Singulus Technologies AG

Earnings Release • Apr 29, 2010

News Details

Corporate | 29 April 2010 07:00

SINGULUS TECHNOLOGIES presents 1st Quarter Figures 2010

SINGULUS TECHNOLOGIES AG / Quarter Results

29.04.2010 07:00

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Press Release

SINGULUS TECHNOLOGIES presents 1st Quarter Figures 2010

• Order intake significantly exceeds previous year

• Sales development still weak

• EBIT as planned

Kahl/Main, April 29, 2010. The order intake in the 1st quarter 2010 of
the SINGULUS TECHNOLOGIES AG (SINGULUS) developed favorably compared with
the same quarter one year ago (1st quarter 2009: EUR 17.4 million) and came
to EUR 39.8 million This level was also significantly higher than the order
intake in the 4th quarter 2009 (EUR 25.1 million). As expected the sales
trend in the 1st quarter 2010 was still weak. At EUR 21.6 million sales in
the 1st quarter 2010 mainly reflect the global economic crisis in the year
2009 and the resulting weak business activities within the optical disc and
solar sector. Project activities only started to recover towards the end of
2009 and new orders for the two segments Optical Disc and Solar were
received in the 1st quarter 2010.

In the period under review the total operating expenses amounted to EUR
12.4 million and were thus significant EUR 4.1 million less than in the
prior-year period (EUR 16.5 million). Adjusted for restructuring charges in
the period one year ago the decline amounted to EUR 1.2 million.

The gross margin in the 1st quarter stood at 32.5 %, slightly below the
level of the prior-year period (33.2 %). In the 1st quarter 2010 earnings
before interest and taxes (EBIT) in the amount of EUR -5.5 million were
realized. The number of employees in the SINGULUS Group continued to
decline from 572 employees as of December 31, 2009 to 483 employees as of
March 31, 2010. The decline predominantly results from the disposal of the
HamaTech APE GmbH & Co. KG.

Outlook

The crisis of the global economy had a strong impact on the business
activities of the SINGULUS TECHNOLOGIES AG in 2009. The impact will be
visible in the first quarter of the current business year as well. So far,
there are no reliable forecasts on how quickly the expected recovery will
materialize.

However, on a favorable note, the project activities in both segments
Optical Disc and Solar once again improved sharply at SINGULUS. The order
intake in the 1st quarter reflects this. In the Optical Disc division the
sharp increase in Blu-ray sales make us optimistic. In case of such growth
rates disc manufacturers will quickly reach their capacity limits and have
to invest in new production equipment. First orders in the 1st quarter
prove this.

In the Solar segment an economic recovery has already become visible since
the beginning of 2010. In many regions of the world the generation of
electricity with photovoltaics will continue to expand. On that account
SINGULUS offers modern plant systems, which provide cost reduction
potential for the cell manufacturers in the production process. The
strategic transition from a pure single machine provider towards a system
supplier will open new opportunities for the company. The company's goal is
to build a strong market position for production equipment for solar cells
in the next couple of years and to benefit from the upcoming growth in the
solar market.

SINGULUS TECHNOLOGIES is market leader in the optical disc segment and
actively launched new products in the solar segment. For the year 2010 the
Executive Board and the entire management targets to break-even on an EBIT
basis.

SINGULUS Consolidated Key Figures (IFRS unaudited)

1st Quarter 2009 2010
Sales EUR 35.4 21.6
Order intake Mio. EUR 17.4 39.8
Order backlog (March 31) Mio. EUR 52.2 45.6
EBIT Mio. EUR -4.9 -5.5
EBITDA Mio. EUR 0.2 -1.0
Net profit Mio. EUR -6.1 -5.7
Earnings per share EUR -0.16 -0.15
Employees (March 31) 684 483

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,

D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890

For further information please contact:

Maren Schuster, Investor Relations,

SINGULUS TECHNOLOGIES AG, Tel.: + 49 (0) 160 96 09 02 79, or

Bernhard Krause, Corporate Communications,

SINGULUS TECHNOLOGIES AG, Tel.: + 49 (0) 170 920 29 24

Contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890

Contact:
Maren Schuster, Investor Relations,
Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 9202924

29.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

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