SÜSS MicroTec AG: Q3 Figures for 2011 Published
(firmenpresse) - SÜSS MicroTec AG / Key word(s): Finance/
SÜSS MicroTec AG: Q3 Figures for 2011 Published
DGAP-Media / 08.11.2011 / 07:56
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PRESS RELEASE
Q3 Figures for 2011 Published
- Order Intake with 38.2 EUR million at upper end of guidance
- Sales of 45.9 EUR million significantly above guidance
- EBIT at 4.1 EUR million
- Net cash position increased to 40.1 EUR million
Garching, GERMANY, November 8 2011 - SUSS MicroTec, a global supplier of
equipment and process solutions for the semiconductor industry and related
markets, published its report for the third quarter of the fiscal year 2011
today. When looking at the third quarter only, order intake decreased by
33% to 38.2 EUR million compared to the third quarter 2010 (Q3 2010: 56.9
EUR million), but increased sequentially by 19%. Sales increased by 24% to
45.9 EUR million, compared to 37.0 EUR million in the corresponding quarter
2010. The EBIT decreased by 18% in the third quarter to 4.1 EUR million
compared to EUR 5.0 million in the previous year. It was influenced by the
delivery of low margin - but strategically important - tools to customers
for their evaluation. Additionally our research and development costs have
increased significantly in the third quarter, but we see this temporary
cost increase as a necessary investment into innovative process solutions
and technologies.
The figures for the first nine month of the year show that the company
again experienced a relatively strong level of sales compared to the first
nine month of 2010. SUSS MicroTec generated sales of 130.6 EUR million,
beating the previous year of 96.6 EUR million by approximately 35%. Order
entry decreased, as expected, by 15% year on year to 118.6 EUR million.
This leads to an order backlog of 103.5 EUR million as of September 30,
2011 (September 30, 2010: 108.0 EUR million).
The group's largest division - Lithography - posted a 28% increase in sales
to 84.4EUR million (previous year: 65.7 EUR million) during the year under
review. The Photomask Equipment division also succeeded in growing its
revenues by more than 260% to 25.8 EUR million (previous year: 7.1 EUR
million). The Substrate Bonder division contributed sales of 14.8 EUR
million (previous year: 19.0 EUR million), a decrease by 22%.
Earnings before interest and tax (EBIT) of 14.7 EUR million could be
achieved (previous year: 8.4 EUR million). This translates into an
EBIT-margin of 11.3%. The EBIT in 9M 2011 was burdened by restructuring
costs of roughly 1.4 EUR million caused by the relocation of the Bonder
product line from Waterbury, VT, USA to Sternenfels. In the first nine
months of 2010 the special effects amounted to EUR minus 0.2 Million,
consisting of a negative goodwill of 2.7 EUR million and restructuring
costs of 2.5 EUR million. The adjusted EBIT is 16.1 EUR million, which
translates into an adjusted EBIT-margin of 12.3%. For the remainder of the
fiscal year 2011 we expect no further restructuring costs. Earnings after
taxes (EAT) from continuing operations amounted to 11.2 EUR million,
compared to 3.6 EUR million in the previous year. The basic earnings per
share (EPS), therefore, totaled 0.59 EUR (previous year: 0.19 EUR).
Cash and interest bearing securities amounted to 54.7 EUR million at the
end of the first nine month year (September 30, 2010: 39.2 EUR million).
Net liquidity amounted to 40.1 EUR million (September 30, 2010: 23.5 EUR
million). The Free Cash Flow for the fiscal year, before security
transactions and extraordinary effects as well as M&A transactions, was 2.0
EUR (previous year: 3.8 EUR 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 can reach a double digit million EUR figure. For the fourth
quarter of the fiscal year 2011 the company expects according to our
guidance an order intake of EUR 30 to 40 million and sales of approximately
EUR 40 - 45 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.
Legal 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 Media Release
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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: DE000A1K0235
WKN: A1K023
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP-Media
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