Corporate | 6 May 2015 22:22
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SINGULUS TECHNOLOGIES AG / Key word(s): Preliminary Results/Quarter Results
Press Release
– Orders and order backlog in excess of EUR 60 million – Revenue at EUR 12.6 million (previous year: EUR 16.7 million) – EBIT EUR -5.9 million (previous year: EUR -5.1 million) – Liquidity EUR 28.8 million at March 31, 2015 – Positive signals from Chinese solar industry exhibition SNEC, Shanghai Kahl am Main, May 06, 2015 – SINGULUS TECHNOLOGIES announces preliminary key figures for the first quarter 2015. As already published SINGULUS TECHNOLOGIES reports import orders in this period. Order intake amounts to EUR 62.8 million in the first quarter of 2015 (previous year: EUR 14.1 million). The major part of this orders are for processing systems in the Solar segment. Orders for the Solar segment came to more than EUR 50 million in the first quarter of 2015. Therefore the order backlog at March 31, 2015 showed a substantial rise and amounted to EUR 64.2 million (previous year: March 31, 2014: EUR 17.7 million). This is the highest order backlog figure of the last three years. Due to the low order backlog at the end of 2014, revenue for the SINGULUS TECHNOLOGIES Group merely reached EUR 12.6 million in the 2015 reporting quarter (previous year: EUR 16.7 million). Earnings before interest and taxes (EBIT) of EUR -5.9 million were consequently below the prior-year level (previous year: EUR -5.1 million). Cash and cash equivalents in the Group in the first quarter amounted to EUR 28.8 million. The SNEC solar industry exhibition in Shanghai, which closed its doors last week, showed positive signals. The Chinese government has invited tenders for an additional 100 Gigawatts of photovoltaic capacity by 2020. Deutsche Bank expects the photovoltaic boom in China to continue. 20 Gigawatts appear possible in the current year of 2015. These positive frame conditions can expect a growing demand in the Chinese market. Dr.- Ing. Stefan Rinck, CEO: “SINGULUS TECHNOLOGIES is very well positioned especially for machines for CIGS thin-film modules and expects to receive further contracts from China in 2015 and 2016. Together with the planned capital measures and the realignment of our company, we will achieve the required stability in order to realize the potential in existing and new markets.” The complete quarterly report will be published as scheduled on May 21, 2015.
Profile SINGULUS TECHNOLOGIES
The application areas include vacuum thin-film and plasma coating for wet-chemical processes as well as thermal process technologies SINGULUS TECHNOLOGIES taps new work areas and develops efficient solutions. For all processes and applications SINGULUS TECHNOLOGIES benefits from its know-how to expand this expertise in the core segments and to transfer this expertise to new application areas: consumer goods, entertainment, energy, mobility and semiconductors. SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, 63796 Kahl am Main, Germany, ISIN: DE0007238909, WKN: 723890
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2015-05-06 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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@singulus.de | |
| Internet: | www.singulus.de | |
| ISIN: | DE0007238909, DE000A1MASJ4 | |
| WKN: | 723890, A1MASJ | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart | |
| End of News | DGAP News-Service |
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| 354151 2015-05-06 |