Corporate | 1 August 2007 07:40
SINGULUS TECHNOLOGIES AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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Press release
SINGULUS TECHNOLOGIES Reports Positive Results for the 1st Half of 2007
- HamaTech with a positive operating result for the first time in Q2
- Gross margin improved compared with previous year
- New work areas contribute to sales and earnings
- New CrystalLine mastering system successfully launched, several
machines sold
- SINGULUS acquires solar technology company
Kahl am Main, August 1, 2007 - The SINGULUS TECHNOLOGIES AG (SINGULUS),
Kahl, reports sales of € 62.5 million for the 2nd quarter 2007 slightly
below previous year’s level (€ 67.6 million). Compared with the adjusted
figures for 2006 (SESS and ETA = € 8.4 million), the sales of € 112.3
million in the 1st half of 2007 were even higher (previous year: € 116.5
million).
The earnings before interest and taxes (EBIT) were slightly positive at €
0.5 million in the 2nd quarter (previous year: € -1.8 million). For the 1st
half of 2007 SINGULUS achieved a positive EBIT in the amount of € 0.7
million (previous year: € 5.2 million). However, the earnings before
interest and taxes in the previous year included extraordinary effects in
connection with the first time consolidation of HamaTech. Adjusted for this
extraordinary effect the operating earnings situation was significantly
improved in particular due to the implemented cost reduction programs in
the past two years. The earnings after taxes came in at € 0.1 million in
the 2nd quarter 2007, which was above previous year’s level (€ -2.4
million). Compared with the previous year the earnings after taxes in the
1st half of 2007 declined by € 6.4 million to € 0.9 million.
Two firm orders were booked for the mastering system CrystalLine presented
at the MediaTech. The signing of additional orders is expected shortly. In
addition, SINGULUS’ new work areas Photo Masks and Nano Deposition
Technologies made positive contributions to sales and earnings. Additional
orders were received for the eyeglass coating machine OPTICUS.
Outlook and Strategy
The acquisition of the STANGL Semiconductor Equipment AG, Eichenau, is a
first very important step on the way to new, interesting markets with large
growth potential. STANGL is the first acquisition beyond the traditional
work area of optical disc equipment.
Due to the continuing sustained demand in our core activities Optical Disc
we realigned our targets and regard the diversification as our most
important goal from a strategic point of view and the greatest challenge
for our company in the coming years. We are currently realizing these
targets.
We will postpone the guidance for our financial results for the full year
2007 to the beginning of October. By then, the point of time, from when the
new subsidiary will be consolidated, will also have been decided.
SINGULUS will consistently follow its path of expansion in the next couple
of months. By means of own development of new work areas and a clear
acquisition strategy we will bring our company back to its growth path and
generate increasing sales and earnings contributions.
Consolidated key figures 2nd quarters 2005-2007 pursuant to IFRS
2005 2006 2007
Sales in mn. € 48.7 67.6 62.5
Order intake in mn. € 78.7 86.8 48.1
EBIT in mn. € 0.2 -1.8 0.5
Earnings before taxes in mn. € 0.6 -1.4 0.7
Net profit in mn. € 0.5 -2.4 0.1
R & D in mn. € 3.8 7.5 5.6
Consolidated key figures 1st half 2005-2007 pursuant to IFRS
2005 2006 2007
Sales in mn. € 99.1 116.5 112.3
Order intake in mn. € 113.0 194.3 108.5
Order backlog (June 30) in mn. € 70.7 138.7 77.7
EBIT in mn. € 1.2 5.2 0.7
Earnings before taxes in mn. € 1.9 5.9 1.3
Net profit in mn. € 1.3 7.3 0.9
Employees (June 30) 638 1,154 674
Earnings per share, basic € 0.04 0.21 0.01
End of the press release
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
For further information please contact:
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 170 920 29 24
DGAP 01.08.2007
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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
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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