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© rob hill dreamstime.com Components | November 09, 2012

SMARTRAC reports on record revenue

SMARTRAC N.V. increased its revenues and reported total sales of EUR 189 million in the first nine months of 2012 as compared with sales of EUR 139 million in the period January to September 2011.
EBITDA for the first nine months of 2012 amounted to EUR 17.4 million in 2012 compared to EBITDA of EUR 14.6 million in 2011. Profit for the period increased from EUR 1.4 million in the first nine months of 2011 to EUR 1.6 million in the first nine months of 2012. The SMARTRAC Group generated revenues of EUR 189 million in the first nine months of 2012, representing an increase of 36 percent from the previous year’s figure of EUR 139 million. In total, Group EBITDA from January to September amounted to EUR 17.4 million in 2012 compared to EUR 14.6 million in 2011. EBITDA for the first nine months of 2012, as per definition, excludes non-recurring items such as costs for restructuring and insurance payments. Profit for the period from January to September increased from EUR 1.4 million in 2011 to EUR 1.6 million in 2012. Business Outlook The SMARTRAC Management expects that the overall positive market trend in the RFID industry will continue over the last quarter of 2012 and that SMARTRAC will add another successful year of growth to its company history. Therefore, SMARTRAC confirms its target to increase Group sales to more than EUR 250 million in 2012.
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