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SÜSS MicroTec SE

Earnings Release May 8, 2024

422_10-q_2024-05-08_a58083c8-6b95-4230-a0a4-7add801535d9.pdf

Earnings Release

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KEY FIGURES GROUP

in € million Q1 2024 Q1 2023 Change
Business and earnings development
Order intake 98.3 94.9 3.6%
Order book as of March 31 456.9 364.0 25.5%
Sales 93.5 64.0 46.1%
Gross profit 36.6 22.0 66.4%
Gross profit margin 39.1% 34.4% 4.7%
-Pts
Cost of sales 56.9 42.0 35.5%
Research and development costs 9.2 8.5 8.2%
EBITDA 16.7 5.5 203.6%
EBITDA margin 17.9% 8.6% 9.3%
-Pts
EBIT 14.9 3.8 292.1%
EBIT margin 15.9% 5.9% 10.0%
-Pts
Earnings after taxes (continuing operations
)
10.4 3.0 246.7%
Net profit* 68.7 2.1 -
Earnings per share, basic (in EUR)
,
continuing operations
0.54 0.16 237.5%
Earnings per share, basic (in EUR)* 3.59 0.11 -
Balance sheet and Cash flow
Equity 241.1 179.0 34.7%
Equity ratio 58.0% 51.6% 6.4%
-Pts
Balance sheet total 415.5 347.1 19.7%
ROCE 7.8 2.5 212.0%
Net cash 102.4 42.5 140.9%
Free cash flow -3.9 -1.2 -
Free cash flow total* 70.7 0.3 -
Further key figures
Investments 1.2 0.8 50.0%
Investment ratio 1.3% 1.3% 0.0%
-Pts
Depreciation 1.8 1.6 12.5%
Employees as of March 31 1,273 1,094 16.4%

*including discontinued operations

CONTENTS

Business Development in the first Quarter 2024..........4

Financial Report……….……………………….…….……9
Consolidated Statement of Income (IFRS) 9
Statement
of Comprehensive Income (IFRS)
10
Consolidated Statement of Financial Position (IFRS) 11
Consolidated Statement of Cash Flows (IFRS) 12
Consolidated Statement of Changes in Equity (IFRS) 14
Segment Reporting (IFRS) 15
Reconciliations
and statements of discontinued operations
16

Financial Calendar / Contact / Imprint……………....18

BURKHARDT FRICK, CEO OF SÜSS MICROTEC SE:

"We have started 2024 with a record order book of more than € 450 million. 2024 is therefore a year where the efficient execution of these orders is key. We want to meet our customers' demanding schedules and support their capacity expansion plans in particular for AI applications with our temporary bonding solutions. The sales and earnings performance in the first quarter indicates that we are well on track to achieve this goal and thus also our forecast for 2024. The task now is to maintain this positive momentum in the coming months and quarters."

BUSINESS DEVELOPMENT IN FIRST QUARTER 2024

Discontinued operation MicroOptics removed from the Group following sale

On January 15, 2024, we completed the sale of our subsidiary SUSS MicroOptics S.A. and the business unit of the same name to Focuslight (HK) Investment Management Co. Ltd. We received a purchase price of € 58.1 million for the acquisition of all shares in SUSS MicroOptics S.A. In addition, the intercompany financing of € 16.9 million was repaid. Overall, we received cash and cash equivalents of € 75.0 million with the completion of the transaction. The result from discontinued operations recognized in the first quarter of 2024 amounted to € 58.3 million and included the positive one-off effect from the divestment.

Due to the disclosure of the MicroOptics segment as a discontinued operation, all expenses and income of the MicroOptics division as well as the disposal proceeds were reported separately in one item within the income statement and all cash flows were reported separately in the cash flow statement. The previous year's periods were adjusted accordingly. In the balance sheet, the assets and liabilities attributable to this segment were reclassified in the previous year under the items "Assets held for sale" and "Liabilities associated with assets held for sale". Both items were derecognized upon completion of the sale of the subsidiary in the first quarter of 2024 and therefore have a value of zero at the end of the first quarter of 2024. A list of the assets and liabilities disposed of and the result from discontinued operations in the first quarter of 2024 as well as the reconciliations of the divisional results of the income statement are presented after the segment reporting on pages 16 and 17.

