Latest news with #RolandChochoiek
Business Wire
3 days ago
- Automotive
- Business Wire
VIA optronics AG Provides Strategic Update on Business Transformation
NUREMBERG, Germany--(BUSINESS WIRE)-- VIA optronics AG (OTC: VIAOY) ('VIA' or the 'Company'), a leading supplier of interactive display solutions, today announced several updates related to its business transformation initiatives, 2024 and 2025 outlook, as well as a search for a new strategic investor. This update follows the release of audited financials for fiscal 2023 and the Company plans to file its fiscal 2024 financial results shortly. Key Highlights: VIA has made significant progress executing against its proactive transformation and cost initiatives to stabilize and realign the business over the last several quarters. This includes further optimization of its efficiency and productivity programs, further reducing overhead costs, as well as developing and expanding partnerships with new customers and across new markets. The Company's global manufacturing footprint in Germany, Japan, and China provides competitive advantages to navigate the dynamic tariff situation and win new business as smaller competitors have exited numerous markets. VIA retains a strong position and reputation in the automotive market, and has significantly broadened its near-term focus on the less cyclical industrial display market, which is expected to grow at a 6.7% CAGR* through 2030 (Source: Industrial Display Market Size, Trends | Industry Report, 2030). The Company's product strengths, such as optical bonding, metal mesh touch sensors, cameras and ruggedized displays, align well with these industrial sector trends. VIA maintained a disciplined approach to cash management over the last several years and has secured credit lines in Germany, China, and Japan, ensuring financial flexibility as it advances its operational turnaround. As a result of the completion of many of the Company's transformation and cost initiatives, it expects significantly enhanced gross margin and EBITDA in fiscal 2024, with further improvement in fiscal 2025. The Company is targeting a strategic investment partner to aid in the acceleration of its growth trajectory and capitalize on emerging market opportunities. Roland Chochoiek, Chief Executive Officer of VIA Optronics, commented 'Over the last year and a half, we have made significant progress stabilizing the business by optimizing our platform through numerous efficiency and productivity programs, as well as disciplined cost controls. We have also redirected our focus on diversifying the end markets we support, through strategic investments in areas of the business that support the industrial display market. We continue to see significant growth opportunities globally across these markets, and believe they offer long-term opportunities that will make our overall revenues more stable and profitable over the long term.' Chochoiek added, 'Our competitive position has improved in many of our markets, and our strong manufacturing footprint in Germany, Japan, and China, allows us to service dynamic growth areas where display, camera, and touch technology is critical to our customer's success. I want to thank all of our employees, partners and customers for their support through our turnaround and believe we remain well positioned to drive long-term, sustainable growth as the economic climate improves.' 2024/2025 Outlook As stated in the Annual Report for FY 2023 (published on the Company´s website), VIA expects sales in 2024 to range between € 100.0 million and € 110.0 million, compared to € 133.3 million in 2023. Gross margin is expected to improve by over 8.4 percent, driven by improved product and margin mix. As a result of the restructuring measures and cost saving initiatives, 2024 EBITDA is expected to improve considerably compared to 2023. 2025 sales are expected to be in the range of € 75.0 million to € 90.0 million following the switch to a consignment stock business model with a major customer that leads to revenue decrease but margin increase. The Company also expects both gross margins and EBITDA to improve in 2025 compared to fiscal 2024. 'We have right sized our business to align with our revenue opportunities, and the majority of our transformation initiatives have been completed which will support meaningful improvement in our margin profile,' said Chochoiek. 'Looking ahead to 2025, we will leverage a more resilient operating model with improved working capital flexibility.' Strategic Investor The Company is actively seeking a new strategic investor following the decision by Integrated Micro-Electronics, a major shareholder, to divest its position as part of a broader portfolio realignment. Chochoiek concluded, 'We have initiated a formal search for a new long-term strategic investor and partner to help accelerate VIA's growth trajectory and innovation while reinforcing our competitive global position. This presents an opportunity to partner with an investor who shares our long-term growth strategy and commitment to innovation and can help the Company accelerate its business development efforts and pivot to growth in the future.' Forvis Mazars Advisors Germany has been appointed as Financial Advisor to support VIA in its search for a new strategic investor. 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 solutions combine customized design, interactive displays, touch 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. 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 Company's expectations as to the timing of its delisting and deregistration process; the anticipated benefits and cost savings of such actions; and other statements that are not historical facts. 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. Other factors include the risks described under Item 3. 'Opportunity and Risk Report — 5.3 Risk,' in our audited Annual Report for FY 2023 published on the Company´s website (VIA optronics - Investors - Financials & Filings - Annual Reports). 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.
