New customers, products, expansion to drive growth FY10 forecasts
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION SWISS EQUITIES CONFERENCE BAADER HELVEA R. ERNI, CFO BAD RAGAZ 12 JANUARY 2018 Panalpina Biz Model / Strategy Achievements and key figures Operating and financial review Appendix
More informationTCS Financial Results
TCS Financial Results Quarter II FY 2017-18 Oct 12, 2017 1 Copyright 2017 Tata Consultancy Services Limited Disclaimer Certain statements in this release concerning our future prospects are forward-looking
More informationTCS Financial Results
TCS Financial Results Quarter I FY 2017-18 July 13, 2017 1 Copyright 2017 Tata Consultancy Services Limited Disclaimer Certain statements in this release concerning our future prospects are forward-looking
More informationPARKERVISION, INC. Rating: STRONG BUY Target: $27. NASDAQ: PRKR - $7.15 (Intra-Day Price) Semiconductors Integrated Circuits
EGE INSTITUTIONAL RESEARCH REPORT RESEARCH UPDATE MARCH 27, 2008 PARKERVISION, INC. NASDAQ: PRKR - $7.15 (Intra-Day Price) Semiconductors Integrated Circuits PRKR Ranks In The Top-Ten Of The Patent Board
More informationTelecom Vendors Financial Index & Performance Monitor
Telecom Vendors Financial Index & Performance Monitor Q3 2013 Summary In addition to technology, CTOs and CIOs must have independent information about the sustainability of a vendor/company to assess the
More informationTCS Financial Results
TCS Financial Results Quarter III FY 2018-19 January 10, 2019 1 Copyright 2018 Tata Consultancy Services Limited Disclaimer Certain statements in this release concerning our future prospects are forward-looking
More informationPRESS RELEASE. S$201M NET PROFIT ON S$3.24B REVENUE FOR 2005 Fourth Quarter Net Profit Increased 27%
PRESS RELEASE S$201M NET PROFIT ON S$3.24B REVENUE FOR 2005 Fourth Quarter Net Profit Increased 27% SINGAPORE 20 February 2006 Venture Corporation Limited (SGX: Venture), a leading global electronics services
More informationInvestor Presentation
Investor Presentation As of August 2, 2017 Advanced Signal Processing Products Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation contain
More informationTHOMSON REUTERS THIRD QUARTER 2008 NOVEMBER 12, 2008
THOMSON REUTERS THIRD QUARTER 2008 NOVEMBER 12, 2008 Agenda Welcome / Introduction Frank Golden Q3 2008 Headlines Market Environment Looking Ahead Tom Glocer Financial Review Bob Daleo Q & A 2 Special
More informationRockwell Automation Company Overview January 2017
Rockwell Automation Company Overview January 2017 2 Safe Harbor Statement This presentation includes statements related to the expected future results of the company and are therefore forward-looking statements.
More informationInvestor Presentation
Investor Presentation As of February 5, 2018 Advanced Signal Processing Products Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation contain
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION August 2016 THE LANGUAGE OF ELECTRONICS Disclaimer Private Securities Litigation Reform Act of 1995 Safe Harbor and Industry Information Except for historical information, the matters
More informationInfosys Technologies Limited Financial Release September 30, 2010
Infosys Technologies (NASDAQ: INFY) Announces Results for the Quarter ended 2010 Q2 revenues grew by 29.6% year on year; sequentially grew by 10.2% Bangalore, India October 15, 2010 Highlights Consolidated
More informationQ2 FY05 Earnings, April 20, Q2 FY05 Earnings April 20, 2005
Q2 FY05 Earnings April 20, 2005 1 Safe Harbor Before we proceed with our presentation, we would like to point out that the following discussion will contain forward-looking statements from industry consultants,
More informationFY2016. Consolidated Financial Results. Fujitsu Limited. April 28, Copyright 2017 FUJITSU LIMITED
Consolidated Financial Results April 28, 2017 Fujitsu Limited Contents 1. Financial Results for (1) Financial Results / Business Segment Information (2) Cash Flows (3) Assets, Liabilities and Equity (Reference)
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION Ran Bareket, CFO THE LANGUAGE OF ELECTRONICS September 2016 Disclaimer Private Securities Litigation Reform Act of 1995 Safe Harbor and Industry Information Except for historical