Business Development of Continuing Operations

In the first quarter of the 2024 financial year, we generated an order intake of € 98.3 million. This corresponds to an increase of 3.6% compared to the previous year's figure of € 94.9 million. At € 64.6 million, around two thirds of the order intake were attributable to the Advanced Backend Solutions segment. Once again, the positive development of the bonders was noteworthy, with new business amounting to € 34.4 million. Order intake in the Photomask Solutions division amounted to € 33.7 million after € 38.6 million in the very strong first quarter of 2023.

In the first three months of 2024, we significantly increased our group sales by 46.1% to € 93.5 million (previous year: € 64.0 million). This makes Q1 the strongest first quarter in our company's history in terms of sales. Both divisions contributed to this high growth. While the Advanced Backend Solutions division increased sales by 37.6% to € 56.4 million (previous year: € 41.0 million), the sales volume of Photomask Solutions even grew by 60.6% to € 37.1 million (previous year: € 23.1 million).

The order book amounted to € 456.9 million as at March 31, 2024 and was therefore 25.5% higher than the comparative figure of € 364.0 million as of March 31, 2023. The book-to-bill ratio, i.e. the ratio of order intake to sales, was 1.05 after three months of 2024.

Gross profit increased by € 14.6 million to € 36.6 million in the first quarter of 2024 (previous year: € 22.0 million). The gross profit margin thus improved by 4.7 percentage points to 39.1% (previous year: 34.4%). The main reasons for this margin increase were a favorable product mix and the higher sales volume, which enabled better coverage of fixed costs.

Selling, administrative and development expenses increased disproportionally lower compared to sales by 16.7% from € 18.6 million to € 21.7 million in the first quarter of 2024. The balance of other operating income and expenses amounted to € 0.0 million in the first three months of the current financial year (previous year: € 0.4 million).

Overall, EBIT increased from € 3.8 million to € 14.9 million in the first quarter of 2024, supported by the improved gross profit margin. This corresponded to an EBIT margin of 15.9% (previous year: 5.9%).

Earnings after taxes from continuing operations increased from € 3.0 million to € 10.4 million in the first quarter 2024. Basic earnings per share (EPS) from continuing operations amounted to € 0.54.

The Free cash flow from continuing operations amounted to € -3.9 million in the first quarter of 2024 (previous year: € -1.2 million) and resulted from a reduction in cash flow from operating activities, as contract liabilities, mainly advance payments received, were lower than in the previous year.

Net profit

Total net profit for the period in the first quarter of 2024, i.e. the sum of the profit from continuing operations of € 10.4 million and the profit from discontinued operations of € 58.3 million, amounted to € 68.7 million. The basic earnings per share (EPS) amounted to € 3.59.

Development in the most important regions

From a regional perspective, the Asia/Pacific region is our largest sales market. After three months of 2024, it accounted for 80.6% of order intake and 86.7% of sales. China, Taiwan and Korea accounted for the largest shares of both key figures. The EMEA region contributed 10.5% and North America 9.0% to order intake.

BUSINESS DEVELOPMENT IN THE SEGMENTS

Advanced Backend Solutions segment

The Advanced Backend Solutions segment combines the development, manufacture and sale of the product lines imaging systems (mask aligner and UV projection scanner), coating systems (coater/developer as well as tools for inkjet-based coating processes) and bonding systems (permanent and temporary bonders). These product lines are manufactured in Germany at the locations in Garching, near Munich, and in Sternenfels, as well as at the Hsinchu location in Taiwan. The primary target market for this division is the advanced backend of the semiconductor industry.

