SÜSS MicroTec SE

Earnings Release • Oct 9, 2002

News Details

Ad-hoc | 9 October 2002 20:16

Süss Micro Tec AG english

SÜSS MicroTec reports stable development in the third quarter Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– – Sales at previous quarters level – New orders stable in third quarter – Company reaffirms 2002 forecast Munich, October 9, 2002. SÜSS MicroTec AG, one of the worlds leading manufacturers of production and testing equipment for the microelectronics industry, reports preliminary figures for the third quarter of the business year 2002 that constitute a satisfactory trend when compared with the unfavorable semiconductor industry environment. For the third quarter 2002, the company posted net sales of approx. EUR 28 million (first quarter: EUR 28.9 million, second quarter: EUR 27.5 million). Year on year, sales are, therefore, well below those in boom year 2001 (third quarter 2001: EUR 48.7 million). New orders in the third quarter of 2002 were, at roughly EUR 30 million, both higher than in the previous quarters (first quarter: EUR 23.8 million; second quarter: EUR 29.7 million) and up on the year (third quarter 2001: EUR 28.7 million). At the beginning of August 2002, the Executive Board revised its forecasts for the business year 2002 on the basis of emerging trends. The course of business in the third quarter confirms these forecasts. The cost reduction measures in place since the end of 2001 include adjustments to staff numbers that on the basis of these already initiated measures will by the end of the business year 2002 reach below 900 employees. Additional measures for a further reduction of 100 employees will commence during the fourth quarter 2002. For further information please contact: SÜSS MicroTec AG, Tanja Satzer, Investor Relations Tel.: + 49 (0) 89 / 320 07-314, Fax: +49 (0) 89/ 320 07-359 email: t.satzer@suss.de end of ad-hoc-announcement (c)DGAP 09.10.2002 ——————————————————————————– WKN: 722670; ISIN: DE0007226706; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 092016 Okt 02