More information2014 Full-Year Results Ended March 31, 2015
FY14 Earnings 2014 Full-Year Results Ended March 31, 2015 April 27, 2015 OMRON Corporation Summary FY2014 Sales & profits up 3 years in a row, breaking last year s best performance ever. Main IAB posted
More informationTo access our weekly updates, contact Low. Economic Profit. Moat Barriers. Stock Price & Competitive Strength Trend $12 80 $10
REPORT CONTENTS Price History & W Score Trends Financial & Business Snapshot Revenue & Growth Leading Indicators Earnings & Business Pricing Power Moat Barriers 1-Yr History About this Report ABOUT wratings
More informationFIRST QUARTER RESULTS 2016 INVESTOR PRESENTATION
FIRST QUARTER RESULTS 2016 INVESTOR PRESENTATION THREE MONTH RESULTS 21 APRIL 2016 Highlights and key figures Operating and financial review Outlook and priorities Appendix FIRST QUARTER RESULTS 21 APRIL
More informationA MESSAGE FROM HUBERT JOLY, CHAIRMAN & CEO
A MESSAGE FROM HUBERT JOLY, CHAIRMAN & CEO 4 Dear Fellow Shareholders: In many ways, fiscal 2017 was another positive and exciting milestone for Best Buy. I would like to share and discuss four reasons
More informationLogitech Q1 Fiscal Year 2017 Financial Results Management s Prepared Remarks (July 28, 2016)
Logitech is posting a copy of these prepared remarks, its press release and accompanying slides to its investor website. These prepared remarks will not be read on the call. We refer both to GAAP and to
More informationQ4 PAT at Rs 377 crores, up 37% QoQ Annual revenue up 25% and PAT up 18%
Q4 PAT at Rs 377 crores, up 37% QoQ Annual revenue up 25% and PAT up 18% Press Release - Mumbai, India, May 21, 2013 Tech Mahindra, India s leading software exporter today announced audited consolidated
More informationA C Q U I S I T I O N O F S I L E G O T E C H N O L O G Y I N C.
A C Q U I S I T I O N O F S I L E G O T E C H N O L O G Y I N C. O c t o b e r 5, 2 0 1 7 personal portable connected Forward Looking Statement This presentation contains forward-looking statements that
More informationFirst Quarter Fiscal 2019 Earnings. July 26, 2018
First Quarter Fiscal 2019 Earnings July 26, 2018 Forward Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995
More informationMANPOWER INC. BAIRD 2008 BUSINESS SOLUTIONS CONFERENCE
MANPOWER INC. BAIRD 2008 BUSINESS SOLUTIONS CONFERENCE FEBRUARY 27, 2008 1 2 Forward Looking Statement This presentation includes forward-looking statements which are subject to risks and uncertainties.
More informationTCS Financial Results
TCS Financial Results Quarter IV & Year Ended FY 2017-18 April 19, 2018 1 Copyright 2018 Tata Consultancy Services Limited Disclaimer Certain statements in this release concerning our future prospects
More informationMANPOWER INC. CREDIT SUISSE GLOBAL SERVICES CONFERENCE
MANPOWER INC. CREDIT SUISSE GLOBAL SERVICES CONFERENCE FEBRUARY 25, 2008 1 2 Forward Looking Statement This presentation includes forward-looking statements which are subject to risks and uncertainties.
More informationBaird 2018 Global Industrial Conference. Jim Lico President & CEO
Baird 2018 Global Industrial Conference Jim Lico President & CEO FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Statements in this presentation that are not strictly historical, statements regarding
More informationQuarterly Results. Clariant Reports Strong Cash Flow Despite Continuing Weak Demand
www.clariant.com Clariant International Ltd Rothausstrasse 61 4132 Muttenz 1 Switzerland Second Quarter 2009, Clariant Reports Strong Cash Flow Despite Continuing Weak Demand Sales in Q2 down 21% in local
More informationT.V. Today Network Ltd
T.V. Today Network Ltd [September 2017] Snapshot Price 272 Market Capital Yearly Profits [2017] 1621 crores 100 crores Price to Earnings 16.21 Total Debt [Short + Long Term] Debt Free 52 Week High/Low
More informationOur strategy 18 NOKIA IN 2016
Our strategy 18 Business overview We are rebalancing for growth, putting Nokia at the heart of unprecedented technology demands as innovators of the global nervous system. The vision of the Programmable
More informationRockwell Automation Company Overview August Copyright 2016 Rockwell Automation, Inc. All Rights Reserved.