Advanced Backend Solutions Key Figures

___________________________________________________

in € million Q1 2024 Q1 2023
Order intake 64.6 56.2
Sales 56.4 41.0
Order book 294.8 217.0
Gross profit 25.1 14.9
Gross profit margin 44.5% 36.3%
EBIT 7.2 0.7
EBIT margin 12.8% 1.7%

In the first three months of 2024, we generated an order intake of € 64.6 million in the Advanced Backend Solutions division (previous year: € 56.2 million), which corresponds to an increase of 14.9%. However, developments within the different product lines varied. Our customers' willingness to invest in imaging and coating solutions continued to decline significantly, reflecting the ongoing general market situation. In contrast, order intake for bonders increased significantly, tripling to a value of € 34.4 million. This was partly due to existing memory chip customers who use our temporary bonders, debonders and cleaning systems for the production of so-called HBM (high bandwidth memory) chips, thereby supporting the capacity expansion for AI chiplets. We have also acquired two new customers for temporary bonding, including another customer for the production of energy-efficient silicon carbide chips on 200 mm wafers. We also received an order for a wafer-to-wafer hybrid bonder for 200mm wafers.

The order book in the Advanced Backend Solutions segment amounted to € 294.8 million as of March 31, 2024, a significant increase from € 217.0 million as at March 31, 2023.

Division sales increased by € 15.4 million or 37.6% to € 56.4 million in the first three months of 2024 (previous year: € 41.0 million). Due to the high order intake in the second half of 2023, bonding sales more than doubled in the first quarter of 2024 compared to the same quarter of the previous year. Temporary bonding solutions accounted for around 80% of bonding sales in the past quarter.

The gross profit margin in the Advanced Backend Solutions segment improved significantly from 36.3% to 44.5% in the first three months of 2024. The higher sales volume and the associated cost degression effects contributed to this and we were able to achieve further production efficiencies in one product line.

The segment result increased from € 0.7 million to € 7.2 million in the first three months of 2024 resulting from the higher gross margin. The EBIT margin in the Advanced Backend Solutions division was therefore 12.8%, compared to 1.7% in the same period of the previous year.

Photomask Solutions segment

The Photomask Solutions segment covers the development, manufacturing, and sale of system solutions for cleaning and processing photomasks, primarily in the frontend of semiconductor production.

Photomask Solutions Key Figures
in € million Q1 2024 Q1 2023
Order intake 33.7 38.6
Sales 37.1 23.1
Order book 162.1 147.0
Gross profit 12.2 7.0
Gross profit margin 32.9% 30.3%
EBIT 8.2 3.7
EBIT margin 22.1% 16.0%

.

Order intake in the Photomask Solutions division fell slightly to € 33.7 million in the first three months of 2024 (previous year: € 38.6 million). However, after an order intake of € 9.4 million in the third quarter of 2023 and € 30.0 million in the fourth quarter of 2023, order momentum increased again and reached a pleasingly high level.

The order book in this segment increased to € 162.1 million as of March 31, 2024 after € 147.0 million on March 31, 2023. The expected delivery and installation dates for the systems are spread over the years 2024 and 2025.

Sales in the Photomask Solutions segment grew by € 14.0 million or 60.6% to € 37.1 million in the first quarter of 2024 (previous year: € 23.1 million). In addition to a generally high capacity utilization, we benefited from revenue that was recognized in the first quarter for two tools that had already been delivered to our customers in Q4 of 2023, but did not meet the criteria for revenue recognition.

The gross profit margin improved from 30.3% to 32.9% in the first three months of 2024, mainly due to the higher sales volume and a favorable product and customer mix.

As a result, the divisional EBIT more than doubled from € 3.7 million to € 8.2 million. The EBIT margin therefore amounted to 22.1% (previous year: 16.0%).

Central Group Functions

The Central Group Functions division includes costs and income of the central Group functions that cannot be allocated at divisional level. In the first three months of 2024, the segment recorded EBIT of € 58.4 million (previous year: € -0.3 million) and included the extraordinary income from the sale of the MicroOptics division completed in January 2024.

OUTLOOK

Demand for equipment and solutions from SUSS MicroTec remains high. In the first three months of 2024, we were able to achieve an order intake of € 98.3 million. Overall, we are confident about the further development of demand, although we are still waiting for the order situation for our imaging and coating solutions to recover. Negative effects, in particular due to geopolitical disputes, are still possible.

