DGAP-News: SINGULUS TECHNOLOGIES AG announces preliminary figures for 2010
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Preliminary Results
SINGULUS TECHNOLOGIES AG announces preliminary figures for 2010
03.02.2011 / 07:40
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Press Information
SINGULUS TECHNOLOGIES AG announces preliminary figures for 2010
- Revenue slightly up on previous year
- Key figures for year influenced by restructuring and balance sheet
adjustments
- Orders received around 56 % up on previous year
- Cost base improving
- Substantial rise in Blu-ray sales
- Solar area gaining momentum
Kahl am Main, February 03, 2011 - According to preliminary figures the
SINGULUS TECHNOLOGIES Group (SINGULUS) achieved revenue of approx. EUR
118.5 million (2009: EUR 116.6 million), in the financial year 2010, which
lies within the range of its own forecast. Despite the disposal of Hamatech
APE in January 2010 and the resulting deconsolidation, revenue for the
group is up on the previous year. Earnings before interest and taxes (EBIT)
for 2010 are negatively affected by the expenditure for balance sheet
adjustments announced in October. Orders received for the financial year
2010 reached EUR 127.2 million well up on the figure for the previous year
(EUR 81.1 million). The volume of orders in hand at December 31, 2010 of
EUR 35.9 million was slightly up on the prior-year figure.
Although the consequences of the global economic crisis continued to have a
marked impact in 2010, SINGULUS TECHNOLGIES is able to report a welcome
rise in project business in the two segments Optical Disc and Solar.
In the Optical Disc segment, SINGULUS TECHNOLOGIES is the only company in
the world supplying the entire product range of Blu-ray systems, and
expects to see strong growth for Blu-ray over the next few years. Excellent
products with strong USPs form the basis for a profitable Optical Disc
segment.
In the Solar segment, SINGULUS production technology for crystalline and
thin-film solar cells will gain further ground. Negotiations are under way
on numerous projects for both individual machines and complete systems, and
in many cases are nearing their conclusion. The Management Board is
confident that it will be able to expand its business activities in the
solar segment as planned, so that this area becomes a regular source of
profit for the group. It is the declared aim of the company to see further
grow in the Solar segment and reach break-even in 2011.
SINGULUS TECHNOLOGIES is convinced that its two core business area and lean
business model is the key to future success. In the Optical Disc segment,
SINGULUS is the market leader; meanwhile business for the solar segment
will provide a clear, positive stimulus for the company's progress. The
underlying economic situation has developed positively and is conducive to
a good business performance.
SINGULUS TECHNOLOGIES is excellently equipped for the future and has every
prospect of returning to a phase of clear profitability. The Management
Board expects SINGULUS TECHNOLOGIES to achieve the targets it has set
itself for 2011.
SINGULUS will be publishing the full report on the 2010 financial year on
March 31, 2011.
Contact:
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
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, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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110979 03.02.2011
Datum: 03.02.2011 - 07:40 Uhr
Sprache: Deutsch
News-ID 33127
Anzahl Zeichen: 0
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Kategorie:
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