Corporate | 13 August 2013 07:30
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SINGULUS TECHNOLOGIES AG / Key word(s): Half Year Results
Press release SINGULUS TECHNOLOGIES Significantly Reduces Losses – Positive EBIT Target for 2013 – Important key figures for the 1 st half 2013 above prior-year levels – Demand for Blu-ray significantly above plans – Additional order intake for BLULINE II after completion of quarter – Weak order intake for Solar
Kahl am Main, August 13, 2013 – The key financial figures of the
Dr. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES AG, comments: ‘We are pleased that the volume sales of our Blu-ray machines have picked up considerably again. The markets for Blu-ray Discs continue to perform favorably in 2013. Accordingly, in May 2013 the Digital Entertainment Group announced a growth for Blu-ray Discs sales for the leading US market of approximately 30 % compared with the prior-year period 2012.’ In the first six months of 2013 SINGULUS TECHNOLOGIES overall achieved slightly higher sales than in the comparable period for 2012. Sales for the half-year amounted to EUR 49.2 million (previous year: EUR 43.6 million). In the 2 nd quarter EUR 26.4 million were achieved (previous year: EUR 27.6 million). While the order intake in the 1 st half 2012 amounted to EUR 87.0 million due to a major order in the Solar segment, order intake with a total volume of EUR 48.8 million was recorded in the course of the 1 st half of the business year 2013. The order intake in the 2 nd quarter amounted to EUR 33.2 million, which was slightly above the prior-year level of EUR 31.3 million. As of June 30, 2013 the order backlog accordingly stood at EUR 39.7 million, which is below the EUR 70.2 million achieved in the prior-year period. The earnings before interest and taxes (EBIT) has improved compared with the prior year. In the 1 st half of 2013 earnings before interest and taxes (EBIT) stood at EUR -6.5 million (previous year: EUR -12.4 million). In the quarter under review the EBIT was slightly negative and came to EUR -1.6 million (previous year: EUR -6.7 million). Due to the implemented streamlining of the international activities as well as due to the cost reduction measures in the area of wet-chemical machines at our site in Fürstenfeldbruck, the number of employees in the SINGULUS TECHNOLOGIES Group declined from 444 employees as of June 30, 2012 to 362 employees as of June 30, 2013.
Business trends and market development Optical Disc
Business trends and market development Solar
SINGULUS TECHNOLOGIES is in close contact with customers, which plan investments in the set-up of new cell manufacturing lines or so-called upgrades of existing production lines. In particular, project talks with renowned customers in Asia, the Middle East, South- and Central America and especially in South Africa should be highlighted. However, so far no major order intakes were realized in the 1 st half of 2013.
Business trends and market development Semiconductor
If the MRAM memory components will establish themselves in the next couple of years due to their specific advantages, the transition towards the industrial mass production is expected. For the expected market of new MRAM wafer SINGULUS TECHNOLOGIES is currently working on presenting new machine concepts, which satisfy the demand for more efficient ultra-high-vacuum coating machines with an increased wafer capacity.
Outlook for the business year 2013
To strengthen and further develop the existing business areas the company pursued the targeted development of new products and application areas based on its core competencies in order to open new markets with this. This strategic further development of the existing product portfolio by internal measures is in the focus in the business year 2013. At the same time we are reviewing reasonable acquisition opportunities to strengthen the sustainable development at SINGULUS TECHNOLOGIES. With the consistent and successful implementation of this strategy we expect a return to a long-term growth path once again. Consolidated key figures SINGULUS pursuant to IFRS (unaudited)
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 13.08.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group 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 | ||
| Germany | ||
| Phone: | +49 (0)1709202924 | |
| Fax: | +49 (0)6188 440-110 | |
| E-mail: | bernhard.krause@go-metacom.de | |
| Internet: | www.singulus.de | |
| ISIN: | DE0007238909, DE000A1MASJ4 | |
| WKN: | 723890, A1MASJ | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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