The order book of € 456.9 million as of March 31, 2024 and the associated very high level of utilization of our production capacities are an excellent basis for continuing our growth trajectory over the remainder of the 2024 financial year. Provided the situation in the global economy in general and the semiconductor and semiconductor equipment market in particular does not deteriorate unexpectedly and we are not again affected by increased administrative demands and delays in export clearances for deliveries to China, we continue to expect sales in a range of € 340 million to € 370 million for 2024. At the midpoint of the range, this would correspond to growth of 16.7%. Due to the high order book and high capacity utilization, the majority of the new orders we receive in the 2024 financial year will only be delivered and recognized in sales from the 2025 financial year onwards.

For the gross profit margin in full year of 2024, we continue to expect a range of 35 to 38%. We continue to expect the EBIT margin for 2024 to be in the range of 10 to 12%. For both key figures, we expect positive impulses from the higher level of sales and the associated economies of scale as well as a customer specific product mix. At the same time, we are still undergoing a growth transformation, which is associated with additional expenses in production and administration.

We therefore fully confirm the forecast for our key financial figures for the current 2024 financial year.

Garching, May 6, 2024

The Management Board of SÜSS MicroTec SE

signed signed signed
Burkhardt Frick Dr. Cornelia Ballwiesser Dr. Thomas Rohe
CEO CFO COO

FINANCIAL REPORT: CONSOLIDATED STATEMENT OF INCOME (IFRS)

in € thousand 01/01/2024
-
03/31/2024
01/01/2023
-
03/31/2023
Sales 93,503 64,043
Cost of sales -56,926 -42,048
Gross profit 36,577 21,995
Selling costs -5,526 -4,329
Research and development costs -9,191 -8,490
Administration costs -6,999 -5,765
Other operating income 1,055 1,668
Other operating expenses -1,055 -1,263
Net income from operations (EBIT) 14,861 3,816
Financial income 481 69
Financial expenses -100 -77
Financial result 381 -8
Earnings
before taxes (continuing operations)
15,242 3,808
Income taxes -4,854 -769
Earnings
after taxes (continuing operations)
10,388 3,039
Earnings
after taxes (discontinued operations)
58,327 -935
Net profit 68,715 2,104
Thereof equity holders of SUSS MicroTec 68,715 2,104
Thereof non-controlling interests 0 0
Earnings per share, continuing operations (basic) 0.54 0.16
Earnings per share, continuing operations (diluted) 0.54 0.16

STATEMENT OF COMPREHENSIVE INCOME (IFRS)

in € thousand 01/01/2024
-
03/31/2024
01/01/2023
-
03/31/2023
Net profit 68,715 2,104
Items that are not reclassified to profit and loss in future periods:
Actuarial gains / losses from defined benefit pension plans
(from the disposal of losses from the sale of subsidiaries)
1,650 0
Tax effects (from the disposal of losses from the sale of subsidiaries) -206 0
Other income after tax for items that are not reclassified as an
expense or income
1,444 0
Items that are reclassified in later periods
Foreign currency adjustment
gains and losses arising in the current period 196 -810
less transfers to the income statement -4,471 0
Foreign currency adjustment total -4,275 -810
Other income after tax for items that are reclassified as an expense
or income in future periods
-4,275 -810
Other comprehensive income (after tax) -2,831 -810
Total other comprehensive income 65,884 1,294
thereof equity holders of SUSS MicroTec 65,884 1,294
thereof
non-controlling interests
0 0