Yahoo
3 days ago
- Automotive
- Yahoo
VIA optronics AG Provides Strategic Update on Business Transformation
Proactive operational and cost initiatives, as well as renewed focus on diverse industrial applications, have stabilized and realigned business Company provides initial outlook for Fiscal 2024 and 2025, which includes significantly improved gross margins and EBITDA VIA is seeking a long-term investor and partner to support its future pivot to growth NUREMBERG, Germany, June 11, 2025--(BUSINESS WIRE)--VIA optronics AG (OTC: VIAOY) ("VIA" or the "Company"), a leading supplier of interactive display solutions, today announced several updates related to its business transformation initiatives, 2024 and 2025 outlook, as well as a search for a new strategic investor. This update follows the release of audited financials for fiscal 2023 and the Company plans to file its fiscal 2024 financial results shortly. Key Highlights: VIA has made significant progress executing against its proactive transformation and cost initiatives to stabilize and realign the business over the last several quarters. This includes further optimization of its efficiency and productivity programs, further reducing overhead costs, as well as developing and expanding partnerships with new customers and across new markets. The Company's global manufacturing footprint in Germany, Japan, and China provides competitive advantages to navigate the dynamic tariff situation and win new business as smaller competitors have exited numerous markets. VIA retains a strong position and reputation in the automotive market, and has significantly broadened its near-term focus on the less cyclical industrial display market, which is expected to grow at a 6.7% CAGR* through 2030 (Source: Industrial Display Market Size, Trends | Industry Report, 2030). The Company's product strengths, such as optical bonding, metal mesh touch sensors, cameras and ruggedized displays, align well with these industrial sector trends. VIA maintained a disciplined approach to cash management over the last several years and has secured credit lines in Germany, China, and Japan, ensuring financial flexibility as it advances its operational turnaround. As a result of the completion of many of the Company's transformation and cost initiatives, it expects significantly enhanced gross margin and EBITDA in fiscal 2024, with further improvement in fiscal 2025. The Company is targeting a strategic investment partner to aid in the acceleration of its growth trajectory and capitalize on emerging market opportunities. Roland Chochoiek, Chief Executive Officer of VIA Optronics, commented "Over the last year and a half, we have made significant progress stabilizing the business by optimizing our platform through numerous efficiency and productivity programs, as well as disciplined cost controls. We have also redirected our focus on diversifying the end markets we support, through strategic investments in areas of the business that support the industrial display market. We continue to see significant growth opportunities globally across these markets, and believe they offer long-term opportunities that will make our overall revenues more stable and profitable over the long term." Chochoiek added, "Our competitive position has improved in many of our markets, and our strong manufacturing footprint in Germany, Japan, and China, allows us to service dynamic growth areas where display, camera, and touch technology is critical to our customer's success. I want to thank all of our employees, partners and customers for their support through our turnaround and believe we remain well positioned to drive long-term, sustainable growth as the economic climate improves." 2024/2025 Outlook As stated in the Annual Report for FY 2023 (published on the Company´s website), VIA expects sales in 2024 to range between € 100.0 million and € 110.0 million, compared to € 133.3 million in 2023. Gross margin is expected to improve by over 8.4 percent, driven by improved product and margin mix. As a result of the restructuring measures and cost saving initiatives, 2024 EBITDA is expected to improve considerably compared to 2023. 2025 sales are expected to be in the range of € 75.0 million to € 90.0 million following the switch to a consignment stock business model with a major customer that leads to revenue decrease but margin increase. The Company also expects both gross margins and EBITDA to improve in 2025 compared to fiscal 2024. "We have right sized our business to align with our revenue opportunities, and the majority of our transformation initiatives have been completed which will support meaningful improvement in our margin profile," said Chochoiek. "Looking ahead to 2025, we will leverage a more resilient operating model with improved working capital flexibility." Strategic Investor The Company is actively seeking a new strategic investor following the decision by Integrated Micro-Electronics, a major shareholder, to divest its position as part of a broader portfolio realignment. Chochoiek concluded, "We have initiated a formal search for a new long-term strategic investor and partner to help accelerate VIA's growth trajectory and innovation while reinforcing our competitive global position. This presents an opportunity to partner with an investor who shares our long-term growth strategy and commitment to innovation and can help the Company accelerate its business development efforts and pivot to growth in the future." Forvis Mazars Advisors Germany has been appointed as Financial Advisor to support VIA in its search for a new strategic investor. 