DGAP-News: SINGULUS TECHNOLOGIES Confirms Expected Growth at Annual General Meeting on May 31, 2011
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): AGM/EGM
SINGULUS TECHNOLOGIES Confirms Expected Growth at Annual General
Meeting on May 31, 2011
31.05.2011 / 15:30
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Press Release
SINGULUS TECHNOLOGIES Confirms Expected Growth at Annual General Meeting on
May 31, 2011
- More than 1/3 Sales Growth in 2011
- Positive Earnings Expected for 2nd Quarter
- 9-Months Earnings Cumulated Break Even
- Executive and Supervisory Board will exercise subscription rights
Kahl am Main, May 31, 2011 - Dr.-Ing. Stefan Rinck, Chairman of the
Executive Board of SINGULUS TECHNOLGIES AG has given a positive outlook to
the further development of the company on occasion of the regular Annual
General Meeting.
Dr.-Ing. Stefan Rinck: 'Even though the first quarter 2011 has terminated
with negative earnings before interest and tax of EUR 2.6 million, we
assume that the earnings in the 2. Quarter will be positive and in the 3.
Quarter cumulated Break Even will be achieved.' Dr.-Ing. Rinck continuous:
'SINGULUS relies on the two core business segments and a lean business
model. SINGULUS is market leader in the Optical Disc segment - the business
of the Solar segment will strongly release positive pulses on the business
development of the company.'
Dr.-Ing. Stefan Rinck also has explained the intended capital increase
amongst others. To a major part the proceeds from the capital increased are
intended for the expansion of the business activities in the Solar segment
and for the continuous reduction of financial liabilities and therefore for
strengthening the independence of the company. Executive and Supervisory
board will exercise the subscription rights to the full extent and
additionally subscribe more shares if available.
The offer of the shares of SINGULUS TECHNOLOGIES AG is not a public
offering. The new shares will solely be offered to the SINGULUS
TECHNOLOGIES AG's existing shareholders. The subscription price for the new
SINGULUS shares is EUR 3.30.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 16096090279
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20
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.deISIN: 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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126995 31.05.2011
Datum: 31.05.2011 - 15:30 Uhr
Sprache: Deutsch
News-ID 34282
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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