CONSOLIDATED BALANCE SHEET (IFRS)

in

thousand
03/31/2024 12/31/2023
LIABILITIES
AND SHAREHOLDERS'
EQUITY
EQUITY
Subscribed
capital
19,116 19,116
Reserves 224,606 157,323
Accumulated other comprehensive income -2,653 178
Equity 241,069 176,617
Total equity attributable to shareholders
SÜSS
of
MicroTec SE
241,069 176,617
NON-CURRENT
LIABILITIES
Pension plans and similar commitments 1,500 1,584
Provisions 1,675 1,675
Financial debt 5,037 5,313
Financial debt from
lease obligations
6,510 6,267
Other
financial
liabilities
332 332
Other
liabilities
0 0
Deferred
tax liabilities
15,858 11,207
non-current liabilities 30,912 26,378
CURRENT
LIABILITIES
Provisions 3,780 7,347
Tax liabilities 11,665 11,825
Financial debt 1,259 1,249
Financial debt from
lease obligations
2,568 2,349
Other
financial
liabilities
9,744 9,420
Trade payables 30,166 27,110
Contract
liabilities
76,879 87,038
Other
liabilities
7,445 7,411
Liabilities associated with assets held for
sale
0 12,988
Current
liabilities
143,506 166,737
TOTAL LIABILITIES
AND SHAREHOLDERS'
EQUITY
415,487 369,732
in € thousand 03/31/2024 12/31/2023
ASSETS
NON-CURRENT ASSETS
Intangible assets 5,184 5,499
Goodwill 18,552 18,494
Tangible assets 31,850 31,129
Other assets 578 511
Deferred tax assets 603 684
Non-current assets 56,767 56,317
CURRENT ASSETS
Inventories 178,774 166,708
Trade receivables 14,006 17,685
Contract assets 34,905 35,238
Other financial assets 582 1,009
Securities 9,783 9,895
Current tax assets 122 123
Cash and cash equivalents 108,022 38,114
Other assets 12,526 10,779
Assets held for sale 0 33,864
Current assets 358,720 313,415
TOTAL ASSETS 415,487 369,732

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (IFRS)

Accumulated
other
comprehensive
income
in

thousand
Subscribed
capital
Additional
paid-in
capital
Retained
earnings
Actuarial
gains
/
from
losses
defined
pension
benefit
plans
Tax
effects
Foreign
currency
adjustments
Tax
effects
Total
equity
attributable
to
shareholders
SÜSS
of
MicroTec
SE
As
of
January
01,
2023
19,116 55,822 100,628 -1,744 465 3,443 0 177,730
Net
profit
2,104 2,104
Other
comprehensive
income
-810 - -810
comprehensive
income
Total
1,294
Dividends
paid
0 0
As
of
March
31,
2023
19,116 55,822 102,732 -1,744 465 2,633 - 179,024
As
of
January
01,
2024
19,116 55,822 101,502 -3,278 638 2,817 - 176,617
Net
profit
68,715 68,715
Other
comprehensive
income
1,650 -206 -4,275 - -2,831
Total
comprehensive
income
65,884
Dividends
paid
0 0
Effect
from
the
divestment
of
a
subsidiary
-1,432 -1,432
As
of
March
31,
2024
19,116 55,822 168,785 -1,628 432 -1,458 - 241,069

CONSOLIDATED STATEMENT OF CASH FLOWS (IFRS)

in € thousand 01/01/2024
-
03/31/2024
01/01/2023
-
03/31/2023
Net profit 68,715 2,104
Adjustments to reconcile net income / (loss) to operating cash flows
Income / (loss) from discontinued operations (net of taxes) -58,327 935
Amortization of intangible assets 382 360
Depreciation of tangible assets 1,459 1,308
Profit / loss on disposal of intangible and tangible assets 1 44
Change of reserves on inventories 461 1,204
Change of reserves for bad debts 68 -38
Other non-cash effective income and expenses 627 -123
Change in inventories -12,727 -12,623
Change in contract assets 348 13,917
Change in trade receivables 3,545 -1,081
Change in other assets -1,387 -261
Change in pension provisions -72 213
Change in trade payables 3,418 -5,754
Change in contract liabilities -10,206 -203
Change in other liabilities and other provisions -3,199 -553
Change in tax assets and tax liabilities 4,210 95
Cash flow from operating activities -
continuing operations
-2,684 -456
Cash flow from operating activities -
discontinued operations
-325 2,333
Cash flow from operating activities -
total
-3,009 1,877
in € thousand 01/01/2024
-
03/31/2024
01/01/2023
-
03/31/2023
Disbursements for other tangible assets -1,103 -548
Disbursements for intangible assets -69 -221
Cash outflows due to investments within short-term commercial paper -9,783 -9,895
Cash income due to investments within short-term commercial paper 9,895 9,924
Cash flow from investing activities -
continuing operations
-1,060 -740
Cash flow from investing activities -
discontinued operations
74,912 -793
Cash flow from investing activities -
total
73,852 -1,533
Repayment of bank loans -313 -313
Repayment of rental and lease liabilities -608 -547
Change in other financial debt 47 0
Dividends paid 0 0
Cash flow from financing activities -
continuing operations
-874 -860
Cash flow from financing activities -
discontinued operations
0 -177
Cash flow from financing activities -874 -1,037
Adjustments to funds caused by exchange-rate fluctuations -61 -178
Change in cash and cash equivalents 69,908 -871
Funds at beginning of the year 38,114 51,364
Funds at end of the period 108,022 50,493
(thereof cash and cash equivalents from discontinued operations) 0 3,397
Cash flow from operating activities (continuing operations) including:
Interest paid during the period 56 40
Interest received during period 420 76
Taxes paid during the period 672 725