Rockwell Automation Company Overview August 2016 Rev 5058-CO900E PUBLIC INFORMATION 2 Safe Harbor Statement This presentation includes statements related to the expected future results of the company and
More informationYear End Results Presentation to 30 June 2013
Year End Results Presentation to 30 June 2013 Organisational Structure Performance Update Operational Overview Operational Performance Automotive dealer enquiry growth up 9% on pcp Enquiry volumes on new
More informationCLOUD & SOFTWARE AG
CLOUD & IOT @ SOFTWARE AG THE NEW GROWTH DRIVER COMMERZBANK SECTOR CONFERENCE FRANKFURT, 30 AUGUST 2018 SAFE-HARBOR-STATEMENT This presentation includes forward-looking statements based on the beliefs
More informationConference Call Material
January 30, 2012 Conference Call Material For the Nine Months Ended December 31, 2011 Financial Results of First Nine Months of FY3/2012 - Comparison with first nine months of FY3/2011- Nine months ended
More information2010 ANSYS, Inc. All rights reserved. 1 ANSYS, Inc. Proprietary
Apache Transaction Highlights June 30, 2011 2010 ANSYS, Inc. All rights reserved. 1 ANSYS, Inc. Proprietary Safe Harbor Statement Certain statements contained in this presentation regarding matters that
More informationFinancial Results Meeting: FY Ended March 2013
Financial Results Meeting: FY Ended March 2013 (April 1, 2012 - March 31, 2013) May 10, 2013 Kintetsu World Express, Inc. 0 Contents Summary of Business Results for FY ended March 31, 2013, and Forecast
More informationAgfa-Gevaert. May 2004
Agfa-Gevaert May 2004 Agfa: a leading imaging company 2003 Technical Imaging 40.9% on-destructive Testing 4.9% Industrial Imaging 2.5% HealthCare 33.5% Consumer Imaging 20.6% Graphic Systems 38.5% Latin
More informationResults for Q3 FY14 Ended December 31, 2014 (Financial version)
Results for FY14 Ended December 31, 2014 (Financial version) Net One Systems Co., Ltd. TSE : 7518 Contents 1 Q1-3 FY14 (Apr-Dec 9months) P. 1-7 2 FY14 (Oct-Dec 3months) P. 8-11 3 Outlook of Consolidated
More informationEarnings Release for the Quarter ended September 30, 2013 Results
TAKE Solutions Ltd. Quarter ended September 30, 2013 Earnings Release Earnings Release for the Quarter ended September 30, 2013 Results Chennai, India Monday, November 11, 2013: TAKE Solutions, Ltd. [BSE:
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION Rafi Amit, CEO Moshe Eisenberg, CFO August 2017 Parts of almost all of today s latest devices have been made with the help of Camtek SAFE HARBOR The information presented today contains
More informationAn ability to make proposals for the logistics needs of any type of business model
Annual Report 2012 7 Yusen Logistics Snapshot 1 Integration Progress Business Snapshot Yusen Logistics Co., Ltd. was established in October 2010 from the integration of Yusen Air & Sea Service Co., Ltd.
More informationInvestor Update Q Mar 2015
Passionate Employees Innovative Services Investor Update Q1 2015 Mar 2015 Delighted Customers Hexaware Technologies. All rights reserved. www.hexaware.com Safe harbor statement Certain statements on this
More informationWindstream Windstream Corporation (NYSE: WIN)
Corporation (NYSE: WIN) REPORT CONTENTS Price History & W Score Trends Financial & Business Snapshot Revenue & Growth Leading Indicators Earnings & Business Pricing Power Moat Barriers 1-Yr History About
More informationArcher Daniels Midl'd
REPORT CONTENTS Price History & W Score Trends Financial & Business Snapshot Revenue & Growth Leading Indicators Earnings & Business Pricing Power Moat Barriers 1-Yr History About this Report ABOUT wratings
More informationTo access our weekly updates, contact Low. Economic Profit. Moat Barriers. Stock Price & Competitive Strength Trend
Inc. (NASDAQ: BIIB) REPORT CONTENTS Price History & W Score Trends Financial & Business Snapshot Revenue & Growth Leading Indicators Earnings & Business Pricing Power Moat Barriers 1-Yr History About this
More informationL&T Technology Services Limited Second Quarter - FY 18 Results
L&T Technology Services Limited Second Quarter - FY 18 Results ENGINEERING THE CHANGE INVESTOR RELEASE Bengaluru, India - November 07, 2017 www.lnttechservices.com FINANCIAL HIGHLIGHTS REVENUE IN INR INR
More informationDetails about profit from operating activities and other categories of profit will be provided later in the presentation.
