SÜSS MicroTec SE

Earnings Release • Aug 2, 2006

News Details

Ad-hoc | 2 August 2006 19:03

Süss MicroTec AG noticeably increases Sales and Earnings

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Ad hoc Announcement SUSS MicroTec noticeably increases Sales and Earnings – Sales and Gross Profit Margin performed very well in the second quarter – Business Environment still steady, especially for Lithography Production Tools – Improved Guidance for 2006: Sales at least EUR 150 million, EBIT-Margin 8-10% Munich, August 02, 2006 – SUSS MicroTec (ISIN DE0007226706) continued the very positive development of the recent quarters. In the first six months earnings performance as well as order situation showed a considerable improvement. The goals of the comprehensive restructuring activities have been met, and the basic framework to continue the trend is in place. Both further improved products and optimised manufacturing have led to a significant step forward in the Group’s financial performance. Thanks to increased efficiency in the customer acceptance process, sales in the second quarter grew to EUR 43.1 million (PY: EUR 28.3 million; +52%). Sales for the first six months were EUR 82.1 million (PY: 48.0 million; +71%). The improved gross profit margin was mainly driven by a lean cost structure. In the second quarter, the gross profit margin increased from 36.9% in 2005 to 48.5% in 2006. When comparing the first half year, 46.8% was achieved in 2006 (36.3% in 2005). Earnings before interest and taxes (EBIT) amounted to EUR 7.8 million in the second quarter (PY: minus EUR 1.2 million); therefore the EBIT margin was 18%. In the first half year the EBIT rose from minus EUR 6.1 million in 2005 to EUR 12.6 million in 2006 with an EBIT Margin of 15%. Earnings per Share in the first half year 2006 reached EUR 0.58 (2005: minus EUR 0.49). Order entries amounted to EUR 36.9 million in the second quarter (PY: EUR 27.9 million; +32%) and confirmed the ongoing steady market condition remains unchanged. In the first half year SUSS MicroTec booked EUR 77.5 million in new orders compared to EUR 51.9 million in 2005 (+49%). Order backlog totalled EUR 77.2 million as of June 30, 2006. In the first six months of 2006 the key indicators (orders, sales, segment result) showed a positive trend in almost every segment. Based on this positive development, SUSS MicroTec currently expects sales in 2006 to grow to at least EUR 150 million for the full year with an EBIT margin in the range of no less than 8-10% of sales. Segment overview: LITHOGRAPHY: This segment continued to show a positive performance, especially with regard to demand for production equipment for MEMS and Advanced Packaging applications. This segment benefits especially from the success of the restructuring measures. High output combined with improved gross profit margin were particularly responsible for the outstanding earnings performance. Lithography 1.HY 1.HY Y-o-Y Q2 06 Q2 05 Q-o-Q 06 05 Order Entry 47.3 28.9 +64% 22.0 17.8 +24% Sales 51.7 26.2 +98% 25.9 14.7 +77% Segment result 13.7 -3.0 — 8.1 -0.5 — SUBSTRATE BONDER: In the first half year, Sales and Orders were clearly increased and the segment result almost reached break even. For the third quarter it is expected that order volume will increase compared to the second quarter 2006. Substrate Bonder 1.HY 1.HY Y-o-Y Q2 06 Q2 05 Q-o-Q 06 05 Order Entry 6.4 2.2 +194% 1.8 1.4 +29% Sales 8.5 2.9 +192% 5.3 2.3 +131% Segment result -0.1 -2.2 -96% 0.0 -1.4 — DEVICE BONDER: The target to bring back the segment at least to break even level was accomplished in the first six month through local cost saving measures. On the basis of the current order situation, it is expected that the earnings situation will develop accordingly for the full year 2006. Device Bonder 1.HY 1.HY Y-o-Y Q2 06 Q2 05 Q-o-Q 06 05 Order Entry 4.1 2.0 +102% 2.4 1.1 +113% Sales 2.8 3.3 -15% 2.5 2.8 -11% Segment result 0.5 0.1 +249% 0.7 0.6 +21% TEST SYSTEMS: The improved development in the second quarter affirmed that there is no trend reversal in this segment. This is supported by the order development in Q2. The segment result improved mainly due to higher Gross Profit Margins. Test Systems 1.HY 1.HY Y-o-Y Q2 06 Q2 05 Q-o-Q 06 05 Order Entry 13.2 14.2 -7% 7.6 5.8 +30% Sales 12.6 11.4 +11% 6.2 6.2 -1% Segment result 0.9 -0.4 — 0.3 0.3 -22% OTHERS: Increased business especially in Masks and Micro Optics was responsible for the positive trend in sales and results for this segment. Others 1.HY 1.HY Y-o-Y Q2 06 Q2 05 Q-o-Q 06 05 Order Entry 6.4 4.6 +39% 3.1 1.7 +81% Sales 6.5 4.2 +53% 3.2 2.3 +40% Segment result -1.5 -1.9 -20% -0.8 -0.4 — The Second quarter / Half year 2006 at a glance: 1.HJ 1.HJ Million Euro Q2 06 Q2 05 Q-on-Q 06 05 Y-on-Y Order entry 36.9 27.9 32.4% 77.5 51.9 49.4% Order backlog as of 30.06. — — — 77.2 69.5 11.1% Sales 43.1 28.3 52.2% 82.1 48.0 71.1% Gross profit 20.9 10.5 99.9% 38.5 17.4 >100% Gross profit margin 48.5% 36.9% — 46.8% 36.3% — EBITDA 9.3 0.3 >100% 15.9 -2.5 >100% EBITDA margin 21.6% 1.1% — 19.4% -5.2% — EBIT 7.8 -1.2 >100% 12.6 -6.1 >100% EBIT margin 18.0% -4.4% — 15.3% -12.7% — Earnings after tax 6.3 -2.1 >100% 10.0 -7.4 >100% EPS, diluted 0.36 -0.14 >100% 0.58 -0.49 >100% Net Cash — — — 8.4 -3.6 >100% Free Cash Flow -5.5 -6.5 15.6% 1.2 -2.8 >100% Employees as of 30.06. – – – 708 686 3.2% The semi-annual report is available for download on www.suss.com For further information please contact: SÜSS MicroTec AG, Investor Relations, Barbara v. Frankenberg Tel.: +49 (0) 89 / 320 07-314. Fax: +49 (0) 89/ 320 07-450. E-Mail: barbara.frankenberg@suss.com (c)DGAP 02.08.2006 ————————————————————————— Language: English Issuer: Süss MicroTec AG Schleissheimer Strasse 90 85748 Garching b. München Deutschland Phone: +49 (0)89 32007-314 Fax: +49 (0)89 32007-450 E-mail: ir@suss.de WWW: www.suss.de ISIN: DE0007226706 WKN: 722670 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service —————————————————————————