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Datron (DAR)

Business description

Datron makes CNC high-speed milling (HSM) machines and associated tools. 54% of revenue comes from generalist machines used by widely diversified clients. Less volatile revenue sources – “after sales” (14%) and replacement tools (20%) – are growing in importance.

Latest research

AKTUELLE VERÖFFENTLICHUNGEN

Datron

Anhaltender Erfolg

29/06/2018
Datron

Ergebnisse im FJ17: Wachstum setzt sich fort

06/03/2018
Datron

Ein starker Nischenplayer

05/10/2017

Investment summary

Confirmation of a “very successful” start to 2018 is reassuring, given a softening in H217 after marked progress in the preceding half. Albeit from a low base and not strictly comparable, EBIT in Q118 more than trebled, thereby underpinning management guidance of a full-year outturn once again up by a third, after adjusting for 2017 exceptionals. Prospects are also positive for next year as consensus forecasts of a further 10% rise in revenue on a tight cost base drive trading margin to 10%, which management regards as a “realistic target” (9% 2018e and only back to pre-crisis level). Despite investment (8% of 2017 sales) finances are robust.

Last updated on 29/06/2018

Key management

Michael Daniel, CFO
Charlotte Breitwieser, Marketing and Communication

Company address

In den Gänsäckern 5
Mühltal
64367
Germany
+49 (0) 6151 1419-0
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