Our financial results for the full 2017 fiscal year are summarized here. Revenue was 1,102.1 billion, up 77.2 billion year on year. Business profit was 74.7 billion, up 8.9 billion. Profit for the period
More informationWilliam Blair Growth Stock Conference. Jim Lico President & CEO
William Blair Growth Stock Conference Jim Lico President & CEO FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Statements in this presentation that are not strictly historical, statements regarding
More informationL&T Technology Services Limited Third Quarter - FY 18 Results
L&T Technology Services Limited Third Quarter - FY 18 Results ENGINEERING THE CHANGE INVESTOR RELEASE Mumbai, India - January 23, 2018 www.lnttechservices.com FINANCIAL HIGHLIGHTS REVENUE IN INR INR Revenue
More information8x8, Inc. (NYSE:EGHT) Fourth Quarter and Full-Year Fiscal 2018 Earnings. May 24, 2018
8x8, Inc. (NYSE:EGHT) Fourth Quarter and Full-Year Fiscal 2018 Earnings May 24, 2018 Forward Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities
More informationFull year 2014 results
Listen-only live audio webcast available from www.gemalto.com/investors Full year 2014 results March 5, 2015 Olivier Piou, CEO Jacques Tierny, CFO Disclaimer This communication does not constitute an offer
More information2009 Full Year Results. September, 2009
2009 Full Year Results September, 2009 Doug Rathbone Managing Director 2009 Full Year results A challenging year Glyphosate profit impact was substantial Credit related pressures in Brazil Non-glyphosate
More informationInventergy Global, Inc. (NASDAQ: INVT), Target Price: $10.30)
Equity Telecom / Telecom Services Update (December 11, 2015) Inventergy Global, Inc. (NASDAQ: INVT), Target Price: $10.30) Based in Campbell, CA, Inventergy (NASDAQ: INVT, Inventergy ) is an intellectual
More informationHexaware s Q1 07 revenue up 50% y-o-y; Record highs in order book addition & client acquisitions
Hexaware s Q1 07 revenue up 50% y-o-y; Record highs in order book addition & client acquisitions Y-o-Y revenue growth of 50.1% to Rs.2643.69 mn (51.5% to $60.11 mn); Y-o-Y Profit after Tax up 35.2% to
More informationKelly Services, Inc. Northcoast Research Investor Meetings. June 21-22, 2017
Kelly Services, Inc. Northcoast Research Investor Meetings June 21-22, 2017 Safe Harbor Statement This release contains statements that are forward looking in nature and, accordingly, are subject to risks
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION Rafi Amit, Chairman & CEO Moshe Eisenberg, CFO January 2017 Parts of almost all of today s latest devices have been made with the help of Camtek SAFE HARBOR The information presented
More informationOerlikon Components Enabling Information Technology
Oerlikon Components Enabling Information Technology Kurt Trippacher, CEO Oerlikon Components & Head of Oerlikon Esec Oerlikon Capital Market Days 28 Zurich, September 25-26, 28 Disclaimer This presentation
More informationLogitech. July 24, 2013
Logitech Q1 Fiscal Year 2014 July 24, 2013 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws, including, without limitation,
More informationDear investors, Agenda Management analysis Selected questions (including anticipated ones) and answers
Dear investors, We announced our financial results for the third quarter of FY2018 on November 7, 2018. This document is a summary of Q&A to our results. Agenda Management analysis Selected questions (including
More informationMulti-Fineline Electronix, Inc. May 2013
