SÜSS MicroTec SE

Earnings Release • Mar 21, 2002

News Details

Ad-hoc | 21 March 2002 20:32

Süss Micro Tec AG english

SUSS MicroTec surpasses 2001 sales and earnings planning Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Munich, March 21, 2002 – SÜSS MicroTec AG achieved strong sales growth in the 2001 financial year and surpassed the sales and earnings targets set for 2001. In the 2001 financial year net sales rose considerably and at EUR 214.8 million, improved by 32.3% over the previous year (EUR 162.3 million). The net result after tax increased by 76.1% to EUR 21.1 million (previous year: EUR 12 million). The EPS improved considerably, from EUR 0.90 to EUR 1.53 per share. The gross margin rose from 55.9% in the previous year to 57% in the financial year. With regard to gross profit, SÜSS MicroTec achieved EUR 122.4 million, a rise of 34.9% (previous year: EUR 90.8 million). The EBITDA was EUR 50.4, a plus of 34.9% (previous year: EUR 37.4 million). The EBITDA margin also developed positively and was 23.5% – against 23% in the previous year. The EBIT rose by 30%, from EUR 31.4 million to EUR 40.9 million. At 19.4% the EBIT margin remained virtually consistent to the previous year (19%). At EUR 156 million, incoming orders were lower by 32.2% in the 2001 financial year than in the previous year (EUR 230.3 million). The weak global economy, the unsatisfactory development in the semi-conductor industry and the tragic events in the USA led to a restrained issue of orders, especially in the third quarter 2001, and to the delay of orders. Particularly customers from the USA were very restrained with regard to the issue of orders during this period. In the fourth quarter incoming orders were consolidated. SÜSS MicroTec expect sales development in the 2002 financial year to be typical for the semiconductor industry. A more restrained commencement of sales development is expected for the first two quarters due to the current order situation. In general, an increase of incoming orders is expected for the second and third quarter, in particular, which could be realized as sales in 2002. At this current point in time the Management Board of SÜSS MicroTec assumes stagnating or slightly reduced sales for the overall 2002 financial year and expects a considerable increase of sales for 2003. end of ad-hoc-announcement (c)DGAP 21.03.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Two Year Ration Comparison: (in Mio. Euro): Financial Year 2000 Financial Year 2001 Changes in % Net Sales 162,3 214,8 + 32,3 Incoming Orders 230,3 156,0 – 32,2 Gross Profit 90,8 122,4 + 34,9 Gross Margin 55,9% 57,0% EBITDA 37,4 50,4 + 34,9 EBITDA -Margin 23,0% 23,5% EBIT 31,4 40,9 + 30,0 EBIT-Margin 19,4% 19,0% Ergebnis n. Steuern 12,0 21,1 + 76,1 EPS 0,90 Euro/Share 1,53 Euro/Share Derivations in the percentages may be caused by roundings. About SUSS MicroTec: SÜSS MicroTec is a leading supplier of production and process technology for the semi-conductor industry. SÜSS MicroTec primarily services niche markets, which are currently converting to the new technologies to ensure their continued ability to compete. With over 7,000 systems installed, Suss products include coating and developing systems, proximity lithography systems, substrate bonders, device bonders and probe systems. Headquartered in Munich, Germany, Suss has approximately 1,000 employees worldwide and operates numerous sales and service centers in North America, Europe, Asia and Japan. More information about SUSS MicroTec and its products is available from its web site at www.suss.com or www.suss.de. Further Information can be obtained from: SÜSS MicroTec AG Barbara v. Jan Investor Relations Tel.: + 49 (0) 89 / 320 07-314 Fax: +49 (0) 89/ 320 07-336 E-mail: b.jan@suss.de ——————————————————————————– WKN: 722670; ISIN: DE0007226706; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 212032 Mär 02