DGAP-News: Süss MicroTec AG: Half Year Figures for 2011 Published
(firmenpresse) - DGAP-News: Süss MicroTec AG / Key word(s): Half Year Results
Süss MicroTec AG: Half Year Figures for 2011 Published
04.08.2011 / 08:03
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Half Year Figures for 2011 Published
- Order Intake stayed at last year's high level with EUR 80.4 million
- Sales plus 42% to EUR 84.7 million
- EBIT at EUR 10.6 million after EUR 3.5 million in the prior year
Garching, August 4, 2011 - SUSS MicroTec AG published its report for the
first half year of the fiscal year 2011. When looking at the second quarter
only, sales rose by 40% to 52.7 EUR million, compared to 37.7 EUR million
in the corresponding quarter 2010. Order intake on the other hand decreased
by 37% to 32.1 EUR million compared to the second quarter 2010. The EBIT
increased to 8.1 EUR million compared to EUR 3.5 million in the previous
year.
The figures for the first half year show that the company again experienced
an increase in sales compared to the first half of 2010. SUSS MicroTec
generated sales of EUR 84.7 million, beating the previous year of EUR 59.6
million by approximately 42%. Order entry decreased slightly by 3% year on
year to EUR 80.4 million.
The group's largest division - Lithography - posted a 36% increase in sales
to EUR 52.5 million (previous year: EUR 38.5 million) during the year under
review. The Photomask Equipment division also succeeded in growing its
revenues by more than 230% to EUR 20.7 million (previous year: EUR 6.1
million). The Substrate Bonder division contributed sales of EUR 7.7
million (previous year: EUR 12.1 million).
Earnings before interest and tax (EBIT) of EUR 10.6 million could be
achieved (previous year: EUR 3.5 million). This translates into an
EBIT-margin of 12.5%. The EBIT in H1 2011 was burdened by restructuring
costs of roughly EUR 1.3 million (previous year: EUR 0.9 million) caused by
the relocation of the Bonder product line from Waterbury, VT, USA to
Sternenfels. The adjusted EBIT is EUR 11.9 million, which translates into
an adjusted EBIT-margin of 14.0%. For the remainder of the fiscal year 2011
we expect further restructuring costs of approximately EUR 0.7 million.
Earnings after taxes (EAT) from continuing operations amounted to EUR 8.3
million, compared to EUR 1.1 million in the previous year. The basic
earnings per share (EPS), therefore, totaled EUR 0.44 (previous year: EUR
0.06).
Cash and interest bearing securities amounted to EUR 50.6 million at the
end of the first half year. Net liquidity amounted to EUR 35.5 million
(June 30, 2010: EUR 25.6 million). The Free Cash Flow for the fiscal year,
before security transactions and extraordinary effects as well as M&A
transactions, was EUR -2.5 (previous year: EUR 6.0 Million).
Outlook
The Management Board confirms that it expects sales of more than EUR 170
million for the current fiscal year, 2011. The company also expects the
EBIT-margin to improve compared with the previous year. As of today the
free cash flow is expected to reach a double digit million EUR figure. For
the third quarter of the fiscal year 2011 the company expects an order
intake of EUR 30 to 40 million and sales of approximately EUR 35 - 40
million.
About SUSS MicroTec
SUSS MicroTec (listed on TecDAX of Deutsche Börse AG) is a leading supplier
of equipment and process solutions for microstructuring in the
semiconductor industry and related markets. In close cooperation with
research institutes and industry partners SUSS MicroTec contributes to the
advancement of next-generation technologies such as 3D Integration and
nanoimprint lithography as well as key processes for MEMS and LED
manufacturing. With a global infrastructure for applications and service
SUSS MicroTec supports more than 8,000 installed systems worldwide. SUSS
MicroTec is headquartered in Garching near Munich, Germany. For more
information, please visit http://www.suss.com.
Disclaimer
All statements in this release other than historical facts are
forward-looking statements within the meaning of U.S. Private Securities
Litigation Reform Act of 1995. Words such as 'believe', 'expect', 'intend',
'anticipate', 'estimate', 'should', 'may', 'will', 'plan' and similar words
and terms used in relation to the enterprise are meant to indicate
forward-looking statements of this kind. The company accepts no obligation
toward the general public to update or correct forward-looking statements.
All forward-looking statements are subject to various risks and
uncertainties, as a result of which actual events may diverge numerically
from expectations. The forward-looking statements reflect the view at the
time they were made.
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 Corporate News
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04.08.2011 Dissemination of a Corporate News, 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: DE0007226706
WKN: 722670
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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134391 04.08.2011
Datum: 04.08.2011 - 08:03 Uhr
Sprache: Deutsch
News-ID 41806
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