Multi-Fineline Electronix, Inc. May 2013 Forward-Looking Language Statement This includes forward-looking statements that involve risks and uncertainties. These forward-looking statements include, but
More informationLetter to Shareholders Q2 FY18
November 2, 2017 Letter to Shareholders Q2 FY18 CIRRUS LOGIC, INC. 800 WEST SIXTH STREET, AUSTIN, TEXAS 78701 November 2, 2017 Dear Shareholders, Cirrus Logic reported outstanding results in the September
More informationTata Chemicals Limited
Tata Chemicals Limited Focused Inorganic Chemicals Leader Established Fertilizers Progressive 1 The Tata Group 2 The Tata Group Comm & info systems 23% Engineering 25% Services 10% Consumer products 7%
More informationDue Diligence Checklist for Business Owners
Due Diligence Checklist for Business Owners I. Financial Information A. Annual and quarterly financial information for the past three years 1. Income statements, balance sheets, cash flows, and footnotes
More informationFY2015 Results Presentation CEO & Managing Director - Julian Ogrin CFO - Leanne Wolski
FY2015 Results Presentation CEO & Managing Director - Julian Ogrin CFO - Leanne Wolski 21 August 2015 Important notice and disclaimer This presentation includes information about the activities of amaysim
More informationULTRA Thermal Precision
Ambient Ambient Temperature Temperature -0.212-0.212-0.203 Ȃ Ȃ &'() 0/27 Ȃ -0.263-0.358-0.014-0.074-0.398-0.053 0.208-0.057-0.322 0.299 0.002-0.016 * -0.020-0.103-2.385 1.093 0.010 1.036 1.816-0.007-2.812-0.128-0.011-0.138
More informationResults Briefing for the Fiscal Year Ended December 31, 2017 (FY 2017)
Explanatory Meeting Results Briefing for the Fiscal Year Ended December 31, (FY ) February 14, 2018 Akira Kiyohara President, JUKI Corporation (This translation may be used for reference purpose only)
More informationOctober 26, 2018 The 2nd Quarter of FY2018 (Ended September 30, 2018) Financial Results Briefing
0 October 26, 2018 The 2nd Quarter of FY2018 (Ended September 30, 2018) Financial Results Briefing Contents of Today's Briefing 1 I. 1H of FY2018 Financial Results [Summary of Financial Results] Overview,
More informationESI Investor and Analyst Conference
ESI Investor and Analyst Conference 03.21.18 2 Safe harbor This presentation contains forward-looking statements. These statements are subject to a number of risks and uncertainties. Risks and uncertainties
More informationPresentation for Deutsche Bank Swiss Equities Conference
Zurich Airport, 19 th May 2010 Monika Ribar, CEO Presentation for Deutsche Bank Swiss Equities Conference 19 th May 2010 2 Panalpina at a glance Comprehensive global network Among top 5 globally in air
More informationTo access our weekly updates, contact Low. Economic Profit. Moat Barriers. Stock Price & Competitive Strength Trend
(NYSE: STZ) REPORT CONTENTS Price History & W Score Trends Financial & Business Snapshot Revenue & Growth Leading Indicators Earnings & Business Pricing Power Moat Barriers 1-Yr History About this Report
More informationInvestor Presentation March 2018
Investor Presentation Forward-Looking Statement This presentation includes forward-looking statements which are subject to known and unknown risks and uncertainties. Actual results might differ materially
More informationOur strategy 14 NOKIA IN 2017
Our strategy 14 Business overview We are rebalancing for growth, putting Nokia at the heart of unprecedented opportunities to create the technology to connect the world. We have identified six global megatrends.
