DGAP-News: SINGULUS TECHNOLOGIES AG announces Figures for 2010
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Final Results
SINGULUS TECHNOLOGIES AG announces Figures for 2010
31.03.2011 / 07:45
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Press Release
SINGULUS TECHNOLOGIES AG announces Figures for 2010
- Orders intake 56 % up compared to previous year
- Sales slightly above previous year's level despite disposal
- Key figures for year influenced by restructuring and balance sheet
adjustments
- Substantial rise in Blu-ray sales
- Solar area gaining momentum
Kahl am Main, March, 31 2011 - SINGULUS TECHNOLOGIES Group (SINGULUS)
achieved revenue of EUR 120.1 million (2009: EUR 116.6 million), in the
financial year 2010. Despite the disposal of Hamatech APE in January 2010
and the resulting deconsolidation, revenue for the group is up on the
previous year.
In the Optical Disc segment sales increased by EUR 20.0 million compared
with the previous year's level and totaled EUR 88.7 million as of the end
of the period under review. Within the Solar division sales in the amount
of EUR 25.5 million (2009: EUR 36.0 million), were realized, which means a
decline by EUR 10.5 million compared with the previous year. In the
Semiconductor division we realized sales of EUR 5.9 million as of the end
of the year under review. The order intake came to EUR 128.2 million in the
year under review (previous year: EUR 81.1 million) and was 58.1 % above
previous year's level. The order backlog at the end of the year 2010
amounted to EUR 35.5 million and was therefore around previous year's level
(previous year: EUR 34.7 million).
The earnings before interest and taxes (EBIT) were negative at EUR -80.2
million (previous year: EUR -73.3 million). Adjusted for restructuring and
impairment expenses totaling EUR 53.0 million an EBIT in the amount of EUR
-27.2 million resulted (previous year: EUR -40.4 million). In addition, the
operating result in the year under review was burdened by one-off charges
in the amount of EUR 14.3 million.
The financial result was negative at EUR -4.7 million and therefore
improved by EUR 1.4 million compared with the previous year (previous year:
EUR -6.1 million). The net profit for the full year was negative at EUR
-77.9 million and thus mainly characterized by one-off expenses in the
period under review (previous year: EUR -78.9 million). Excluding
restructuring and impairment charges a negative result in the amount of EUR
-27.2 million was incurred (previous year: EUR -40.4 million). In the year
under review the cash flow from operating activities was negative at EUR
6.9 million. In the prior-year period the operating cash flow was positive
at EUR 0.2 million. Liquid funds amounted to EUR 12.3 million as of
December 31.
At the end of 2010 the SINGULUS TECHNOLOGIES Group employed 459 people in
total (previous year: 572 employees, reduction due to the Deinvestment of
HamaTech APE).
Outlook
SINGULUS TECHNOLOGIES is very well positioned for the future and has good
chances to return to a stage of stable earnings again. We are convinced
that we will be able to achieve our targets for the year 2011. The internal
prerequisites have been implemented, the external economic conditions have
developed favorably and provide a solid foundation.
Optical Disc
In its 'Blu-ray Disc Replication Report' in November 2010 the market
research institute Futuresource Consulting announced that the global
Blu-ray production increased sharply by 60 % compared with the year 2009.
The required production capacity for the manufacturing of Blu-ray Discs is
set to nearly triple and to amount to more than 3.0 billion discs. In the
Optical Disc segment SINGULUS TECHNOLOGIES is the only one-stop provider
globally as well as the global market for Blu-ray machines and expects
strong growth in this area in the coming years. Excellent products, a
unique market position and top service performance form the basis for a
profitable Optical Disc segment for our company. We expect this trend to
continue in 2012 as well.
Solar
The study of the Sarasin bank concludes that the demand for solar energy
has been relatively crisis-resistant in the past two years. The
photovoltaics (PV) industry achieved a growth rate of 87 % or 13.8 GW of
new installed PV output. Globally EUR 28 billion were invested. In 2010 the
worldwide output of solar-generated electricity exceeded 30 GW. In the
period from 2009 to 2015 global installations are forecasted to increase by
33 % per year on average. In particular the markets in China (+77 %) and
the US (+70 %) are rising sharply. For Europe a growth of around 16 % per
year is projected. Bank Sarasin expects an increase to 116 GW in total by
2020.
In the Solar segment SINGULUS TECHNOLOGIES will continue to further assert
itself in the field of production technology for crystalline and thin-film
solar cells. Several projects for individual and complete systems are
currently in negotiations and indicate respective order intake in 2011. The
Executive Board is confident that the company will succeed in expanding the
business activities in the Solar division as planned, so that this segment
will contribute sustainably to the Group's results. Therefore, we already
project our Solar segment to break-even in 2011.
The first large orders for Optical Disc and Solar already are booked in the
first quarter. SINGULUS TECHNOLOGIES expects for the fiscal 2011 to
break-even for the group as well.
Key figures
2009 2011Contact:
Sales Mio. EUR 116.6 120.1
Order intake Mio. EUR 81.1 128.2
Order backlog Mio. EUR 34.7 35.5
EBIT Mio. EUR -73.2 -80.2
EBIT adjusted Mio. EUR -40.4 -27.2
Earnings before taxes Mio. EUR -79.4 -84.9
Net profit Mio. EUR -78.8 -77.9
Operating-Cashflow Mio. EUR 0.2 -6.9
Equity Mio. EUR 165.7 106,2
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 440-110E-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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117744 31.03.2011Unternehmensinformation / Kurzprofil:
Datum: 31.03.2011 - 07:45 Uhr
Sprache: Deutsch
News-ID 33657
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