NUREMBERG, Germany – (COMMERCIAL THREAD) – VIA optronics AG (NYSE: VIAO) (“VIA”), 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. Jürgen 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 “Annual Report”), 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.
Statements in this press release regarding 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 start and end dates of negotiations. The words, without limitation, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “, “, Of them of their of their their” 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 largely based on our current expectations and projections regarding future events and financial trends that we believe could affect our financial condition, results of operations, business strategy, operations and business objectives in the short and long term. long term and our 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 forward-looking statement, including, but not limited to, the risks described in section 3. “Key Information — D. Risk Factors ”in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission. In addition, 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 one factor, or combination of factors, may cause a risk. substantial difference between actual results and those contained in any futures contract. forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances mentioned in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We therefore advise you not to rely on these forward-looking statements and we qualify all of our forward-looking statements with these cautionary statements. All 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 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 “financial income” 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.