Ad-hoc | 2 May 2001 08:09
Ad hoc-Service: Singulus Technologies AG
english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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SINGULUS TECHNOLOGIES’ 48.8 Million EURO Order Intake Surpasses Fourth Quarter
2000, Revenues Reach 51.4 Million EURO
SINGULUS TECHNOLOGIES was able to increase its order intake to 48.8 million EURO
in the first quarter 2001 compared to the fourth quarter 2000 (38.4 million
EURO). This coincided with first quarter revenues that were within the range
expected.
In Million Euro…………..Q1 2001……..Q1 2000
Revenues……………………51.4………..54.7
EBIT………………………..9.2………..14.5
Earnings for Period…………..5.9…………7.4
DVFA-SG Earnings per Share……0.16………..0.20
In order to obtain a sound assessment of our order backlog, orders valued at
44.2 million EURO were removed from the backlog. Because customers had defaulted
on progress payments or issuance of letters of credit, it could no longer be
presumed that secured contractual obligations would be fulfilled. The affected
orders were predominantly from Hong Kong and Taiwan.
These actions resulted in an adjusted order intake of 111.2 million EURO at the
end of March 2001 (previous year 250.2 million EURO).
With net earnings of 5.9 million EURO, the company’s profitability remains at a
high level. In light of the fact that our business is not distributed evenly
over the course of the year and traditionally progresses more slowly in the
first quarter than in subsequent periods, order intake and revenues for the new
fiscal year fully conformed to our expectations.
For further information, please contact:
Bernhard Krause, PR and Communications, Phone: +49-6181-990244, FAX: +49-6181-
990243, e-mail: B.Krause@go-metacom.de
end of ad hoc announcement, (c) DGAP 02.05.2001
Issuer’s information/explanation remarks concerning this ad hoc announcement:
Forecast
Our contention that our CD and DVD systems continue to hold a preeminent market
position is corroborated by the observation of markets and competitors. We were
particularly pleased that we were able to book orders in April for 26 CD-R
replication lines valued at 20 million EURO. We consider this to be a clear
indication of a strengthening in our position in the CD-R line market.
Furthermore, we anticipate that leading Asian customers will place important
major orders for our MODULUS and SUNLINE systems for the new rewritable CD and
DVD business sector.
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WKN: 723 890; Index: NEMAX 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
020809 Mai 01