SÜSS MicroTec AG: Final Figures for 2011 Fiscal Year Published
(firmenpresse) - SÜSS MicroTec AG / Key word(s): Enterprise/
SÜSS MicroTec AG: Final Figures for 2011 Fiscal Year Published
DGAP-Media / 30.03.2012 / 07:34
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Final Figures for 2011 Fiscal Year Published
- SUSS MicroTec successful in growth markets
- Further improvement of solid financial position
- Sales plus 26% to EUR 175.4 million
- EBIT up 30% to EUR 18.6 million
- Net liquidity increased to EUR 42.0 million
Garching, March 30, 2012 - SUSS MicroTec, a leading supplier of equipment
and process solutions for the semiconductor and related markets, published
its consolidated financial statements for the very successful 2011 fiscal
year today. The figures show that the company experienced a strong increase
in sales during the last fiscal year. The SUSS MicroTec Group generated
sales of EUR 175.4 million, beating the previous year's level of EUR 139.1
million by 26%. Order entry decreases by 24% year on year to EUR 143.1
million (previous year: EUR 189.3 million). Thus order backlog stood at EUR
83.7 million at December 31, 2011 (December 31, 2010: EUR 116.1 million).
The group's core division - Lithography - posted a 25% increase in sales to
EUR 111.5 million during the year under review (previous year: EUR 88.9
million). The upswing in Lithography was largely due to the increased
demand from Asian production customers. The Substrate Bonder division
experienced declining revenues from EUR 24.7 million to EUR 20.5 million,
which is a decrease by 17%. The Substrate Bonder division suffered from the
increased lead times, which arose during the relocation of the business
from the USA to Germany. The lead times returned to a normal level by the
end of 2011. The Photomask Equipment division, acquired in early 2010,
contributed sales of EUR 36.3 million (previous year: EUR 18.4 million).
Due to the sharp increase in sales the company was able to generate
earnings before interest and tax (EBIT) of EUR 18.6 million for the last
fiscal year compared EUR 14.3 million in the previous year. This translates
into an EBIT-margin of 10.6% after 10.6% in 2010. The largest EBIT
contribution came again from the Lithography division, but the Photomask
Equipment division also contributed very positively to the EBIT. Only the
Substrate Bonder segment, burdened with final restructuring expenses of EUR
1.4 million, strategically important orders with low margins and an
increase in research and development costs, shows a negative EBIT for 2011.
Earnings after taxes (EAT) from continuing operations amounted to EUR 13.8
million, compared to EUR 13.0 million in the previous year. The basic
earnings per share (EPS) totaled EUR 0.72 (previous year: EUR 0.71).
Liquidity
Cash and interest bearing securities amounted to EUR 56.4 million at the
end of the 2011 fiscal year. Net liquidity has increased further by 21%,
amounting to EUR 42.0 million (December 31, 2010: EUR 34.6 million). The
Free Cash Flow for the fiscal year, before security transactions and
extraordinary effects as well as M&A transactions, was EUR 3.5 (previous
year: EUR 14.1 Million).
Outlook
In the fourth quarter 2011 the macroeconomic uncertainties led to a very
cautious order behavior of our customers resulting in a low order intake
for SUSS MicroTec in the fourth quarter. For the first three quarters 2012,
SUSS MicroTec expects orders to return toa higher level and reach EUR 30
to 40 million. All in all, the Management Board expects sales of more than
EUR 145 million for the current fiscal year 2012. The Company also expects
the EBIT-margin to be between 5 and 10% of sales. As of today the free cash
flow is expected to reach a middle single digit million Euro figure.
About SUSS MicroTec
SUSS MicroTec, listed on TecDAX of Deutsche Boerse AG, is a leading
supplier of equipment and process solutions for microstructuring in the
semiconductor industry and related markets. In close cooperation with
research institutes and industry partners SUSS MicroTec contributes to the
advancement of next-generation technologies such as 3D Integration and
nanoimprint lithography as well as key processes for MEMS and LED
manufacturing. With a global infrastructure for applications and service
SUSS MicroTec supports more than 8.000 installed systems worldwide. SUSS
MicroTec is headquartered in Garching near Munich, Germany. For more
information, please visit http://www.suss.com
Disclaimer:
This press release contains forward-looking statements relating to the
business, financial performance and earnings of SUSS MicroTec AG and its
subsidiaries and associates. Forward-looking statements are based on
current plans, estimates, projections and expectations and are therefore
subject to risks and uncertainties, most of which are difficult to estimate
and which in general are beyond the control of SUSS MicroTec AG.
Consequently, actual developments as well as actual earnings and
performance may differ materially from those which explicitly or implicitly
assumed in the forward-looking statements. SUSS MicroTec AG does not intend
or accept any obligation to publish updates of these forward-looking
statements
Contact:
SUSS MicroTec AG
Franka Schielke
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
Email: franka.schielke(at)suss.com
End of Media Release
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Language: English
Company: SÜSS MicroTec AG
Schleissheimer Strasse 90
85748 Garching
Germany
Phone: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
E-mail: ir(at)suss.com
Internet: www.suss.com
ISIN: DE000A1K0235
WKN: A1K023
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP-Media
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163155 30.03.2012
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