SÜSS MicroTec AG: Quarterly Figures for 2012 Published
(firmenpresse) - SÜSS MicroTec AG / Key word(s): Finance/
SÜSS MicroTec AG: Quarterly Figures for 2012 Published
DGAP-Media / 08.05.2012 / 08:09
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Quarterly Figures for 2012 Published
- Order Intake plus 59 percent sequentially
- Sales stable compared to prior year
- Book-to-Bill ratio of 1.25
Garching, May 8, 2012 - SUSS MicroTec, a global supplier of equipment and
process solutions for the semiconductor industry and related markets,
published its report for the first quarter of the fiscal year 2012 today.
Order intake improved considerably in the past three months and reached the
upper end of our guidance. Order intake amounted to EUR 39.0 million, which
is a 59 percent increase compared to the fourth quarter of 2011. Compared
with the strong first quarter of 2011, order intake decreased by
approximately 19 percent (previous year: EUR 48.3 million). Sales came in
at EUR 31.2 million, which is 2.5 percent below the previous year's level
of EUR 32.0 million. The Order backlog amounted to EUR 99.8 million, this
number includes the backlog of Tamarack Scientific Co., Inc., acquired on
March 29, 2012 (previous year: EUR 130.5 million).
In Q1 2012 the group's core division - Lithography - was strengthened by
the acquisition of Tamarack Scientific Co., Inc., which was founded in 1966
and is headquartered in Southern California. Tamarack is an industry
leading supplier of industrial laser processing and photolithography
systems which are used to micro-fabricate a wide range of advanced
electronic technology products.
The Lithography segment posted a 15 percent decrease in sales to EUR 21.5
million (previous year: EUR 25.2 million) during the quarter under review.
The Substrate Bonder division succeeded in growing its revenues by
approximately 19 percent to EUR 4.3 million (previous year: EUR 3.6
million). The Photomask Equipment division also increased sales
considerably from EUR 1.1 million to EUR 4.5 million in Q1 2012.
Earnings before interest and tax (EBIT) came in at EUR -0.04 million
(previous year: EUR 2.5 million). The EBIT for Q1 2012 includes one-time
currency effects of EUR -0.4 million. The effects resulted from the
settlement of company-internal foreign currency credits by SÜSS MicroTec AG
against SUSS MicroTec Inc. in connection with the acquisition of Tamarack.
Earnings after taxes (EAT) for continued operations amounted to EUR -0.2
million, compared to EUR 2.4 million in the previous year. Earnings after
taxes for the continued and discontinued operations amounted to EUR 1.3
million and include a tax free gain resulting from the sale of the Test
Business in 2010. The basic earnings per share (EPS), therefore, totaled
EUR 0.07 (previous year: EUR 0.13).
Cash and interest bearing securities amounted to EUR 52.6 million at the
end of the first quarter. Net liquidity amounted to EUR 38.5 million (March
31, 2011: EUR 35.1 million). The Free Cash Flow for the fiscal year,
before the effects from the acquisition of Tamarack and the final payment
from the sale of the Test Business, was EUR 0.3 (previous year's quarter:
EUR -2.2 Million).
Outlook
Considering the effects arising from the consolidation of Tamarack, the
Management Board decided to raise the previous sales guidance of more than
EUR 145 million. Sales of more than EUR 155 million are now expected for
the current fiscal year, 2012. The guidance for the EBIT-margin is not
affected and is still expected to come in between 5 and 10 percent. As of
today the free cash flow is expected to reach a mid-single million Euro
figure. For the second quarter of the fiscal year 2012 the company again
expects orders to be between EUR 30 - 40 million.
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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168508 08.05.2012
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