NUREMBERG, Germany – (COMMERCIAL THREAD) – VIA optronics AG (NYSE: VIAO) (âVIAâ), a leading provider of interactive display systems and solutions, today announced that its production site in Germany is successfully ramping up production massive.
The facility has the capacity to produce approximately 10,000 units of large sets of cold-shaped premium 3D car dashboards per month and may include cluster and / or interactive center information displays.
The new facility adds 1,500 square meters to VIA’s existing manufacturing facilities, with significant expansion potential. The new plant is already fully dedicated to the production of a US manufacturer of high-end electric vehicles and brings the total production volume in Nuremberg to 60,000 units per month, depending on the product and the customer mix.
“With this step, we have extended our production capacity of automotive dashboard display assemblies up to the width of the entire vehicle cockpit, thus improving our ability to produce units for model cars. innovations, in particular electric vehicles, “said Mr. JÃ¼rgen Eichner, Managing Director of VIA. Officer.
VIA is a leading provider of interactive display solutions for multiple end markets where superior functionality or durability is a critical differentiator. Its customizable technology is well suited to 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, temperature extremes 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 link technologies, metal mesh touch sensors and camera modules deliver enhanced display solutions designed to meet specific customer needs. .
Further information on the Company is available in its annual report on Form 20-F for the fiscal year ended December 31, 2020 (the âAnnual Reportâ), which the Company has filed with the United States Securities and Exchange Commission. United. You can access a PDF version of the Annual Report on 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.
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Non-IFRS financial measures
Our governing and supervisory boards use both IFRS and non-IFRS measures in a number of ways, including to help determine our resource allocation, to measure our performance against budgeted and planned financial plans, and to establish and measure part of the executive compensation. .
Non-IFRS measures used by our boards of directors and supervisors include:
EBITDA, which we define as net profit (loss) calculated in accordance with IFRS before financial income, taxes, depreciation and amortization; for the purposes of our calculation of EBITDA, we define âfinancial incomeâ to include financial income as calculated in accordance with IFRS and foreign exchange gains (losses) on intercompany debt.
Our management and supervisory boards believe that these non-IFRS measures are useful tools for understanding certain aspects of our financial performance and are important additional measures of operational performance, as they eliminate items that may have less impact. on our operational performance and highlight trends that might not otherwise be evident when relying solely on IFRS financial measures. For example, our acquisition of VTS in 2018 included costs related to the acquisition, such as costs attributable to the completion of the transaction and the integration of VTS as a consolidated subsidiary (mainly composed of fees professional services, including legal, accounting and other consultants) and any transition compensation costs, and were not considered to be related to the continued operation of VTS’s business and are generally not relevant to assess or estimate the long-term performance of VTS. We also believe that these non-IFRS measures are useful for investors and other users of our financial statements in assessing our performance, as these measures are the same measures used by our management and supervisory boards for these purposes.