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Revenue Nedap N.V. in 1st half-year 2012 up 20% and operating profit up by 80%

Organic growth in revenue shows robust upward trend in virtually all market groups

The revenue of the N.V. Nederlandsche Apparatenfabriek "Nedap" for the 1st half-year 2012, at € 83.7 million, was 20% up on the same period in 2011 (€ 69.6 million). Nearly all market groups contributed to this organic growth, a growth that had already reached 14% for the whole of 2011. Operating profit increased by 80% to € 8.3 million (1st half-year 2011: € 4.6 million) and the profit after tax by 78% to € 6.6 million (1st half-year 2011: € 3.7 million). The earnings per share finished at € 0.98 (1st half-year 2011: € 0.55).

Market Developments

The market group Power Supplies (electronic controls based on power electronics for e.g. lighting and autonomous energy systems) exceeded the expectations this 1st half-year with an excellent growth in revenue. This was the result of the considerable investment in product development, marketing, and sales over the past years. This market group now has an almost all-inclusive and robust product portfolio designed to meet the needs of specific market segments. Furthermore, the market group has also managed to further extend its partner network with new sales channels, among other in Germany for energy systems (PowerRouter) and in North America in the lighting segment. The PowerRouter is a system which makes it possible for private homes and estates to generate, store, and consume energy independently and effectively. A fortuitous development in this area is the changes that have been made in the legislation, including in Germany, as a result of which the feeding back of all self-generated energy to the electricity grid will be discouraged. The possibility of being able to manage the consumption and storage of self-generated energy using the PowerRouter will therefore become a very interesting proposition. Both the products for autonomous energy systems and for lighting systems showed an excellent increase in revenue during the 1st half-year.