SEGMENT REPORTING (IFRS)

^^ Advanced Backend
Solutions
Photomask Solutions MicroOptics** Central Group Functions
Consolidation effects
Total
in € thousand 3M / 2024 3M / 2023 3M / 2024 3M / 2023 3M / 2024 3M / 2023** 3M / 2024 3M / 2023** 3M / 2024 3M / 2023 3M / 2024 3M / 2023
External Sales 56,427 40,917 37,073 23,073 1,329 6,333 3 53 94,832 70,376
Internal Sales - 38 - - - 558 - - - -596 - -
Total Sales 56,427 40,955 37,073 23,073 1,329 6,891 3 53 -596 94,832 70,376
Gross profit 25,117 14,867 12,218 7,021 -55 1,430 -758 -59 36,522 23,259
Gross profit margin 44.5% 36.3% 33.0% 30.4% -4.1% 20.8% 38.5% 33.0%
Other segment expenses / income (net) -17,876 -14,208 -3,985 -3,358 -270 -2,520 59,160 -224 37,029 -20,310
thereof intersegment cost allocation (net) -3,449 -2,325 -1,108 -758 -286 4,557 3,369 - -
thereof central services of SMT SE -3,449 -2,302 -1,108 -758 - -309 4,557 3,369 - -
Result per segment (EBIT) 7,241 659 8,233 3,663 -325 -1,090 58,402 -283 73,551 2,949
EBIT margin 12.8% 1.6% 22.2% 15.9% -24.5% -15.8% 77.6% 4.2%
Earnings before taxes 7,229 641 8,232 3,663 -325 -1,098 58,796 -273 73,932 2,933
Signifiant non-cash items -1,459 -484 76 -154 - 102 -14 75 -1,397 -461
Segment assets 201,981 183,511 62,832 44,924 29,451 18,459 24,524 -6,614 283,272 275,796
thereof goodwill 18,552 18,535 - 18,552 18,535
Unallocated assets 132,215 71,335
Total assets 415,487 347,131
Segment liabilities -74,996 -76,448 -44,983 -36,843 - -11,377 -3,973 -2,616 6,614 -48,956 -120,670
Unallocated liabilities -125,462 -47,437
Total liabilities -174,418 -168,107
Depreciation and amortization 925 1,030 458 176 792 458 435 1,841 2,433
thereof scheduled 925 1,030 458 176 -
-
792 458 435 1,841 2,433
thereof impairment loss - - - - - - - - - -
Capital expenditure 749 363 250 134 - 794 173 271 1,172 1,562
Employees as of March 31 997 854 233 201 - 167 43 39 1,273 1,261

*discontinued operations

** EUR 9 thousand in revenue for 2023 was reclassified from the MicroOptics segment to the Group Functions segment, as this relates to revenue from continuing operations.

