Viscom : Interim Report as at 31 March 2023

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Selected notes

Notes to the consolidated statement of comprehensive income

Responsibility statement

Financial calendar 2023

Viscom structure

Founded:

1984 by Dr. Martin Heuser and Volker Pape

Number of employees worldwide:

578

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, USA

Viscom Machine Vision Pte Ltd., Singapore

Viscom Machine Vision Trading Co. Ltd.,

Shanghai, China

VICN Automated Inspection Technology (Huizhou),

Huizhou, China Co., Ltd

VISCOM MACHINE VISION (INDIA) PRIVATE LIMITED,

Bangalore, India

Viscom Metallgestaltung GmbH, Langenhagen/

Hanover, Germany

Exacom GmbH, Hanover, Germany

VISCOM VXS S. DE R.L. DE C.V., Zapopan/

Guadalajara, Mexico

Viscom AG's positive business performance continued in the first quarter of 2023, following on from the very good performance of the previous year. Business activity led to our highest incoming orders in a single quarter since the company was founded, which increased by around 38 % year-on-year to € 35.2 million (previous year: € 25.5 million).

This sharp rise in incoming orders was driven by high demand in Europe, especially from our major customers and our OEM customers in the X-ray tube segment. Our subsidiary Exacom GmbH also received a major order to supply X-ray inspection systems to a customer in the battery cell production sector. This is the successful outcome of our strategy of unlocking special revenue potential in the inspection of energy storage products - i. e. in the inspection of battery cells. The order has a total volume of around € 5 million and will largely affect revenue in this financial year.

At € 23.6 million, revenue in the first quarter of 2023 was around 13 % higher than the previous year's level (€ 20.8 million). Revenue recognition also continued to be hampered by supply chain disruption. In the first quarter of 2023, this affected, among other things, specialized parts for optics and the machine drives. EBIT was held back by the increased mate-

rial and staff costs and was level with the previous year at

• 0.2 million in the first three months of 2023 (previous year:
• 0.2 million).

After 35 years at Viscom, Peter Krippner, Chief Operations Of- ficer, will step back from the operating business at Viscom AG on 31 May 2023 for personal reasons. This was not an easy decision for Mr. Krippner, and he will continue to be associated with Viscom AG in an advisory capacity. With his great dedication and expertise in image processing, Mr. Krippner has played a significant part in Viscom AG's success over the last few de- cades. His competence in the field of electronic assemblies inspection is esteemed within the company and throughout the industry. We warmly thank Mr. Krippner for his work and his untiring commitment to Viscom's needs and wish him continued success both professionally and privately.

From 1 June 2023, the Viscom Executive Board will consist of three members: Dr. Martin Heuser (Technology), Carsten Salewski (Sales) and Dirk Schwingel (Finance). Peter Krippner's responsibilities will be assumed by Dr. Martin Heuser (Develop- ment/Production) and Carsten Salewski (Sales/Operations). In day-to-day operating business, they will be supported by the new Head of Operations, Kai-Uwe Schablack.