Ad-hoc | 6 October 2006 00:02
SINGULUS TECHNOLOGIES Successfully Concludes the First Step of the Portfolio Optimization
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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• Böhm Fertigungstechnik acquires 51 % of the Slovakian subsidiary from the
HamaTech AG
Kahl am Main, October 06, 2006 – The scope of consolidation of the SINGULUS
TECHNOLOGIES Group (SINGULUS) will change from October 1, 2006, since the
HamaTech AG (HamaTech) sold 51 % of the shares of its Slovakian subsidiary
in Nové Mesto. With effect from October 1, 2006, Böhm Fertigungstechnik
Suhl GmbH (BFT) will acquire the majority of the shares from HamaTech at a
price of € 1.9 million. In addition, BFT will assume the shareholder loans
from SINGULUS and HamaTech step by step.
Due to the disposal of 51 % of the shares and the transfer of the corporate
management to BFT in the 4th quarter 2006, the Slovakian company will no
longer contribute to sales and earnings of the SINGULUS TECHNOLOGIES Group.
Accordingly, the projected consolidated sales of SINGULUS for the business
year 2006 have to be adjusted to a range from € 255 to 275 million. This
reflects a sales forecast for the Slovakian company in the amount of € 25
million in the 4th quarter 2006. In addition, we confirm our assessment
that the Group will achieve a positive EBIT in 2006. Since the divisions
ETA-Optik and the photo masking activities (APE) are also to be sold, the
sales forecast for 2006 could once again change due to potential further
disposals.
With this step SINGULUS has sold its first non-core segment. However,
SINGULUS continues to be the owner of the land and buildings in Slovakia.
BFT is a company with many years of experience in subcontracting and
pre-assembly production. SINGULUS is looking forward to a good cooperation
and is convinced to be able to further expand the location in Slovakia
together with BFT.
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) 6188 440 106
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Information and Explaination of the Issuer to this News:
Company profile SINGULUS TECHNOLOGIES
With a consistent focus on its core competencies, since the management
buyout SINGULUS TECHNOLOGIES has transformed itself into the global leader
of systems and equipment for optical storage media within a time span of
ten years. Operating and acting according to the principles of
profitability always remained in the spotlight. SINGULUS TECHNOLOGIES is
the only equipment producer in the world offering the entire value-added
chain for the manufacturing of optical disc: the products range from
mastering and injection molding to replication lines. With the set-up of a
high degree of the depth of the value-added chain, SINGULUS TECHNOLOGIES
was successful in broadening the range of products offered to customers in
the past couple of years. Therefore, the positioning of SINGULUS
TECHNOLOGIES in the optical disc segment is one of kind in the world.
SINGULUS TECHNOLOGIES’ declared goal is to integrate the new
formats HD DVD and Blu-ray into this structure as well. With the
acquisition of STEAG HamaTech in January 2006, SINGULUS TECHNOLOGIES is
also excellently positioned worldwide in the future for machines for
recordable formats.
SINGULUS TECHNOLOGIES still considers the market for machines
to produce optical disc as its core competence. In addition, new business
areas are intended to contribute to sales and earnings in
the future.
SINGULUS TECHNOLOGIES – Smart Solutions to Drive the Future
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440 612
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6188 440 106
(c)DGAP 06.10.2006
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Language: English
Issuer: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main Deutschland
Phone: +49 (0)6188 440-105
Fax: +49 (0)6188 440-110
E-mail: maren.schuster@singulus.de
WWW: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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