Mobotix sees strong Q2 growth

German supplier of video security systems announces nine percent increase in revenues

German based surveillance camera maker Mobotix announced this week that it saw strong growth during the second quarter of the 2012/13 fiscal year. According to a statement, the company’s sales revenues increased to $27.4 million (€21.3 million).

In addition, earnings before interest and tax margin reached 20 percent or $5.3 million (€4.1 million). Profits totaled $3.4 million (€2.7 million) and earnings per share came to $0.27 (€0.21). With a high export ratio of 79 percent, Mobotix sees opportunities for growth internationally.

Sales revenue in the first half of the current fiscal year grew to $53.2 million (€41.4 million), an increase of three percent, while EBIT totaled $9.5 million (€7.4 million) with an EBIT margin of 17.9 percent. The first half profits after taxes amounted to $6.4 million (€5.0 million), while earnings per share came to $0.49 (€0.38). The export ratio was 76 percent.