Ad-hoc | 26 January 2005 17:05
Süss MicroTec AG: Preliminary 2004 Results
Ad hoc announcement §15 WpHG
Preliminary Results 2004
Süss MicroTec AG: Preliminary 2004 Results
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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· Order entry also in the fourth quarter exceeds EUR 30 million
· 2004 net sales up by more than 20% on previous year to nearly EUR 114
million
· US dollar and special items put considerable pressure on results
· Closure of Asslar production facility agreed with works council
Munich, January 26, 2005 – According to preliminary unaudited figures, SUSS
MicroTec AG increased its net sales in fiscal 2004 to nearly EUR 114 million
from EUR 93 million in 2003. Order entry in the fourth quarter again exceeded
EUR 30 million, with over EUR 120 million in new orders booked in the full
year (previous year: EUR 101 million).
The operating business was therefore largely in line with guidance in respect
of order and sales development. Sales fell just short of the EUR 115 million
to EUR 120 million target mainly as a result of the significant year-end
decline in the US dollar exchange rate.
For the full year 2004 the Management Board expects EBIT to be in the region
of EUR minus 9 million – due primarily, along with the sales shortfall, to the
following special items booked in the fourth quarter results:
– EUR 4.6 million in restructuring costs and provisions (including
compensation plan for the closure of the Asslar production facility and
changes on the Management Board)
– EUR 1.7 (2004 total: 1.0) million in foreign exchange book losses on
internal US dollar loans
Earnings after taxes will be burdened by the value adjustment (non-cash item)
of a substantial part of deferred taxes on loss carry-forwards (EUR 5.5
million per Dec 21, 2003).
Inventories at year’s end totaled nearly EUR 40 million (previous year: EUR
41.9 million). Year-end short-term net liquidity was over EUR 20 million
(previous year: EUR 22.9 million).
SUSS MicroTec will announce its final, audited figures and results for fiscal
year 2004 on March 22, 2005, after stock market closing.
For further information, please contact:
SUSS MicroTec AG
Barbara von Frankenberg
Investor Relations
Tel.: +49 89 3200 7314
email: b.frankenberg@suss.de
Süss MicroTec AG
Schleissheimer Strasse 90
85748 Garching b. München
Deutschland
ISIN: DE0007226706
WKN: 722670
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 26.01.2005
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