Ad-hoc | 14 October 2004 14:44
SUSS MicroTec: Third quarter with expected positive development
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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SUSS MicroTec: Third quarter with expected positive development
· Order Entry in Q3 about EUR 32 million; solid request for Production Tools
· Net Sales increased in Q3 to about EUR 31 million
· Measures to reduce the Group Break-Even Level commenced
Munich, October 14, 2004 – In the third quarter, Net Sales could be further
increased. Net Sales amounted about EUR 31 million and therefore outperformed
the previous quarter (EUR 26.6 million) by approx. 16% and the prior year’s
quarter (EUR 21.4 million) by approx. 45%. Also the Order Entry figure again
exceeded EUR 30 million. In the 3rd quarter, new Orders totaling approx.
EUR 32 million were booked, a 22% increase compared with the related quarter
of the previous year (EUR 26.1 million).
With the achieved Order Entry and Sales numbers in the third quarter, the
operating business remains consistent with the full-year guidance of revenues
between EUR 115 million and EUR 120 million. The final results for the third
quarter will be published November 9 2004, after stock market closed.
As already announced, the Group Break-Even based on EBIT should be reduced
from currently EUR 120 million Sales to about EUR 100 million Sales. In this
regard the Board intends to shutdown the Asslar facility near Frankfurt/Main
and the integration of the production into the facility at Garching/Munich.
Negotiations with the works council will start immediately. In total annual
cost savings of EUR 4 million are expected to derive from this measure, with
EUR 2.5 million being related to saved personnel expenses.
Contact:
SUSS MicroTec AG
Barbara von Frankenberg
Investor Relations
Tel.: +49 (0) 89 / 320 07-314
Fax: +49 (0) 89/ 320 07-450
E-Mail: b.frankenberg@suss.de
end of ad-hoc-announcement (c)DGAP 14.10.2004
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