SÜSS MicroTec SE

Earnings Release • Aug 7, 2002

News Details

Ad-hoc | 7 August 2002 20:13

Süss Micro Tec AG english

2nd quarter 2002 modest, as reported, orders up by 25% Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The figures for the Q2 provisionally announced at the beginning of July have been confirmed: ·Sales at the level of the previous quarter; Negative foreign exchange effects increase after-tax loss in Q2 to EUR -4.1 million; Orders from USA almost double; For the whole year, slower recovery and sales of EUR 130 to 140 million expected Munich, August 7, 2002. As already announced, SÜSS MicroTec AG, one of the world’s leading manufacturers of production and test equipment for the microelectronics industry, is reporting a not unexpectedly poor 2nd quarter due to the weak state of the economy. Orders have risen by 24.8% over the previous quarter which gives confidence that things may get better in the coming months. Orders rose from EUR 23.8 million in the 1st quarter to EUR 29.7 million in the 2nd quarter (+ 24.8%). Overall, however, orders in the first half of the business year stand at EUR 53.5 million which is significantly lower than for the same period in the previous year (EUR 96.5 million). One indication that the US market may be stabilizing is the order figure from USA which contributed almost half the orders of the 2nd quarter (previous quarter around 30%) and was therefore primarily responsible for the rise. Net sales for the 2nd quarter stood at EUR 27.5 million which was just under the figure for the first three months (EUR 28.9 million; -5.0%). In the first half of 2002 sales reached EUR 56.4 million and were therefore 44.9% below those for the same period in the previous year (EUR 102.5 million). EBITDA (Earnings before Interest, Tax, Depreciation and Amortization) was EUR -4.6 million (previous quarter EUR -1.9 million). The EBITDA margin (EBITDA in proportion to net sales) was -16.9% against -6.4% in the 1st quarter. The EBIT figure (Earnings before Interest and Tax) showed a corresponding result at EUR -6.2 million following EUR -3.3 million. This corresponds to an EBIT margin of -22.7% following -11.5%. Both figures contain an exceptional charge of EUR 2.0 million from foreign currency translation which resulted from the marked weakening of the dollar. The figure for EAT (Earnings After Tax) came to EUR -4.1 million following EUR -1.9 million in the 1st quarter. The gross margin fell to 46.5% following 48.3% in the 1st quarter. The EPS (Earnings Per Share) is -27 cents as against -13 cents in the first three months of the year. end of ad-hoc-announcement (c)DGAP 07.08.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Outlook for 2002: In the last few months SÜSS MicroTec has strengthened its position in the major markets significantly, above all in the pioneering field of Advanced Packaging, and it sees its strategic alignment in the market as confirmed once again. In view of the continuing difficulties in the semiconductor markets – which were again in evidence at the important SEMICON West Trade Fair in San Francisco – and the investment cuts being made as a result by various semiconductor manufacturers, the company is expecting a much weaker recovery in 2002 than it had at the end of the first quarter. Against this background, the Board is assuming that from today’s perspective, sales for the 2002 business year will be between EUR 130 and 140 million (2001 sales: EUR 214.8 million), and taking into account the already implemented cost reduction measures, it is expecting after-tax results (EAT) of approx. EUR -3 to -5 million Overview results: in Mio EUR 2. Q. 02 1. Q. 02 1. HJ 02 1. HJ 01 incoming order 29,7 23,8 53,5 96,5 Net sales 27,5 28,9 56,4 102,5 Gross profit 12,8 14,0 26,8 58,4 Gross margin 46,5% 48,3% 47,4% 57,0% EBITDA -4,6 -1,9 -6,5 -20,1 EBITDA margin -16,9% -6,4% -11,5% 19,6% EBIT -6,2 -3,3 -9,6 16,3 EBIT margin -22,7% -11,5% -17,0% 15,9% EAT -4,1 -1,9 -6,0 8,0 EPS -0,27 -0,13 -0,41 0,59 Detailed key figures of Q2/2002 are available at www.suss.de Further information can be obtained from: SÜSS MicroTec AG Tanja Satzer Investor Relations Tel.: + 49 (0) 89 / 320 07-314 Fax: +49 (0) 89/ 320 07-359 E-Mail: t.satzer@suss.de ——————————————————————————– WKN: 722670; ISIN: DE0007226706; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 072013 Aug 02