Segment informationen by region*
in € thousand
Sales CapEx Assets (without goodwill)
EMEA 7,514 10,359 743 1,411 238,917 247,149
North-America 4,862 8,937 - - 3,055 6,367
Asia and Pacific 82,456 51,080 429 151 22,748 17,707
Consolidation effects -13,962
Total 94,832 70,376 1,172 1,562 264,720 257,261

*including discontinued activities

RECONCILIATIONS AND STATEMENTS OF DISCONTINUED OPERATIONS

Reconciliation of sales revenue and the key earnings figures EBIT and EBT from segment reporting to the consolidated income statement

in € thousand 01/01/2024
-
03/31/2024
01/01/2023
-
03/31/2023
Sales according to segment reporting 94,832 70,376
-
MicroOptics sales
-1,329 -6,891
+ sales by MicroOptics with Group companies - 558
Sales according to the statement of income 93,503 64,043
in € thousand 01/01/2024
-
03/31/2024
01.01.2023
-
31.03.2023
EBIT according to segment reporting 73,551 2,949
+ Financial income 481 69
-
Financial expenses
-100 -85
EBT Group 73,932 2,933
-
EBT MicroOptics division
-325 -1,098
-
Intercompany transfers
-59,015 -223
EBT according to the statement of income 15,242 3,808

The following tables show the assets and liabilities of the discontinued operations and the divested subsidiary SUSS MicroOptics S.A. at the time of disposal from the Group and the composition of the result from discontinued operations in the first quarter of 2024.


in
thousand
Intangible
assets
117
Tangible
assets
21,641
Inventories 7,193
Trade
receivables
3,422
Cash
and
cash
equivalents
642
Other
current assets
849
Total
assets disposed
of
33,864
Pension
plans
and
similar
commitments
4,661
Financial
debt
from
lease
obligations
IFRS16
(non-current)
4,045
Other
current liabilities
239
Other
current provisions
591
from
IFRS16
(current)
Financial
debt
lease
obligations
779
Ohter
financal
liabilities
1,077
Trade
payables
1,371
Contract
liabilties
303
Other
current liabilities
262
Total
liabilities
disposed
of
13,328
Net
assets disposed
of
20,536
Accumulated
other
comprehensive
income
-4,640
Divesting
costs
104
Gain
on disposal
59,015
in

thousand
01/01/2024
- 03/31/2024
Net
sales
1,329
Ohter
income
0
Expenses -1,654
Ordinary
income
/
(loss)
from
discontinued
operations
(before
tax)
-325
tax expense /
Income
income
0
Ordinary
income
/
(loss)
from
discontinued
operations
(after
tax)
-325
Gain
/
(loss)
recognized
on disposal
of
discontinued
operations
(befire
tax)
59,015
Income
tax expensive
/
income
-363
Gain
/
(loss)
recognized
on disposal
of
discontinued
operations
(net
of
tax)
58,652
/
(loss)
(net
tax)
Income
from
discontinued
operations
of
58,327

FINANCIAL CALENDAR 2024

2024 Quarterly Report (Q1) May 8, 2024
2024 Shareholders' Meeting June 11, 2024
2024 Half-Year Report August 7, 2024
2024 Quarterly Report (Q3) November 7, 2024

CONTACT

SÜSS MicroTec SE

Schleissheimer Strasse 90 85748 Garching, Germany Phone: +49 89 32007-100 E-mail: [email protected]

Investor Relations Phone: +49 89 32007-151 / 161 E-mail: [email protected] www.suss.com

Forward-looking statements: Interim reports include forward-looking statements. Forward-looking statements do not present historical facts but include statements about expectations and the views of the management of SÜSS MicroTec SE. These statements are based on current plans, estimates, and forecasts of the Company's management. Investors should not place undue reliance on these statements. Forward-looking statements are to be understood in the context of the time at which they were made. The Company does not assume any obligation to update the forward-looking statements included in this report as a result of new information or future events. The Company's obligation to comply with its statutory responsibilities regarding information and reporting remains unaffected. Forward-looking statements always involve risks and uncertainties. A large number of factors that are described in this report could cause actual events to deviate substantially from the forward-looking statements included in this report.

www.suss.com

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