Singulus Technologies AG

Earnings Release • Nov 5, 2009

News Details

Ad-hoc | 5 November 2009 07:31

SINGULUS TECHNOLOGIES Reports 9-Month Figures and Adjusts Balance Sheet to Economic Conditions

SINGULUS TECHNOLOGIES AG / Quarter Results

05.11.2009

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
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Ad hoc announcement pursuant to § 15 WpHG

SINGULUS TECHNOLOGIES Reports 9-Month Figures and Adjusts Balance Sheet to
Economic Conditions

Kahl am Main, November 5, 2009 - SINGULUS TECHNOLOGIES achieved cumulated
sales in the amount of EUR 95.9 million during the first nine months of
2009 (previous year: EUR 149.9 million). The order intake is characterized
by weak business in the segments Optical Disc and Solar. It came to EUR
56.0 million during the first nine months of 2009 which is significantly
lower than the EUR 197.4 million reached in the prior-year period. The
order intake in the 3rd quarter 2009 also declined and dropped to EUR 15.2
million (Q3 2008: EUR 42.2 million) The order backlog amounted to EUR 30.3
million as of September 30, 2009 (previous year: EUR 103.4 million).

On an operating basis (before extraordinary write-offs) the EBIT was
negative at EUR -13.9 million (previous year: EUR -11.7 million). However,
the gross margin improved to 31.6 % during the first nine months of the
business year 2009 (previous year: 28.1 %).

The Executive Board of the SINGULUS TECHNOLOGIES AG once again reviewed all
positions in the company in detail with respect to necessary adjustments
and write-offs. In the course of the meeting on November 4, 2009 it was
resolved to perform balance sheet-relevant write-offs of EUR 37.4 million
in total.

Specifically, write-offs on inventories and receivables amount to EUR 19.3
million. The assets of HamaTech APE are reduced in the balance sheet due to
a revaluation of the business activities by EUR 8.6 million. The intangible
assets from the Oerlikon acquisition in spring 2008 are written off by
around 50 %, i.e. by EUR 9.5 million. This results in non-cash write-offs
in the total amount of EUR 37.4 million.

The restructuring charges incurred in the 3rd quarter 2009 amounted to EUR
3.3 million and will result in significant savings in personnel expenses
from 2010.

Therefore, taking into account the extraordinary items a negative EBIT in
the amount of EUR -53.3 million results. In the 3rd quarter the EBIT before
one-time charges amounted to EUR -6.2 million. Including the extraordinary
expenses SINGULUS posted a negative EBIT totaling EUR -42.7 million in the
quarter under review (previous year: EUR -39.0 million).

A pick-up in the overall business activities has not yet taken place in the
3rd quarter 2009 either. Accordingly, for the business year 2009 SINGULUS
therefore confirms sales in a range of EUR 115 to 125 million with
significantly negative earnings.

The overall economic situation is expected to improve once again in 2010.
In addition, the restructurings implemented in 2009 - together with the
completed adjustments and write-offs - will result in a significant
reduction of the cost base in the coming years.

SINGULUS TECHNOLOGIES is sure that the company, as the market leader in the
Optical Disc segment and with new products in the Solar segment, will again
be able to stabilize its operations and to generate sustainable positive
earnings.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890

Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6181 98280 20/
+491709202924

05.11.2009 Financial News transmitted by DGAP

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Language: English
Company: 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: bernhard.krause@go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

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