Earnings Release • May 8, 2007
Earnings Release
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Corporate | 8 May 2007 07:45
SINGULUS TECHNOLOGIES Reports Positive Financial Key Figures for the 1st Quarter of 2007
SINGULUS TECHNOLOGIES AG / Quarter Results
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Press release
SINGULUS TECHNOLOGIES Reports Positive Financial Key Figures for the 1st
Quarter of 2007
Kahl am Main, May 8, 2007. Compared with the previous year the 1st quarter
2007 showed a significant improvement in the adjusted operating result and
the operating margin for SINGULUS TECHNOLOGIES (SINGULUS). The operating
result (EBIT) in the 1st quarter 2007 amounted to € 0.2 million. In the
previous year an EBIT of € 7.0 was posted, which however included an
extraordinary one-off net earning of € 14.0 million. Insofar the operating
earnings situation was substantially improved by the implemented cost
reduction programs of the past two years.
The gross margin came to 29.2 % of net sales overall (Q1/06: 21.8 %). This
increase results from the first time sales generation in the segment Nano
Deposition Technologies (NDT) and a general margin improvement in the
segment CD and DVD.
Although the segments Manufacturing Services, Slovakia, and ETA-Optik are
no longer included in the sales of the 1st quarter 2007, the consolidated
sales increased to € 49.8 million (Q1/06: € 48.8 million). Adjusting
previous year’s figures for the sales contributions of sold segments, an
increase in sales of 9.5 % was realized. The sales in the quarter under
review for the first time included revenues from the sales of two TIMARIS
machines.
With the acquisition of the HamaTech AG in January 2006 an order backlog in
the amount of € 42.6 million was acquired, which together with the
continuing order intake of € 64.9 million in the 1st quarter 2006 resulted
in an order intake totaling € 107.5 million. An adjustment of the
continuing order intake in the amount of € 64.9 million by the segments of
the HamaTech Group, which are not being continued, results in an amount of
€ 55.6 million. Therefore, the order intake in the 1st quarter 2007
totaling € 60.4 million on a like-for-like basis (continuing order intake
2006 and 2007) is above previous year's level. The order backlog of € 92.1
million as of March 31, 2007 was below previous year’s level (Q1/06: €
119.5 million). However, the comparable figure also includes the order
backlog in the amount of € 42.6 million acquired from HamaTech.
The number of employees in the SINGULUS Group continued to decline and
dropped from 1,240 employees as of March 31, 2006 to 699 as of March 31,
2007. Adjusted for the discontinued operations at HamaTech, the comparable
figure for previous year’s quarter amounts to 860 employees.
SINGULUS will report the guidance for the full-year 2007 with the
announcement of the results for the 2nd quarter.
SINGULUS consolidated key figures pursuant to IFRS (unaudited)
1st quarter 2004 2005 2006 2007
Sales (gross) in mn. € 69.4 50.4 48.8 49.8
Order intake in mn. € 139.9 34.3 107.5* 60.4
Order backlog as of March 31 in mn. € 160.5 40.6 119.5 92.1
EBIT in mn. € 6.6 0.9 7.0** 0.2
EBT in mn. € 7.1 1.3 7.2 0.6
Consolidated net profit in mn. € 4.3 0.8 9.6 0.7
Earnings per share € 0.12 0.02 0.28 0.02
Number of employees as of March 702 692 1,240 699
31
* incl. € 42.6 million order backlog from the HamaTech acquisition
** incl. € 14.0 million one-off earning from the HamaTech acquisition
Short profile SINGULUS TECHNOLOGIES
In 2007, SINGULUS will focus on realizing the following goals:
Clear market leadership in all work areas of Optical Disc in order to
benefit disproportionately from the growth of the new format
generation.
Expansion of market leadership for photo mask cleaning and processing
machines for the semi-conductor industry.
Extensive further development of our segments 'Nano Deposition
Technologies', 'Optical Coatings' as well as 'Decorative Coatings' to
become work areas with increasing sales and earnings contributions.
Consistent expansion of the activities in the next couple of years by
means of set-up of new work areas through acquisitions.
With this strategy we will safeguard the future of the company and generate
new potential for future growth.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
For further information please contact:
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6181 98280 20
Language: English
Issuer: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main Deutschland
Phone: +49 (0)6188 440-105
Fax: +49 (0)6188 440-110
E-mail: [email protected]
www: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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