VIA optronics AG (NYSE: VIAO) (“VIA”), a leading supplier of
interactive display systems and solutions, today announced that its
production facility in Germany is successfully ramping up mass
production.
The facility has the capacity to produce approximately 10,000
units of large high-end 3D shaped cold-form car dashboard
assemblies per month and can include cluster and/or interactive
center information displays.
The new facility adds 1,500 square meters to VIA’s existing
manufacturing facilities, with significant potential for further
expansion. The new facility is already fully dedicated to
production for a high-end US electric vehicle manufacturer and
brings the total production volume in Nuremberg up to 60,000 units
per month, depending on the product and customer mix.
“With this step we have expanded our production capability for
automotive dashboard display assemblies up to the width of the
whole vehicle cockpit, thus enhancing our ability to produce units
for innovative car models especially electric vehicles,” said Mr.
Jürgen Eichner, VIA’s Chief Executive Officer.
About VIA:
VIA is a leading provider of interactive display solutions for
multiple end markets in which superior functionality or durability
is a critical differentiating factor. Its customizable technology
is well-suited for high-end markets with unique specifications and
demanding environments that pose technical and optical challenges
for displays, such as bright ambient light, vibration and shock,
extreme temperatures, and condensation. VIA’s interactive display
systems combine system design, interactive displays, software
functionality, cameras, and other hardware components. VIA’s
intellectual property portfolio, process know-how, optical bonding,
metal mesh touch sensor and camera module technologies provide
enhanced display solutions built to meet the specific needs of its
customers.
Further information on the Company can be found in its Annual
Report on Form 20-F for the year ended December 31, 2020 (the
“Annual Report”), which the Company has filed with the U.S.
Securities and Exchange Commission. You can access a PDF version of
the Annual Report at VIA’s Investor Relations website,
https://investors.via-optronics.com/investors/financial-and-filings/annual-reports/default.aspx.
A hard copy of the audited consolidated financial statements can
also be requested free of charge by contacting the investor
relations team via the information provided below.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
“forward-looking statements.” These statements include, but are not
limited to, statements relating to the expected trading
commencement and closing dates. The words, without limitation,
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “potential,” “predict,” “project,”
“should,” “target,” “will,” “would” and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these or similar identifying
words. Forward-looking statements are based largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy, short-term and long-term business
operations and objectives, and financial needs. These
forward-looking statements involve known and unknown risks,
uncertainties, changes in circumstances that are difficult to
predict and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statement, including, without
limitation, the risks described under Item 3. “Key Information—D.
Risk Factors,” in our Annual Report on Form 20-F as filed with the
US Securities and Exchange Commission. Moreover, new risks emerge
from time to time. It is not possible for our management to predict
all risks, nor can we assess the impact of all factors on our
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements we may make. In light
of these risks, uncertainties and assumptions, the forward-looking
events and circumstances discussed in this release may not occur
and actual results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. We
caution you therefore against relying on these forward-looking
statements, and we qualify all of our forward-looking statements by
these cautionary statements. Any forward-looking statements
contained in this press release are based on the current
expectations of VIA’s management team and speak only as of the date
hereof, and VIA specifically disclaims any obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Non-IFRS Financial Measures
Our management and supervisory boards utilize both IFRS and
non-IFRS measures in a number of ways, including to facilitate the
determination of our allocation of resources, to measure our
performance against budgeted and forecasted financial plans and to
establish and measure a portion of management's compensation.
The non-IFRS measures used by our management and supervisory
boards include:
EBITDA, which we define as net profit (loss) calculated in
accordance with IFRS before financial result, taxes, depreciation
and amortization; for purposes of our EBITDA calculation, we define
"financial result" to include financial result as calculated in
accordance with IFRS and foreign exchange gains (losses) on
intercompany indebtedness.
Our management and supervisory boards believe these non-IFRS
measures are helpful tools in understanding certain aspects of our
financial performance and are important supplemental measures of
operating performance because they eliminate items that may have
less bearing on our operating performance and highlight trends that
may not otherwise be apparent when relying solely on IFRS financial
measures. As an example, our acquisition of VTS in 2018 included
acquisition-related costs, such as costs attributable to the
consummation of the transaction and integration of VTS as a
consolidated subsidiary (composed substantially of professional
services fees, including legal, accounting and other consultants)
and any transition compensation costs, and were not considered to
be related to the continuing operation of VTS's business and are
generally not relevant to assessing or estimating the long-term
performance of VTS. We also believe that these non-IFRS measures
are useful to investors and other users of our financial statements
in evaluating our performance because these measures are the same
measures used by our management and supervisory boards for these
purposes.
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version on businesswire.com: https://www.businesswire.com/news/home/20210922005867/en/
Investor Relations for VIA optronics: The Blueshirt Group
Monica Gould Monica@blueshirtgroup.com +1-212-871-3927
Lindsay Savarese Lindsay@blueshirtgroup.com +1-212-331-8417
Media: Alexandra Müller-Pl�tz
AMueller-Ploetz@via-optronics.com +49-911-597 575-302
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