Corporate | 3 November 2011 07:30
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SINGULUS TECHNOLOGIES AG / Key word(s): Quarter Results
Press Release SINGULUS TECHNOLOGIES Report Significant Growth in the First Nine Months of 2011 – Sales in the first nine months increased by 50.4 % and already above full-year sales of 2010 – Operating result significantly positive at EUR 6.3 million – Order intake EUR 137.0 million (+ 40.8 %) in the period under review – Gross margin for the first nine months above 30 % again – Full-year forecast for 2011 with 33 % increase in sales and positive earnings reaffirmed Kahl am Main, November 3, 2011 – The SINGULUS TECHNOLOGIES AG (SINGULUS) generated sales of EUR 121.8 million in the first nine months of the current business year and therefore already exceeds the total sales in 2010 of EUR 120.1 million. This corresponds to an increase of around 50.4 % compared to previous year period. Sales of EUR 57.2 million in the 3 rd quarter 2011 (previous year: EUR 31.6 million) were also significantly higher (81.0 %) than the prior-year level. This improvement is mainly based on higher sales within the Solar segment (+EUR 28.8 million) and the Optical Disc division (+EUR 12.0 million). The Nano Deposition segment with sales of EUR 2.9 million remained at last year's level. The operating result (EBIT) in the first nine months 2011 amounted to EUR 6.3 million compared with -EUR 13.1 million (before extraordinary charges) in the first nine months of 2010. In the period under review the EBITDA totaled EUR 14.7 million. Due to the sharp pick-up in demand for Blu-ray machines sales in the Optical Disc segment sales continued to rise. The activities in the Solar segment were impacted by market uncertainties in the past couple of months. However, the business volume increased from 16.7 % to 34.7 % of total sales. SINGULUS was successful in generating a positive result on an EBITDA basis in the Solar segment in the first nine months. In the first nine months of the business year 2011 SINGULUS was able to improve the gross margin by 7.8 percentage points from 22.7 % to 30.5 %. In particular in the 3 rd quarter 2011 the gross margin contributed strongly to the positive operating overall results with a sharp increase to 33.9 % (previous year: 12.9 %). The order intake in the first nine months of 2011 amounted to EUR 137.0 million (previous year: EUR 97.3 million). This corresponds to an increase of 40.8 % compared with the same period one year ago. The order backlog amounted to EUR 50.8 million as of September 30, 2011 (previous year: EUR 43.7 million). The number of employees in the SINGULUS Group rose slightly from 454 employees as of September 30, 2010 to 465 employees as of September 30, 2011. During the period under review 461 employees were employed on average in the group of companies (previous year: 492 employees).
Outlook
SINGULUS' 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 continue to maintain the market leadership in the Optical Disc segment for dual-layer Blu-ray disc production equipment. SINGULUS possesses proven know-how in the manufacturing of machines for the vacuum coating of different materials. For example, SINGULUS applies this technology for its replication lines for optical memory media as well as for machines for the coating of silicon solar cells. SINGULUS intends to expand this know-how in the area of the development of vacuum coating machines for various areas of applications in the future. The business activities in the work area nano-technology were extensively strengthened in the course of the growing market for MRAM semi-conductor technology. 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 of vacuum coating. Consolidated key figures SINGULUS pursuant to IFRS (unaudited)
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
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| 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@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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