DGAP-News: SINGULUS TECHNOLOGIES AG: Blu-ray Continues To Grow
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Market Report
SINGULUS TECHNOLOGIES AG: Blu-ray Continues To Grow
25.11.2011 / 07:45
---------------------------------------------------------------------
Blu-ray Continues To Grow
* Sales of Blu-ray discs grow with double-digit rates in the 3rd quarter as
well
* Blu-ray players in the US below $ 40
* Still strong demand for production machines
* SINGULUS' full-year forecast reaffirmed
Kahl am Main, November 24, 2011 - According to the Digital Entertainment
Group (DEG), US, sales of Blu-ray discs in the US grew substantially by
58 % in the 3rd quarter 2011 compared with the same quarter one year ago.
The number of households equipped with Blu-ray players increased by another
52 % year-over-year to 33.5 million households according to DEG. For the
first time since 2008 also total sales in the home entertainment segment
rose by 5 %.
It is expected that the 'Black Friday' and the upcoming Christmas
activities will result in an additional boost in sales. During this year's
Black Friday on November 25 Blu-ray players will already be offered below
US$ 40. Several special offers for blockbusters on Blu-ray disc and new
releases in the coming months suggest a further rise in demand. The new
releases of successful box office hits of diverse genres such as 'Lion
King', 'Titanic' and 'Star Wars: Episode I' in 3D are only the beginning.
In addition to numerous new movies, which will be released on Blu-ray,
'Lord of the Rings' and the announced sequel of 'Avatar' will further
increase the demand for physical storage media in the next couple of years.
The SINGULUS TECHNOLOGIES AG (SINGULUS) feels this favorable market trend.
Consequently, new orders for Blu-ray production machines are expected for
the 4th quarter and additional project talks are being held with disc
manufacturers. Therefore, SINGULUS has reached its goals for Blu-ray for
2011 to a large extent and also expects a favorable development in 2012.
Outlook reaffirmed
The Executive Board reaffirms the sales forecast for 2011. SINGULUS already
generated sales of EUR 121.8 million (+50.4 %) in the first nine months of
the current business year and therefore already exceeded the total sales in
2010 of EUR 120.1 million. In the first nine months of 2011 the operating
result (EBIT) amounted to EUR 6.3 million compared with EUR -13.1 million
in the previous year. For 2011, sales topping EUR 160 million are projected
as well as a positive 4th quarter.
Background:
SINGULUS TECHNOLOGIES continues to expand its activities in the segments
Solar and Optical Disc. The goal is to attain a leading position in the
silicon and thin-film solar technology as a machine supplier as well as a
development partner for new cell concepts and to further extend the
technologic leadership in the Optical Disc segment. In the past couple of
months SINGULUS has noticed increased activities in the area of MRAM memory
by large semiconductor companies. SINGULUS expects that the development of
MRAM memory will be further progressing. SINGULUS' vacuum coating machine
TIMARIS is already being utilized by customers to develop MRAM wafers.
SINGULUS considers itself to be in an exceptional starting position for the
upcoming growth market of MRAM memory. In addition, the company reviews
other sectors and work areas, where new market segments can be developed on
the basis of the present know-how in the area ofvacuum coating.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440612
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 1709202924
End of Corporate News
---------------------------------------------------------------------
25.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
147646 25.11.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Maya Gold & Silver: Renewal of the five permits of the Amizmiz project, Morocco">
" alt="Corex Mobilizes Rig and Commences Drill Program on Santana Property">
Datum: 25.11.2011 - 07:45 Uhr
Sprache: Deutsch
News-ID 91038
Anzahl Zeichen: 6170
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 266 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: SINGULUS TECHNOLOGIES AG: Blu-ray Continues To Grow"
steht unter der journalistisch-redaktionellen Verantwortung von
SINGULUS TECHNOLOGIES AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
