SÜSS MicroTec AG: Quarterly Figures for 2013 Published
(firmenpresse) - (DGAP-Media / 08.05.2013 / 07:30)
Quarterly Figures for 2013 Published
- Order Intake with EUR 34.9 million on upper end of guidance
- Sales of EUR 30,1 million
- Book-to-Bill ratio of 1.16
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 2013 today.
Order intake in the first three months 2013 developed positively and came
in at EUR 34.9 million, which is at the upper end of our guidance of EUR 25
- 35 million (previous year: EUR 39.0 million). Sales amounted to EUR 30.1
million, which is 3.5 percent below the previous year's level of EUR 31.2
million. The Order backlog amounted to EUR 91.5 million (previous year: EUR
99.8 million).
The Lithography segment posted a 13 percent decrease in sales to EUR 18.6
million (previous year: EUR 21.5 million) during the quarter under review.
Sales in the Substrate Bonder division declined from EUR 4.3 million in Q1
2012 to EUR 3.1 million in Q1 2013. The Photomask Equipment division
recorded higher sales of EUR 7.5 million, after EUR 4.5 million in Q1 2012.
Earnings before interest and tax (EBIT) came in at EUR -3.3 million
(previous year: EUR -0.04 million). Earnings after taxes (EAT) for
continued operations amounted to EUR -2.5 million, compared to EUR -0.2
million in the previous year. Earnings after taxes for the continued and
discontinued operations amounted to EUR -2.5 million, the EAT of 2012
reached EUR 1.3 million and includes 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) totaled EUR - 0.13 (previous year: EUR 0.07).
The management board of SUSS MicroTec has decided to focus permanent
bonding on MEMS and LED applications to address the unsatisfying earnings
level of this product line. With this step SUSS MicroTec takes into account
the technological advancement of the product portfolio and the market
developments of the recent years. In connection with these measures a
non-cash adjustment of EUR 6.8 million in the second quarter 2013 will be
necessary. The write-offs are on capitalized development costs, which
originate from the years prior to 2008, as well as on no longer needed
demonstration tools and inventories. The future growth of the Substrate
Bonder division will mainly be driven by the product line Temporary Bonding
which has been successfully established in the market. The sales
contribution of the Permanent Bonding product line will for the time being
remain at the level of the previous year. With these changes the Substrate
Bonder division of SUSS MicroTec is well positioned to benefit from the
expected growth in the target markets 3D IC, MEMS and LED in the years to
come.
Cash and interest bearing securities amounted to EUR 29.3 million at the
end of the first quarter. Net liquidity amounted to EUR 25.1 million (March
31, 2012: EUR 38.5 million). The free cash flow for the first quarter 2013,
before effects of M&A activities and the purchase or sale of interest
bearing securities, amounted to EUR -7.2 million (previous year's quarter:
EUR 0.3 Million).
Outlook
Management reiterates the sales guidance of approximately EUR 150 million
for the fiscal year 2013. Due to the write-offs, SUSS MicroTec now expects
a negative EBIT in the mid-to-high single digit million Euro range for the
fiscal year 2013. For the second quarter of the fiscal year 2013 the
company expects orders to come in between EUR 30 - 40 million.
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): Enterprise
08.05.2013 Dissemination of a Press Release, transmitted by DGAP - a
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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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