Corporate | 31 March 2011 07:45
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SINGULUS TECHNOLOGIES AG / Key word(s): Final Results
Press Release SINGULUS TECHNOLOGIES AG announces Figures for 2010 – Orders intake 56 % up compared to previous year – Sales slightly above previous year’s level despite disposal – Key figures for year influenced by restructuring and balance sheet adjustments – Substantial rise in Blu-ray sales – Solar area gaining momentum Kahl am Main, March, 31 2011 – SINGULUS TECHNOLOGIES Group (SINGULUS) achieved revenue of EUR 120.1 million (2009: EUR 116.6 million), in the financial year 2010. Despite the disposal of Hamatech APE in January 2010 and the resulting deconsolidation, revenue for the group is up on the previous year. In the Optical Disc segment sales increased by EUR 20.0 million compared with the previous year’s level and totaled EUR 88.7 million as of the end of the period under review. Within the Solar division sales in the amount of EUR 25.5 million (2009: EUR 36.0 million), were realized, which means a decline by EUR 10.5 million compared with the previous year. In the Semiconductor division we realized sales of EUR 5.9 million as of the end of the year under review. The order intake came to EUR 128.2 million in the year under review (previous year: EUR 81.1 million) and was 58.1 % above previous year’s level. The order backlog at the end of the year 2010 amounted to EUR 35.5 million and was therefore around previous year’s level (previous year: EUR 34.7 million). The earnings before interest and taxes (EBIT) were negative at EUR -80.2 million (previous year: EUR -73.3 million). Adjusted for restructuring and impairment expenses totaling EUR 53.0 million an EBIT in the amount of EUR -27.2 million resulted (previous year: EUR -40.4 million). In addition, the operating result in the year under review was burdened by one-off charges in the amount of EUR 14.3 million. The financial result was negative at EUR -4.7 million and therefore improved by EUR 1.4 million compared with the previous year (previous year: EUR -6.1 million). The net profit for the full year was negative at EUR -77.9 million and thus mainly characterized by one-off expenses in the period under review (previous year: EUR -78.9 million). Excluding restructuring and impairment charges a negative result in the amount of EUR -27.2 million was incurred (previous year: EUR -40.4 million). In the year under review the cash flow from operating activities was negative at EUR 6.9 million. In the prior-year period the operating cash flow was positive at EUR 0.2 million. Liquid funds amounted to EUR 12.3 million as of December 31. At the end of 2010 the SINGULUS TECHNOLOGIES Group employed 459 people in total (previous year: 572 employees, reduction due to the Deinvestment of HamaTech APE).
Outlook
Optical Disc
Solar
In the Solar segment SINGULUS TECHNOLOGIES will continue to further assert itself in the field of production technology for crystalline and thin-film solar cells. Several projects for individual and complete systems are currently in negotiations and indicate respective order intake in 2011. The Executive Board is confident that the company will succeed in expanding the business activities in the Solar division as planned, so that this segment will contribute sustainably to the Group’s results. Therefore, we already project our Solar segment to break-even in 2011. The first large orders for Optical Disc and Solar already are booked in the first quarter. SINGULUS TECHNOLOGIES expects for the fiscal 2011 to break-even for the group as well. Key figures
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
Contact: 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) 6181 98280 20 / +49 (0) 170 9202924 End of Corporate News 31.03.2011 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 | ||
| Deutschland | ||
| Phone: | +49 (0)1709202924 | |
| Fax: | +49 (0)6188 440-110 | |
| E-mail: | bernhard.krause@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 |
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