DGAP-News: SINGULUS TECHNOLOGIES Reports Results for the 1st Quarter of 2012
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Quarter Results
SINGULUS TECHNOLOGIES Reports Results for the 1st Quarter of 2012
10.05.2012 / 07:28
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Press Release
SINGULUS TECHNOLOGIES Reports Results for the
1st Quarter of 2012
- High Order Intake in the 1st Quarter
- Quarterly Sales Slightly Below Prior-Year Level
- Gross Margin Higher Than in the Prior-Year Period
- EBIT In-Line with Expectations
- Positive EBIT for the Full-Year 2012 Expected
- Large Orders and Current Projects Confirm Favorable Outlook for Optical
Disc, Solar&Semiconductor
Kahl am Main, May 10, 2012 - In the 1st quarter 2012 the SINGULUS
TECHNOLOGIES Group achieved a good order intake in the amount of EUR 55.7
million (1st quarter 2011: EUR 65.9 million). Accordingly, the order
backlog improved compared with the year-end 2011 and stood at
EUR 66.8 million (December 31, 2011: EUR 26.8 million). Due to the low
order backlog at the end of 2011 the sales in the 1st quarter 2012 of
EUR 16.0 million came in below the prior-year level (EUR 19.8 million).
The gross margin in the 1st quarter 2012 stood at 28.0 %, above the level
of the prior-year period (24.9 %). In the 1st quarter 2012 earnings before
interest and taxes (EBIT) in the amount of EUR -5.7 million were realized
(previous year: EUR -2.6 million) and were thus in-line with expectations.
In the prior-year period positive one-off effects in the amount of EUR 2.4
million were included in the other operating income. Adjusted for the
one-time effects, an EBIT of EUR -5.0 million resulted for the prior-year
period compared with EUR -5.7 million in the 1st quarter 2012. The number
of employees in the SINGULUS Group changed only slightly by seven employees
from 455 employees as of December 31, 2011 to 448 employees as of March 31,
2012.
It is very pleasing to note the project activities in all segments have
picked up since the beginning of 2012. The orders received in the past
couple of weeks and months will predominantly only be realized as sales in
the 3rd and 4th quarter 2012.
Optical Disc segment
Currently, SINGULUS is in talks with international disc manufacturers for
additional projects. Due to the favorable development in the past year and
growth forecasts we expect the uptrend in the Blu-ray market to continue in
2012 and to have a positive impact on the demand and the resulting order
intake for our Blu-ray production machines.
Solar segment with successful start in the year 2012
Despite the difficult market environment SINGULUS was able to achieve some
important success in the first quarter. Correspondingly, the start into the
year 2012, which is viewed as a transition year for the photovoltaics
sector, was successful.
Semiconductor segment
SINGULUS' strategy in the Semiconductor segment is confirmed and the
company intends to extend the position as a supplier of vacuum coating
machines for the manufacturing of MRAM wafers in this future growth market.
Overall, in the first three months orders in excess of
EUR 13 million for four TIMARIS coating machines with different
configurations were already received. These orders are an important step
for the further expansion of the Semiconductor activities.
Outlook
Following three years with negative earnings SINGULUS TECHNOLOGIES once
again reported positive earnings for the business year 2011. After a stage
of consolidation and transition, the turnaround was achieved in the past
year.
With the two strong core work areas Optical Disc and Solar as well as the
opportunities presented by the semiconductor market and the potential
inherent in new applications of vacuum coating we are optimistic for the
full-year 2012 and once again project a positive EBIT for the business
year.
SINGULUS continues to review sectors and work areas, where new market
segments and work areas can be developed on the basis of the present
know-how in the area of vacuum coating.
Consolidated key figures SINGULUS pursuant to IFRS (unaudited)
1st quarter 2011 2012Contact:
Sales in million EUR 19,8 16,0
Order intake in million EUR 65,9 55,7
Order backlog as of March 31 in million EUR 81,6 66,8
EBIT in million EUR -2,6 -5,7
EBITDA in million EUR 0,2 -2,7
Net profit/loss in million EUR -3,9 -4,7
Earnings per share EUR -0,09 -0,10
Number of employees as of March 31 464 448
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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169027 10.05.2012
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