SÜSS MicroTec AG: Preliminary Figures for 2012 Fiscal Year Published
(firmenpresse) - (DGAP-Media / 14.02.2013 / 07:42)
Preliminary Figures for 2012 Fiscal Year Published
- Q4 Order Intake of EUR 40.2 million above guidance
- Strong sales in Q4 of EUR 55.6 million
- Full year sales reach EUR 163.8 million
- EBIT with EUR 11.7 million above guidance
Garching, February 14, 2013 - SUSS MicroTec, a leading supplier of
equipment and process solutions for the semiconductor and related markets,
publishes its preliminary figures for the 2012 fiscal year today.
The high-tech company generated sales of EUR 163.8 million (previous year:
EUR 175.4 million) in the last fiscal year. It also recorded an order entry
of EUR 157.2 million (previous year: EUR 143.1 million). The order backlog
amounted to EUR 86.5 million (12/31/2011: EUR 83.7 million). Earnings
before interest and tax (EBIT) came in at EUR 11.7 million (previous year:
EUR 18.6 million), which is above the guidance. The EBIT for 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. It was influenced by the higher share of
Substrate Bonder sales and the negative margin impact from Tamarack. The
EBIT-Margin for 2012 reached 7.1% (previous year: 10.6%).
The fourth quarter was extraordinarily good. Order entry came in at EUR
40.2 million and was slightly above the upper end of the guidance. Sales of
EUR 55.6 million were very strong and well ahead of the previous year (EUR
44.8 million). Due to the high sales level the EBIT reached EUR 8.6 million
after EUR 3.9 million in the previous year, which translates into an
EBIT-Margin of 15.5% after 8.7% in Q4 2011. The EBIT of the fourth quarter
includes a one off effect of EUR 1.8 million, resulting from an adjustment
of the purchase price allocation for Tamarack and a revaluation of the
provision for the earn-out component. Without this effect the EBIT for Q4
2012 would have been EUR 6.8 million.
Cash and interest bearing securities amounted to EUR 36.6 million at the
end of the fiscal year 2012. Net liquidity declined from EUR 42.0 to EUR
32.3 million on December 31, 2012 million, mainly due to the acquisition of
Tamarack. The Free Cash Flow for the fiscal year, before security
transactions and extraordinary effects as well as M&A transactions, was EUR
- 4.5 million, compared to EUR 3.5 million in the previous year.
Taking the order backlog at year end 2012 and the moderate outlook of the
semiconductor equipment industry for 2013 into account, the Management
Board expects sales of around EUR 150 million for the current fiscal year.
Due to an expected change in product mix in favor of Bonders and Scanners,
which currently still have low gross margins, the EBIT is expected to reach
a low single digit million EUR amount in fiscal 2013.
The final key figures for the 2012 fiscal year - which may deviate from
those given above - will be published on March 28, 2013.
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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Issuer: SÜSS MicroTec AG
Key word(s): Finance
14.02.2013 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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