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DGAP-News News vom 14.08.2018

SINGULUS TECHNOLOGIES achieves high order backlog- significant increase in sales for 2018 expected

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Half Year Results

14.08.2018 / 08:15
The issuer is solely responsible for the content of this announcement.


Press Release

SINGULUS TECHNOLOGIES achieves high order backlog- significant increase in sales for 2018 expected

* Order intake in the first half year at EUR 65.0 million (previous year:

EUR 26.1 million)
* Order backlog as of June 30 at EUR 125.3 million substantially above prior-year level
* Sales at prior-year level with a still slightly negative EBIT amounting to EUR -1.2 million (previous year: EUR 2.5 million)
* Full-year forecast with positive operating result (EBIT) confirmed


Kahl am Main, August 14, 2018 - The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) reports half-year sales for 2018 of EUR 46.4 million, which is around the prior-year level of EUR 48.3 million. In the 2ndquarter 2018 significantly higher sales of EUR 29.1 million were recorded compared with the prior year period (EUR 22.2 million). Dr.-Ing. Stefan Rinck, CEO of SINGULUS TECHNOLOGIES: "Our order intake in the first half-year and the high order backlog as per June 30, 2018 provide a good basis for the sales recognition in the further course of the year. We expect a significant increase in sales within the group of companies to a low triple-digit million Euro range. Accordingly, the operating result before interest and taxes (EBIT) for the business year 2018 is projected to be positive in a mid-single-digit million Euro range."

The second quarter 2018 was positive with an EBIT of EUR 0.4 million (previous year: EUR 1.1 million), which already reflects the uptrend in earnings. Accumulated for the first half of 2018 was slight negative earnings before interest and taxes (EBIT) at EUR -1.2 million (previous year: EUR 2.5 million). The EBITDA in the amount of EUR -0.3 million for the first six months was below the prior-year level of EUR 3.5 million. In the business year the gross margin increased from 27.1 % in the first quarter to 28.8 % in the first half-year (previous year: 30.0 %).

The orders intake in the first half of 2018 improved from EUR 26.1 million in the previous year to currently EUR 65.0 million. The high order backlog of EUR 125.3 million (June 30, 2017: EUR 87.7 million) to a large extent includes machines for the production of CIGS solar modules for the Chinese state-owned enterprise China National Building Materials (CNBM) as well as other customers who have ordered equipment for the Asian market.

Dr.-Ing. Rinck adds: "Our new work areas also received additional orders during the reporting period. In addition to the large order in the Semiconductor segment, we received a first order from the automotive industry for our DECOLINE II, as well as another order for a processing machine for medical technology."

The headcount within the SINGULUS TECHNOLOGIES Group remained at a constant level of 318 employees as of June 30, 2018 (December 31, 2017: 315 employees).

SINGULUS company key figures according to IFRS (unverified)

1st Half Year   2017 2018
Revenue (gross) million EUR 48.3 46.4
Order intake million EUR 26.1 65.0
Order backlog (06/30) million EUR 87.7 125.3
EBIT million EUR 2.5 -1.2
EBITDA million EUR 3.5 -0.3
Earnings before taxes million EUR 1.7 -2.3
Profit/loss for the period million EUR 1.7 -2.4
Employees (06/30)   312 318
Earnings per share, basic EUR 0.21 -0.27
 


SINGULUS TECHNOLOGIES - Innovations for New Technologies
SINGULUS TECHNOLGOIES builds innovative machines and systems for efficient and resource-friendly production processes. SINGULUS TECHNOLOGIES' strategy is to take advantage of its existing core competencies and to expand these further.

The core competencies include vacuum coating, surface processing, wet-chemical and thermal production processes. The company offers machines, which are used worldwide in the solar, semiconductor, medical technology, consumer goods and optical disc sectors. For all of the machines, processes and applications SINGULUS TECHNOLOGIES harnesses its automation and process technology expertise.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5

Contact:
Maren Schuster, Investor Relations, Phone: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Phone: + 49 (0) 1709202924
E-mail: [email protected]



14.08.2018 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.

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