SÜSS MicroTec SE

Earnings Release • Nov 13, 2001

News Details

Ad-hoc | 13 November 2001 20:20

Süss Micro Tec AG english

9-months report: Süss MicroTec fully on target for sales and earnings Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– .Sales rose by 59,6% to EUR 151.2 million in the first nine months .EBIT increased from EUR 10.2 million to EUR 23.8 million .Earnings per share climbed from EUR 0,30 EUR 0,84 .Reiteration of targets for 2001 Munich, November 13, 2001 – With the results at the end of the 3rd quarter of 2001, SÜSS MicroTec AG will be fully able to achieve the sales and earnings targets set for this financial year. Net Sales rose to EUR 151.2 million in the first nine months of 2001, corresponding to a 59.6% increase on the same period of last year (EUR 94.7 million). EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) rose from EUR 14.7 million to EUR 30.5 million, an increase of 107.7%. The EBITDA margin was significantly better at 20.2% than in the same period of the previous year (15.5%). EBIT (Earnings Before Interest and Taxes) increased by 132.4% from EUR 10.2 million to EUR 23.8 million. The EBIT margin also performed positively, rising to 15.7% (previous year: 10.8%). EAT (earnings after tax) rose sharply to EUR 11.6 million, compared with EUR 4.1 million in the previous year. SÜSS MicroTec also attained an extremely satisfactory Gross Profit Margin, which rose to 58% (previous year: 54%). Gross profit for the first nine months of 2001 totalled EUR 87.5 million (previous year: EUR 50,9 million). SÜSS MicroTec increased its EPS (Earnings Per Share) from EUR 0,30 to EUR 0,84. Order Entry for the first nine months of this financial year totalled EUR 125.3 million, corresponding to a 22% decline compared with the same period of the previous year (EUR 160 million). At September, 30th Order Backlog amounted to EUR 90.4 million. In addition to the weak state of the global economy and the continuing unsatisfactory market situation in the semiconductor industry, the tragic events in the USA led to hesitance in placing orders. SÜSS MicroTec does not expect a significant change of this situation in the 4th quarter of 2001. The change in the number of orders on hand will not alter the company’s market share compared with its competitors, however. SÜSS MicroTec again reiterates the plan figures for 2001 of sales of EUR 210 million and EAT of EUR 16 million. Contact: Barbara v. Jan, Investor Relations, b.jan@sus.de, +49-(0)89-32007314 end of ad-hoc-announcement (c)DGAP 13.11.2001 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The 3rd Quarter at a glance (in million of Euro): Q3 2000 Q3 2001 % change Net Sales 38,2 48,7 27,4 Order Entry 63,4 28,7 – 55 Gross Profit 21,7 29,1 34,4 Gross Profit Margin 56,6% 59,8% EBITDA 9,0 10,0 11,0 EBITDA-Margin 23,6% 20,5% EBIT 7,5 7,4 – 1,4 EBIT-Margin 19,7% 15,3% EAT 3,0 3,5 15,8 EPS (diluted) 0,22 Euro/share 0,25 Euro/share ——————————————————————————– WKN: 722670; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 132020 Nov 01