More informationMorgan Stanley Conference. November 15, 2017
Morgan Stanley Conference November 15, 2017 1 Forward Looking Statements Certain statements in this release or presentation, other than purely historical information, including estimates, projections,
More informationInvestor Presentation (Based upon Fourth Quarter 2008 Results) February 19, 2009
Investor Presentation (Based upon Fourth Quarter 2008 Results) February 19, 2009 1 Safe Harbor for Forward-Looking Statements Certain statements in this presentation constitute forward-looking statements
More information2018 Interim Results Corporate Presentation
2018 Interim Results Corporate Presentation 31 August 2018 Disclaimer This presentation and the accompanying slides (the Presentation ) which have been prepared by Best Pacific International Holdings Limited
More informationPreliminary Results Presentation
Preliminary Results Presentation to 31st March 2018 Ian Barkshire Chief Executive Gavin Hill Group Finance Director Oxford Instruments plc Preliminary Results presentation 2018 Agenda 01: Highlights 02:
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION Rafi Amit, CEO Moshe Eisenberg, CFO August 2017 Parts of almost all of today s latest devices have been made with the help of Camtek SAFE HARBOR The information presented today contains
More informationEFI Expands Inkjet TAM Acquires Reggiani and Matan. July 1, 2015
EFI Expands Inkjet TAM Acquires Reggiani and Matan July 1, 2015 Forward-Looking Statements Disclaimer Safe Harbor for Forward Looking Statements Certain statements in this presentation are forward-looking
More informationFor personal use only
Integrated Research Limited (IRI) FY2017 Half Year Financial Results February 2017 ABN: 76 003 588 449 10 of the Top 10 US banks 120+ of the Fortune 500 6 of the Top 10 Automotive Companies 6 of the 10
More informationIntegrated Research Limited (IRI)
Integrated Research Limited (IRI) FY2017 Half Year Financial Results February 2017 ABN: 76 003 588 449 10 of the Top 10 US banks 120+ of the Fortune 500 6 of the Top 10 Automotive Companies 6 of the 10
More informationInterim Report January March 2004
Interim Report January March 2004 Total sales decreased by 42 per cent to SEK 44 million (76). Sales in Business Unit Anoto increased by 88 per cent to SEK 30 million (16). s gross margin for the period
More information2009 ANNUAL MEETING OF STOCKHOLDERS. July 17, 2009
2009 ANNUAL MEETING OF STOCKHOLDERS July 17, 2009 2009 ANNUAL MEETING OF STOCKHOLDERS Robert Williams Director, Investor Relations July 17, 2009 SAFE HARBOR Statements in this presentation that relate
More informationFor personal use only. 25 th October Annual General Meeting Presentation
25 th October Annual General Meeting Presentation Organisational Structure For personal use only Performance Update Operational Overview Operational Performance Automotive dealer enquiry growth up 9% on
More informationKeysight Technologies Third Quarter 2017 Earnings Conference Call Prepared Remarks
Keysight Technologies Third Quarter 2017 Earnings Conference Call Prepared Remarks JASON KARY Thank you, and welcome everyone to Keysight s Third Quarter Earnings Conference Call for Fiscal Year 2017.
More informationIBM REPORTS 2011 SECOND-QUARTER RESULTS
IBM REPORTS 2011 SECOND-QUARTER RESULTS o Diluted EPS: - GAAP: $3.00, up 15 percent; - Operating (non-gaap): $3.09, up 18 percent; o Revenue: $26.7 billion, up 12 percent, up 5 percent adjusting for currency;
More informationAvnet, Inc. Corporate Overview. As of December 6, 2016
Avnet, Inc. Corporate Overview As of December 6, 2016 1 December 6, 2016 From components to cloud and design to disposal, Avnet brings products, services and solutions to customers that build, sell and
More informationFacts & Figures: The Present and Future of ICN. Thomas Ganswindt, Group President Michael Kutschenreuter, Chief Financial Officer
Facts & Figures: The Present and Future of ICN Thomas Ganswindt, Group President Michael Kutschenreuter, Chief Financial Officer Financial Market Days, May 13, 2003 Cleaning house Clean up Rebuild Harvest
More informationInvestor Presentation March 2013
Investor Presentation March 2013 Safe Harbor Statement & Non-GAAP Measures Safe Harbor Statement Our commentary and responses to your questions may contain forward-looking statements, including our outlook
More informationANNUAL GENERAL MEETING, 12 APRIL JARI JAAKKOLA, CHIEF EXECUTIVE OFFICER QPR1V: (Nasdaq Helsinki)
ANNUAL GENERAL MEETING, 12 APRIL 2018 JARI JAAKKOLA, CHIEF EXECUTIVE OFFICER QPR1V: (Nasdaq Helsinki) Q1 2017 2307 Our turnover grew by 13% due to strong growth in software license sales. We continued
More information