DGAP-News: SINGULUS TECHNOLOGIES AG: SINGULUS TECHNOLOGIES Reports Results for the 1st Half of 2011
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Half Year Results
SINGULUS TECHNOLOGIES AG: SINGULUS TECHNOLOGIES Reports Results for
the 1st Half of 2011
10.08.2011 / 07:30
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Presse Release
SINGULUS TECHNOLOGIES Reports Results for the 1st Half of 2011
* Sales for the 1st half of 2011 above prior-year level (+31.0 %)
* New order intake rises 70.6 % to EUR 115.0 million (1st half 2010:
EUR 67.4 million)
* Positive EBIT in the 2nd quarter
* Order backlog increases to EUR 85.9 million
* Full-year forecast of 33 % sales increase compared with 2010 and positive
earnings reaffirmed
Kahl am Main, August 10, 2011. The order intake of the SINGULUS
TECHNOLOGIES Group (SINGULUS) has significantly increased in the 1st half
of the business year 2011. A total order intake of EUR 115.0 million
(previous year: EUR 67.4 million) has been recognized. This corresponds to
an increase of 70.6 % compared with the same period one year ago.
Furthermore, the order intake in the 2nd quarter was substantially higher
than in the prior-year quarter in 2010. The order backlog as of June 30,
2011 amounted to EUR 85.9 million, nearly twice the level of last year
(previous year: EUR 45.5 million).
Sales in the first six months in 2011 came to EUR 64.6 million,
substantially higher than the prior-year level of EUR 49.3 million. This
corresponds to a percental increase of around 31.0 %. In the 2nd quarter
sales amounted to EUR 44.8 million (previous year: EUR 27.8 million). In
the 1st half-year 2011 earnings before interest and taxes (EBIT) were
within expectations and amounted to EUR -0.2 million (previous year: EUR
-8.0 million). In the quarter under review a positive EBIT of EUR 2.3
million was realized (previous year: EUR -2.5 million).
In the 1st half of 2011 the operating cash flow of the Group of EUR 7.5
million was positive and thus substantially higher than the prior-year
level (previous year: EUR -11.6 million). In the 1st half of 2011 bank
loans in the amount of EUR 17.8 million were reduced, in contrast the
company received EUR 25.2 million from the capital increase.
The number of employees in the SINGULUS Group declined slightly from 470
employees as of June 30, 2010 to 463 employees as of June 30, 2011. During
the period under review 463 employees were employed on average in the group
of companies (previous year: 506 employees).
Optical Disc-Segment with Blu-ray significantly above previous year
SINGULUS was able to realize the sales of a larger number of BLULINE II
machines in the first half of the year. Long-time customers have continued
to invest substantially in the production of Blu-ray discs. Accordingly,
SINGULUS' positive growth expectations for the Blu-ray disc market are
confirmed.
Business trends and market development Solar
Overall the solar market exhibits a slow-down in growth particularly for
silicon solar cells due to the decline in demand in Europe and the
resulting excess capacities. In general, a market recovery is currently
expected from 2012 onwards. Projects for thin-film solar technology have a
longer development and planning period and are less affected by this
slow-down.
SINGULUS is still in negotiations regarding major projects for the areas
silicon and thin-film solar technology. However, up to date they have not
been concluded.
However, up tonow several successful contracts and cooperation agreements
have been concluded this year in addition to the major order in the 1st
quarter. SINGULUS is establishing itself as a partner for the photovoltaics
industry for the development of new, highly-efficient cell concepts and new
production processes, which enable a significant increase in performance as
well as cost reductions.
Outlook
The Executive Board confirms its sales forecast of more than EUR 160
million published on May 26, 2011. Following three years with negative
earnings, the company is expected to post a positive result for the
full-year 2011.
SINGULUS TECHNOLOGIES relies on its two core business areas and a lean
business model. For Optical Disc SINGULUS is market leader in the growth
segment Blu-ray. Despite a short-term cooling, the activities in the Solar
division will continue to have a positive impact on the business
development of the company in the long-term. Accordingly, SINGULUS
TECHNOLOGIES is very well positioned for the future.
SINGULUS Key Figures (IFRS unaudited)
1st Half 2010 2011
Revenue (gross) in million EUR 49.3 64.6
Order intake in million EUR 67.4 115.0
Order backlog (June 30) in million EUR 45.5 85.9
EBIT in million EUR -8.0 -0.2
EBITDA in million EUR 0.9 5.4
Earnings before taxes in million EUR -10.2 -1.6
Profit/loss for the period in million EUR -7.9 -2.7
Employees (June 30) 470 463
Earnings per share, basic EUR -0.20 -0.06
2nd Quarter 2010 2011
Revenue (gross) in million EUR 27.8 44.8
Order intake in million EUR 27.6 49.1
EBIT in million EUR -2.5 2.3
EBITDA in million EUR 1.9 5.2
Earnings before taxes in million EUR -3.5 1.5
Profit/loss for the period in million EUR -2.2 1.1
Research&development expenditures in million EUR 2.1 2.3
Earnings per share, basic EUR -0.05 0.03
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
Germany
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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135016 10.08.2011
Datum: 10.08.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 44287
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