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 solutions combine customized design, interactive displays, touch 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. 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 Company's expectations as to the timing of its delisting and deregistration process; the anticipated benefits and cost savings of such actions; and other statements that are not historical facts. 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. Other factors include the risks described under Item 3. "Opportunity and Risk Report — 5.3 Risk," in our audited Annual Report for FY 2023 published on the Company´s website (VIA optronics - Investors - Financials & Filings - Annual Reports). 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. View source version on Contacts Media Contact VIA: Alexandra Müller-PlötzPhone: +49 911 597 575-302Amueller-ploetz@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Automotive
- Yahoo
VIA optronics partners with Autolink to enhance automotive display solutions
VIA optronics, an interactive display solutions supplier, and Autolink Information Technology (Autolink) have announced the establishment of a joint venture, Wuxi Turing Intelligent Display Technology (Turing), aimed at advancing interactive display solutions in the automotive sector. The collaboration is set to combine VIA's expertise in display solutions with Autolink's prowess in intelligent connected vehicle technology. The joint venture is a response to the growing market demand for integrated automotive system solutions and aims to deliver a comprehensive suite of services. Turing will inherit the responsibilities of manufacturing display devices and assembling displays. Autolink will contribute its electronic control units (ECU) expertise, while VIA will supply its advanced display solutions, camera products, and optical bonding manufacturing services. VIA chief executive officer Roland Chochoiek commented: 'We are thrilled to open the next chapter in our strategic collaboration with Autolink by expanding the scope of our portfolio and services with Turing. "In addition, by combining our hardware products with Autolink´s ECU and software expertise and production capabilities, we are certain that the new joint venture will successfully complement the supply chain for system solutions for smart cockpit platforms in the automotive industry to the benefit of OEMs.' As part of their strategic partnership, VIA and Autolink are looking to broaden their business horizons by pooling resources and utilising their synergistic capabilities. Autolink founder Hongze Yang stated: 'The establishment of Turing in partnership with VIA marks a significant step in advancing our strategy for product integration and globalisation. We firmly believe in the future of intelligent mobility, particularly in the enormous potential of smart cockpits and human-machine interaction. "VIA brings world-class expertise in display technologies and optical bonding, while Autolink has deep experience in cockpit domain controllers and software platforms." Yang added: 'Through this joint venture, we aim to co-develop next-generation, system-level solutions for smart cockpits, enhance supply chain synergy, and better serve OEMs worldwide, including global and export-oriented Chinese automotive brands. Looking ahead, Turing will strive to become a benchmark enterprise in the intelligent cockpit display sector, both in China and globally.' "VIA optronics partners with Autolink to enhance automotive display solutions" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-05-2025
- Automotive
- Yahoo
VIA optronics AG and Autolink Announce a Joint Venture Agreement
The companies formed the new joint venture company Wuxi Turing Intelligent Display Technology NUREMBERG, Germany, May 28, 2025--(BUSINESS WIRE)--VIA optronics AG (OTC: VIAOY) ("VIA" or the "Company"), a leading supplier of interactive display solutions and Autolink Information Technology Co., Ltd. ("Autolink"), a leader in intelligent connected vehicle technology today announced the formation of the new joint venture Wuxi Turing Intelligent Display Technology Co., Ltd. ("Turing"). As previously announced, VIA and Autolink intend to expand their respective business scopes by sharing resources in various areas and leveraging their complementary strengths. Together, the companies plan to offer combined capabilities and capacities for automotive system solutions, following market demands and requirements. The new joint venture company Turing will take over display device manufacturing and display assembly, among other things, while Autolink will be responsible for the Electronic Control Units (ECU), and VIA will provide its display solutions and camera products, as well as optical bonding manufacturing services. Roland Chochoiek, Chief Executive Officer of VIA, commented, "We are thrilled to open the next chapter in our strategic collaboration with Autolink by expanding the scope of our portfolio and services with Turing. In addition, by combining our hardware products with Autolink´s ECU and software expertise and production capabilities, we are certain that the new joint venture will successfully complement the supply chain for system solutions for smart cockpit platforms in the