DGAP-News: SINGULUS TECHNOLOGIES reports figures for the first half year of 2010
(firmenpresse) - SINGULUS TECHNOLOGIES AG / Half Year Results
03.08.2010 07:45
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Press Release
SINGULUS TECHNOLOGIES reports figures for the first half year of 2010
- Order intake increased by 65 % compared to prior year period
- EBIT with EUR -8.0 million (previous year: EUR -10.6 million) still
negative
- First front-end system for silicon solar cells accepted
- Additional SINGULAR systems to be delivered
- STANGL's patented TENUIS CIS technology globally leading
- Market introduction of SOLARE production lines commences
- Order intake for Blu-ray systems in July from four continents
- New order for CRYSTALLINE mastering system
Kahl am Main, August 03, 2010 - During the first six months of the business
year 2010 the SINGULUS TECHNOLOGIES AG (SINGULUS) achieved an order intake
of EUR 67.4 million (previous year: EUR 40.8 million), which means an
increase of 65.2 % compared with the 1st half of 2009. The order intake in
the 2nd quarter was also slightly above the level in the comparable period
in 2009. As of June 30, 2010 the order backlog totaled EUR 45.5 million,
which is slightly above the EUR 43.9 million realized in the same period in
2009. Sales in the first six months in 2010 came to EUR 49.3 million, still
below the prior-year level of EUR 67.1 million. This decline is a result of
lower sales in the Semiconductor division due to the disposal of the
HamaTech APE GmbH&Co. KG, Sternenfels ('APE') as well as lower sales in
the Solar segment. Overall, this also had an impact on the EBIT which is
negative in the 1st quarter with EUR -8.0 million (previous year: EUR -10.6
million). In the quarter under review the EBIT amounted to EUR -2.5 million
(previous year: EUR -5.7 million).The business performance to date in the
Optical Disc segment could not compensate the so far weak sales and the
results of the Solar segment.
The number of employees in the SINGULUS Group declined from 608 employees
as of June 30, 2009 to 470 employees as of June 30, 2010. This decrease is
mainly due to the disposal of APE as well as the reduction of the headcount
in the course of the restructuring program in the 3rd quarter 2009.
Outlook
In the Solar segment SINGULUS was able to further develop several solar
projects in the past couple of weeks and months so that the portfolio of
offered projects in the Solar division has become of considerable volume.
This level of projects is expected to enable the company to book additional
Solar orders in the near future.
In the meantime, SINGULUS was able to realize the first installation of a
front-end system for the manufacturing of silicon solar cells. The company
is in talks with additional prospective buyers for this machine, has
presented respective offers and expects to make significant progress in the
future. In the thin-film solar technology SINGULUS is in active project
talks for wet-chemical plants, diffusion furnaces and ILGAR technologies.
The business development in the Optical Disc division is within
expectations and nearly unchallenged by impacts from competitors. In the
freely-accessible Blu-ray market SINGULUS has achieved a market share of
more than 90 % in the meantime. In the end SINGULUS is only dependent on
the innovation activities as well as the success of Hollywood and the
growth rate of the Blu-ray Disc. Market figures make SINGULUS rather
confident for the next couple of years.
The coming weeks will be decisive for the further course of the business
year 2010 and impact the key figures for sales and earnings
correspondingly. Although for the time being SINGULUS is trailing the
forecasts for the business year, the company still sees the possibility to
reach the targets for 2010.
Consolidated key figures 2nd quarters 2009-2010 pursuant to IFRS
2009 2010Consolidated key figures 1st half 2009-2010 pursuant to IFRS
Sales million EUR 31.7 27.8
Order intake million EUR 23.4 27.6
EBITDA million EUR -0.6 1.9
EBIT million EUR -5.7 -2.5
Earnings before taxes million EUR -7.0 -3.5
Net profit million EUR -7.8 -2.2
R+D expenses million EUR 2.5 2.1
2009 2010SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
Sales million EUR 67.1 49.3
Order intake million EUR 40.8 67.4
Order backlog (June 30) million EUR 43.9 45.5
EBITDA million EUR -0.4 0.9
EBIT million EUR -10.6 -8.0
Earnings before taxes million EUR -12.9 -10.3
Net profit million EUR -13.9 -7.9
Employees (June 30) 608 470
Earnings per share, basic EUR -0.38 -0.20
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Maren Schuster, Head of Investor Relations, Tel.: + 49 (0) 6188 440 612
Bernhard Krause, Unternehmenssprecher, Tel.: + 49 (0) 1709202924
03.08.2010 07:45 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
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, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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