Corporate | 12 August 2015 07:45
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SINGULUS TECHNOLOGIES AG / Key word(s): Half Year Results
Press release Business Trend and Situation of the SINGULUS TECHNOLOGIES Group for the 1 st Half 2015 – Order intake of EUR 73.1 million in the first half, order backlog at EUR 57.9 million – Sales still at low level as expected, EBIT of EUR -9.8 million after six months – Available liquidity of EUR 24.1 million as of June 30, 2015 – Proposed corporate actions approved by the AGM, implementation of measures prepared Kahl am Main, August 12, 2015 – The order intake of the SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) of EUR 73.1 million in the 1 st half of 2015 was higher than the previous year’s level of EUR 25.2 million. In the quarter under review the intake amounted to EUR 10.3 million (previous year: EUR 11.1 million). The order backlog increased compared with the year-end 2014 and stood at EUR 57.9 million (June 30, 2014: EUR 15.4 million). The half-year sales for 2015 at EUR 29.2 million are slightly below the prior-year level of EUR 30.1 million. In the 2 nd quarter 2015 sales in the amount of EUR 16.6 million were above the level of EUR 13.4 million achieved in the same quarter one year ago. In the 1 st half of 2015 earnings before interest and taxes (EBIT) came to EUR -9.8 million (previous year: EUR -12.5 million). In the quarter under review the losses were reduced compared with the prior-year period. In the 2 nd quarter 2015 the EBIT stood at EUR -3.9 million (previous year: EUR -7.4 million). On June 09, 2015, the ordinary Annual General Meeting of the SINGULUS TECHNOLOGIES AG approved by majority all of the company’s proposed corporate actions and thus paved the way for a successful reorganization of the capital structure. The approved corporate actions are being prepared. SINGULUS TECHNOLOGIES will inform the financial market in a timely and comprehensive manner about the implementation of the individual steps. The number of employees in the SINGULUS TECHNOLOGIES Group decreased from 352 salaried employees as of December 31, 2014 to 338 employees as of June 30, 2015. Reaching the financial full-year goals for 2015 will materially depend on the development of volume sales in the segments Solar and Optical Disc in the next couple of weeks. In particular, the outcome of talks with major disc producers with respect to investments in new Blu-ray Disc production machines will impact the development of the key financial figures for the current year. For the Solar division we are convinced that our company has great potential for additional orders. The point in time of the order intake will be decisive for the financial development this year. The challenge for SINGULUS TECHNOLOGIES in the business year 2015 will be to achieve the set goals in terms of order intake and sales and at the same time to set-up new work areas and build them to successes. Consolidated key figures SINGULUS pursuant to IFRS (unaudited)
Profile SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES works on expanding this expertise in its core segments and to transfer the know-how to new application areas. SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
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2015-08-12 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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| 385815 2015-08-12 |