SÜSS MicroTec AG: Half Year Figures for 2012 Published
(firmenpresse) - (DGAP-Media / 07.08.2012 / 07:54)
Half Year Figures for 2012 Published
- Order intake in Q2 with EUR 41.4 million above guidance
- Sales increased by 16% compared to prior quarter
- Increase of full year sales forecast to EUR 160 - 170 million
- Clarification of EBIT guidance to EUR 5 - 10 million in fiscal year
2012
Garching, August 7, 2012 - SUSS MicroTec published its report for the first
half of the fiscal year 2012 today. When looking at the second quarter
numbers, sales reached EUR 36.3 million, 31% below the EUR 52.6 million in
the corresponding quarter 2011. Order intake on the other hand increased by
29% to EUR 41.4 million compared to the second quarter 2011 with EUR 32.1
million. The EBIT fell to EUR 1.6 million compared to EUR 8.1 million in
the previous year.
In the first half year of 2012 SUSS MicroTec generated sales of EUR 67.5
million, a decline of approximately 20% from the previous year's strong
level of EUR 84.7 million. With EUR 80.4 million order entry reached the
very good level of the prior year. Thus, order backlog amounted to 107.2
EUR million at June 30, 2012 (June 30, 2011: 109.8 EUR million).
The group's largest division - Lithography - posted a 6% decrease in sales
to EUR 49.2 million (previous year: EUR 52.5 million) during the year under
review. The Photomask Equipment division displayed revenues of EUR 7.4
million (a decline from previous year's EUR 20.7 million of 64%). The
Substrate Bonder division contributed higher sales of EUR 8.8 million
(previous year: EUR 7.7 million).
Earnings before interest and tax (EBIT) came in at EUR 1.5 million
(previous year: EUR 10.6 million). The EBIT for the first half year 2012
included one-time currency effects of EUR -0.4 million. These effects
result from the settlement of company-internal foreign currency credits by
SÜSS MicroTec AG against SUSS MicroTec Inc. in connection with the
acquisition of Tamarack in March 2012.
Earnings after taxes (EAT) for continued operations amounted to EUR 0.4
million, compared to EUR 8.3 million in the previous year. Earnings after
taxes for the continued and discontinued operations amounted to EUR 1.9
million (prior year: EUR 8.3 million) and include a tax free gain of EUR
1.5 million resulting from the sale of the Test Business in 2010. The basic
earnings per share (EPS) for the continued and discontinued operations
totaled EUR 0.10 (previous year: EUR 0.44).
The Operating Cash Flow amounted to EUR -4.5 million after EUR 0.02 million
in 2011. The Free Cash Flow for the first half year 2012, before the
effects of M&A activities and the purchase or sale of interest bearing
securities, amounted to EUR -7.1 (previous year: EUR -2.5 million). Cash
and interest bearing securities amounted to EUR 43.9 million at the end of
the first half year (June 30, 2011: EUR 50.6 million). Net liquidity
amounted to EUR 30.1 million, which is below the EUR 38.5 million at March
31, 2012 (June 30, 2011: EUR 35.5 million).
Outlook
Due to the strong order intake in the first half of 2012, SUSS MicroTec
raises its sales forecast to
EUR 160 - 170 million for the full year. So far the Company expected sales
to come in above EUR 155 million and an EBIT-margin at the lower end of a 5
- 10% bandwidth. In this context SUSS MicroTec updates the guidance for the
full year and now expects EBIT to be between EUR 5 - 10 million. The
current EBIT expectation reflects a EUR 2.5million burden caused by the
acquisition of Tamarack Scientific, of which EUR 0.6 million are
attributable to the purchase price allocation. For the fiscal year 2012 the
Company has guided for a Free Cash Flow of a mid-single digit million EUR
amount. Due to the strategic increase in working capital it now expects the
Free Cash Flow to be in the low-single digit million EUR range.
For the third quarter of the fiscal year 2012 the company expects an order
intake of EUR 30 to 40 million.
About SUSS MicroTec
SUSS MicroTec (listed on TecDAX of Deutsche Börse 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
All statements in this release other than historical facts are
forward-looking statements within the meaning of U.S. Private Securities
Litigation Reform Act of 1995. Words such as 'believe', 'expect', 'intend',
'anticipate', 'estimate', 'should', 'may', 'will', 'plan' and similar words
and terms used in relation to the enterprise are meant to indicate
forward-looking statements of this kind. The company accepts no obligation
toward the general public to update or correct forward-looking statements.
All forward-looking statements are subject to various risks and
uncertainties, as a result of which actual events may diverge numerically
from expectations. The forward-looking statements reflect the view at the
time they were made.
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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Issuer: SÜSS MicroTec AG
Key word(s): Finance
07.08.2012 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
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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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