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SÜSS MicroTec SE
Management Reports • Jul 3, 2017
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News Details
Ad-hoc | 3 July 2017 13:10
SÜSS MicroTec AG: SUSS MicroTec decides to continue production of UV projection scanners at Corona, USA
SÜSS MicroTec AG / Key word(s): Strategic Company Decision
03-Jul-2017 / 13:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information acc. to Article 17 MAR
SUSS MicroTec decides to continue production of UV projection scanners at Corona, USA
Garching, July 3, 2017 – The Management Board of SUSS MicroTec AG today decided to continue the production of UV projection scanners (scanners) at the production site in Corona, USA. After processing a first customer order from 2015, SUSS Micro Tec initially could not generate additional orders for this product.The product line scanners has been generating low sales for years, while at the same time generating high losses. The only exception was fiscal 2016, with sales of approximately USD 20 million, but a clearly negative result. For this reason, a comprehensive development project for scanners was launched in fiscal year 2016, which shows initial successes in the current financial year 2017.
Based on the very convincing test results achieved so far in the development program of the DSC 300 projection scanner as well as in response to the very positive feedback from potential customers due to the results achieved, the Management Board decided today to intensify the development of the DSC 300 projection scanners and intends to launch the next generation of scanners in the beginning of the second quarter of 2018. A first upgrade version for existing systems, which will include a part of the improvements, will be available from the fourth quarter of 2017 onwards. Significant sales and a significantly improved earnings situation are expected from fiscal 2018 and 2019 respectively.
The positive feedback from the customers is also highlighted by the placement of a follow-up order for two other scanners in the second quarter of 2017. The two systems, which represent a sales volume in the low single-digit million euro range, have been in use since 2016 as transitional equipment at the customer’s production site. In addition to customer satisfaction, the current order also underlines the increasing demand for novel production solutions, particularly in the area of advanced packaging.
End of announcement
Contact:
SUSS MicroTec AG
Franka Schielke
Senior Manager Investor Relations
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
Email: [email protected]
03-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at 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: | [email protected] |
| Internet: | www.suss.com |
| ISIN: | DE000A1K0235 |
| WKN: | A1K023 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |