DGAP-News: SINGULUS TECHNOLOGIES AG: Turnaround Achieved -Preliminary Results for 2011
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Preliminary Results
SINGULUS TECHNOLOGIES AG: Turnaround Achieved -Preliminary Results for
2011
08.02.2012 / 07:20
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Press release
Turnaround Achieved - SINGULUS Reports Preliminary Results for 2011
- Own forecast for the business year 2011 achieved
- Sales of + 34 % significantly above prior-year level
- Positive EBIT
- Order intake increased by 18 %
- Blu-ray market continue to grow
- Growth in sales in the Solar segment
- Optimistic outlook for 2012
Kahl am Main, February 8, 2012 - According to preliminary results the
SINGULUS TECHNOLOGIES Group (SINGULUS) achieved sales of approximately EUR
160 million (+ 34 %) in the business year 2011, which is significantly
above the sales generated in 2010 (sales previous year: EUR 120.1 million).
Correspondingly, the forecast for the business year 2011 was met. With a
positive EBIT for the full-year 2011 SINGULUS was able to achieve the
announced turnaround.
The order intake for 2011 at EUR 151.5 million also exceeded the prior-year
level by 18 % (EUR 128.2 million). As of December 31, 2011, the order
backlog stood at EUR 26.7 million, which is slightly below the previous
year's level(EUR 35.5 million). Orders from customers' for Blu-ray are
placed during the first two quarters of the year, which are then recognized
as sales by the third and fourth quarter of the year. Due to seasonal
patterns the
order backlog at the end of the year is always weaker.
Optimistic outlook for 2012
Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES
AG, comments: 'With the two strong core work areas Optical Disc and Solar
as well as the opportunities offered by the semi-conductor market and the
potential of new applications in vacuum coating, we are optimistic for the
year 2012.'
SINGULUS' goal is to continue to maintain the market leadership in the
Optical Disc division for dual layer Blu-ray Disc production machines.
The market for Blu-ray once again displayed double-digit growth rates in
2011. The market research institute Futuresource Consulting expects an even
stronger growth in 2012. The Blu-ray market turns more and more into a mass
market.
With respect to the silicon and thin-film solar technology SINGULUS
positions itself at the forefront as a machine suppler as well as a
development partner for new cell concepts. Accordingly, the completion of a
contract for the supply of a line for the production of crystalline solar
cells presents an additional important expansion step for SINGULUS in the
Solar segment. With this SINGULUS displays the capability of its
competencies combined within the company ranging from the supply of all
essential machines to complete production lines.
SINGULUS possesses proven know-how in the manufacturing of deposition
machines for semiconductor devices. In the past couple of days two
additional orders in this segment were received. The business activities in
the Nano-Deposition segment are only an example for this and will be
intensified in the course of the growing market for the MRAM semiconductor
technology.
SINGULUS TECHNOLOGIES intends to transfer this know-how in the area of the
development of vacuum coating machines to other application areas. In
addition, the company reviews other sectors and work areas, where new
market segments can be developed in the area of vacuum coating.
SINGULUS will publish the final report for the business year 2011 on
March 27, 2012.
Contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations,
Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 9202924
End of Corporate News
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Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Germany
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause(at)go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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155781 08.02.2012
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