Brief: Mobotix Targets Revenue Of At Least EUR 90 Mln By FY 2023/24

Mobotix AG

07/03/2022 15:10

March 7 (Reuters) - MOBOTIX AG  MBQGn.DE :
    * ANNOUNCES NEW MID-TERM PLAN FOCUSING ON GLOBAL EXPANSION
AND AI
SOLUTIONS
    * EXECUTIVE BOARD OF MOBOTIX HAS PRESENTED AN UPDATED
MID-TERM
STRATEGY WITH A CORPORATE PLAN FOR THE NEXT THREE YEARS
FOLLOWING THE PANDEMIC AND THE NEW MARKET CONDITIONS
    * PLAN IS BASED ON A DETAILED ANALYSIS AND OUTLINES A
REVENUE
TARGET OF AT LEAST EUR 90 MILLION BY FISCAL YEAR 2023/24 AND AN
EBIT MARGIN OF AROUND 9%, CORRESPONDING TO AN AVERAGE ANNUAL
REVENUE GROWTH RATE OF 11%
    * KEY POINTS OF THE 3-YEAR PLAN WILL BE PRESENTED AT THE
SPRING
CONFERENCE OF THE EQUITY FORUM IN FRANKFURT IN MAY 2022, BUT
SHOULD ALREADY BE PRESENTED TO THE MAIN SHAREHOLDERS IN MARCH
    * GROWTH DRIVERS OF THE 3-YEAR PLAN ARE BASED ON A SOLUTION
APPROACH FOR 6 VERTICAL MARKETS TO BE ADDRESSED BY A NEW
HIGH-PERFORMANCE CAMERA PLATFORM WITH CORRESPONDING ANALYTICAL
ARTIFICIAL INTELLIGENCE-BASED SOFTWARE APPLICATIONS, INCLUDING
CLOUD-BASED SOFTWARE APPLICATIONS
    * NTEGRATION OF ARTIFICIAL INTELLIGENCE AND BIG DATA IN
CAMERAS
OPENS UP NUMEROUS NEW MARKET OPPORTUNITIES ALSO OUTSIDE THE
TRADITIONAL SECURITY MARKETS, ESPECIALLY IN THE USA AND EMEA

Source text for Eikon:  ID:nEQ1tVN1ka 
Further company coverage:  MBQGn.DE 

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