automotive industry to the benefit of OEMs. Hongze Yang, Founder of Autolink, stated, "The establishment of Turing in partnership with VIA marks a significant step in advancing our strategy for product integration and globalization. We firmly believe in the future of intelligent mobility, particularly in the enormous potential of smart cockpits and human-machine interaction. VIA brings world-class expertise in display technologies and optical bonding, while Autolink has deep experience in cockpit domain controllers and software platforms. Through this joint venture, we aim to co-develop next-generation, system-level solutions for smart cockpits, enhance supply chain synergy, and better serve OEMs worldwide, including global and export-oriented Chinese automotive brands. Looking ahead, Turing will strive to become a benchmark enterprise in the intelligent cockpit display sector, both in China and globally." 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 solutions combine customized design, interactive displays, touch 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. About Autolink: As a leading domestic technology company in the intelligent cockpit field, Autolink focuses on intelligent cockpit domain controller products, intelligent connected software products, and operation service products. The company is committed to becoming a leader and driver of transformation in the intelligent connected vehicle industry. Autolink boasts the world's first fully automated production line for automotive intelligent cockpit domain controllers, providing customers with optimal product solutions and the most stable product quality. Looking ahead, the company will continue to explore and strive for industry leadership and transformational leadership in the areas of cockpit-driving integration and intelligent driving. View source version on Contacts Media Contact VIA: Alexandra Müller-PlötzPhone: +49 911 597 575-302Amueller-ploetz@ Media Contact Autolink: Shi KaifengPhone: +86 13917462715shikaifeng@
Business Wire
28-05-2025
- Automotive
- Business Wire
VIA optronics AG and Autolink Announce a Joint Venture Agreement
NUREMBERG, Germany--(BUSINESS WIRE)--VIA optronics AG (OTC: VIAOY) ('VIA' or the 'Company'), a leading supplier of interactive display solutions and Autolink Information Technology Co., Ltd. ('Autolink'), a leader in intelligent connected vehicle technology today announced the formation of the new joint venture Wuxi Turing Intelligent Display Technology Co., Ltd. ('Turing'). As previously announced, VIA and Autolink intend to expand their respective business scopes by sharing resources in various areas and leveraging their complementary strengths. Together, the companies plan to offer combined capabilities and capacities for automotive system solutions, following market demands and requirements. The new joint venture company Turing will take over display device manufacturing and display assembly, among other things, while Autolink will be responsible for the Electronic Control Units (ECU), and VIA will provide its display solutions and camera products, as well as optical bonding manufacturing services. Roland Chochoiek, Chief Executive Officer of VIA, commented, 'We are thrilled to open the next chapter in our strategic collaboration with Autolink by expanding the scope of our portfolio and services with Turing. In addition, by combining our hardware products with Autolink´s ECU and software expertise and production capabilities, we are certain that the new joint venture will successfully complement the supply chain for system solutions for smart cockpit platforms in the automotive industry to the benefit of OEMs. Hongze Yang, Founder of Autolink, stated, 'The establishment of Turing in partnership with VIA marks a significant step in advancing our strategy for product integration and globalization. We firmly believe in the future of intelligent mobility, particularly in the enormous potential of smart cockpits and human-machine interaction. VIA brings world-class expertise in display technologies and optical bonding, while Autolink has deep experience in cockpit domain controllers and software platforms. Through this joint venture, we aim to co-develop next-generation, system-level solutions for smart cockpits, enhance supply chain synergy, and better serve OEMs worldwide, including global and export-oriented Chinese automotive brands. Looking ahead, Turing will strive to become a benchmark enterprise in the intelligent cockpit display sector, both in China and globally.' 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 solutions combine customized design, interactive displays, touch 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. About Autolink: As a leading domestic technology company in the intelligent cockpit field, Autolink focuses on intelligent cockpit domain controller products, intelligent connected software products, and operation service products. The company is committed to becoming a leader and driver of transformation in the intelligent connected vehicle industry. Autolink boasts the world's first fullyautomated production line for automotive intelligent cockpit domain controllers, providing customers with optimal product solutions and the most stable product quality. Looking ahead, the company will continue to explore and strive for industry leadership and transformational leadership in the areas of cockpit-driving integration and intelligent driving.
