Media | 8 May 2013 07:30
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Quarterly Figures for 2013 Published – Order Intake with EUR 34.9 million on upper end of guidance – Sales of EUR 30,1 million – Book-to-Bill ratio of 1.16
The Lithography segment posted a 13 percent decrease in sales to EUR 18.6 million (previous year: EUR 21.5 million) during the quarter under review. Sales in the Substrate Bonder division declined from EUR 4.3 million in Q1 2012 to EUR 3.1 million in Q1 2013. The Photomask Equipment division recorded higher sales of EUR 7.5 million, after EUR 4.5 million in Q1 2012. Earnings before interest and tax (EBIT) came in at EUR -3.3 million (previous year: EUR -0.04 million). Earnings after taxes (EAT) for continued operations amounted to EUR -2.5 million, compared to EUR -0.2 million in the previous year. Earnings after taxes for the continued and discontinued operations amounted to EUR -2.5 million, the EAT of 2012 reached EUR 1.3 million and includes a tax free gain of EUR 1.5 million resulting from the sale of the Test Business in 2010. The basic earnings per share (EPS) totaled EUR – 0.13 (previous year: EUR 0.07). The management board of SUSS MicroTec has decided to focus permanent bonding on MEMS and LED applications to address the unsatisfying earnings level of this product line. With this step SUSS MicroTec takes into account the technological advancement of the product portfolio and the market developments of the recent years. In connection with these measures a non-cash adjustment of EUR 6.8 million in the second quarter 2013 will be necessary. The write-offs are on capitalized development costs, which originate from the years prior to 2008, as well as on no longer needed demonstration tools and inventories. The future growth of the Substrate Bonder division will mainly be driven by the product line Temporary Bonding which has been successfully established in the market. The sales contribution of the Permanent Bonding product line will for the time being remain at the level of the previous year. With these changes the Substrate Bonder division of SUSS MicroTec is well positioned to benefit from the expected growth in the target markets 3D IC, MEMS and LED in the years to come. Cash and interest bearing securities amounted to EUR 29.3 million at the end of the first quarter. Net liquidity amounted to EUR 25.1 million (March 31, 2012: EUR 38.5 million). The free cash flow for the first quarter 2013, before effects of M&A activities and the purchase or sale of interest bearing securities, amounted to EUR -7.2 million (previous year’s quarter: EUR 0.3 Million).
Outlook
Disclaimer: This press release contains forward-looking statements relating to the business, financial performance and earnings of SUSS MicroTec AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of SUSS MicroTec AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which explicitly or implicitly assumed in the forward-looking statements. SUSS MicroTec AG does not intend or accept any obligation to publish updates of these forward-looking statements Contact: SUSS MicroTec AG Franka Schielke Schleissheimer Strasse 90 85748 Garching, Deutschland Tel.: +49 (0)89 32007-161 Fax: +49 (0)89 32007-451 Email: franka.schielke@suss.com End of Media Release Issuer: SÜSS MicroTec AG Key word(s): Enterprise 08.05.2013 Dissemination of a Press Release, transmitted by DGAP – a company of EquityStory 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: | SÜSS MicroTec AG | |
| Schleissheimer Strasse 90 | ||
| 85748 Garching | ||
| Germany | ||
| Phone: | +49 (0)89 32007-161 | |
| Fax: | +49 (0)89 32007-451 | |
| E-mail: | ir@suss.com | |
| Internet: | www.suss.com | |
| ISIN: | DE000A1K0235 | |
| WKN: | A1K023 | |
| Indices: | TecDAX | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP-Media |
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