Singulus Technologies AG

Earnings Release • Aug 2, 2005

News Details

Ad-hoc | 2 August 2005 08:01

SINGULUS TECHNOLOGIES Announces Results for the 2nd Quarter of 2005

Ad hoc announcement §15 WpHG Company results SINGULUS TECHNOLOGIES Announces Results for the 2nd Quarter of 2005 Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— SINGULUS TECHNOLOGIES Announces Results for the 2nd Quarter of 2005 – Markedly improved order intake in the 2nd quarter 2005 – Lower revenues and earnings as expected – First orders received for HD DVD and Blu-ray systems – Delivery of second OPTICUS system in August – Asian market shows first signs of recovery Kahl am Main, August 2, 2005 – The SINGULUS TECHNOLOGIES AG (SINGULUS) recorded a significantly higher order intake in the 2nd quarter 2005 compared with the two preceding quarters. At 78.7 million EUR, this important indicator clearly exceeded 1st quarter figures of 34.3 million, but – as expected – remained below previous year’s level of 146.4 million EUR. As of June 30, 2005, the order backlog of 70.7 million EUR (previous year 215.9 million EUR) also recorded a considerable rise compared with the 1st quarter (40.6 million EUR) once again. Revenues in the 2nd quarter 2005 totaled 48.7 million EUR and could not keep up with comparable prior-year figures (91.0 million EUR). Revenues for the 1st half of 2005 amounted to 99.1 million EUR, below the 160.4 million EUR achieved in the same period one year ago. The redundancy measures initiated in January reduced the number of employees within the Group during the first half of the year from 736 as of December 31, 2004 to 638 as of June 30, 2005 (previous year 709). The decline in revenues and earnings compared with the same period one year ago results from the weak order intake in the two preceding quarters. Despite the still tense situation on both the American as well as the Asian markets, SINGULUS has overcome the previous weak quarters. Its technologic leadership enabled SINGULUS to return to the positive order trends of the past in the two markets again. Following three quarters of decline the order intake increased for the first time again in Asia in the second quarter of 2005. As communicated since the beginning of the year, 2005 will be a year of transition for the SINGULUS Group with a significant decline in revenues and earnings compared with 2004. Based on today’s knowledge, we expect to achieve total revenues of 240-250 million EUR. Depending on the product mix a high single-digit EBIT is projected for the fiscal year. We see considerable growth potential in our core business in 2006, amongst others due to the introduction of the third generation of optical disc machines as well as the new dual layer DVD R system. In addition, our new product OPTICUS will be able to contribute to revenues and earnings for the first time in 2006. After a year of strong consolidation comparable to the transition from 2000 to 2001, the entire sector and therefore also SINGULUS will regain growth momentum in 2006. SINGULUS TECHNOLOGIES – Consolidated key figures 1st half-year 2002 2003 2004 2005 US-GAAP US-GAAP IFRS IFRS Revenues Mio. Euro 110,3 139,2 160,4 99,1 Order intake Mio. Euro 169,6 225,6 297,6 113,0 Order backlog 30.06. Mio. Euro 115,0 144,9 215,9 70,7 EBIT Mio. Euro 19,1 21,4 17,9 1,2 EBT Mio. Euro 19,9 22,0 18,7 1,9 Consolodated net profit Mio. Euro 12,6 14,0 11,6 1,3 Earnings per share Euro 0,34 0,38 0,31 0,04 Employees 30.06. 456 527 709 638 For the first time SINGULUS TECHNOLOGIES also reports the quarterly results for the fiscal year 2005 according to International Financial Reporting Standards (IFRS). Previous year’s figures were adjusted to IFRS accordingly. For further information please contact: Maren Schuster, Investor Relations Tel.: + 49 (0) 6188 440 612 Bernhard Krause, Corporate Communications Tel.: + 49 (0) 6181 98280 20 SINGULUS TECHNOLOGIES AG Hanauer Landstrasse 103 63796 Kahl am Main Deutschland ISIN: DE0007238909 (TecDAX) WKN: 723890 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 02.08.2005 020801 Aug 05