Earnings Release • Feb 10, 2009
Earnings Release
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Corporate | 10 February 2009 07:40
Singulus Technologies AG Meets Forecast for 2008
SINGULUS TECHNOLOGIES AG / Preliminary Results
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Press Release
SINGULUS Meets Forecast for 2008
Sales forecast met at € 213 million
Positive EBIT before restructuring charges achieved
Order intake and order backlog 2008 above prior-year levels
Kahl am Main, February 10, 2009 - According to preliminary results the
SINGULUS TECHNOLOGIES Group (SINGULUS) achieved sales amounting to € 213
million for the 2008 business year and thus met its own forecast
(€ 210 million to € 230 million).
Earnings before interest and taxes (EBIT), excluding restructuring charges,
were positive in 2008.
At € 226.4 million the order intake for the full year 2008 was 11 % higher
than the level of € 203.8 million achieved in 2007. The order backlog of €
69.0 million also exceeded the prior-year total (€ 55.8 million) by 24 %.
In the fourth quarter of 2008 the order intake of € 29.0 million was weak
as expected. The order intake for Blu-ray machines in the first two
quarters of 2008 was significantly higher than estimated. The capacities
required for Blu-ray in 2008 had largely been ordered by the end of June.
Stefan A. Baustert, CEO of SINGULUS: 'We had an unexpectedly high order
intake for Blu-ray machines in the first half year. The sales of machines
for CD and DVD production declined significantly in the second half of
2008. We expect Blu-ray to win further recognition internationally in 2009
and to gain in importance in subsequent years.'
A clearly improved order intake was realized in the solar segment in
comparison to the prior year. In the fourth quarter, merely, SINGULUS
experienced a slowdown because of the financial and economic crisis.
Stefan A. Baustert concludes: 'We think the solar sector will regain
momentum in the medium term following a quiet start to 2009. Less expensive
solar modules will result in an increase in demand. The state subsidies
available in many countries all around the world will underpin and
strengthen this trend. SINGULUS will thus be able to prove its core
competence and to produce machines for the solar market which exhibit the
best cost of ownership and therefore contribute substantially towards cost
reductions in the area of renewable energy.'
SINGULUS TECHNOLOGIES AG will publish the full report for the 2008 business
year in Frankfurt on March 27, 2009.
Short profile of SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES AG will focus on the segments Optical Disc and Solar
in the future. In the Optical Disc segment the spotlight will be on global
market leadership for Blu-ray production equipment as well as the market
launch of the new inline mastering system for Blu-ray.
With STANGL continuing to experience very strong growth rates, SINGULUS
TECHNOLOGIES has taken the decision to rapidly expand the Solar segment.
SINGULUS TECHNOLOGIES developed a new solar coating machine named SINGULAR
in 2008. The new machine is based on the know-how gained in the Optical
Disc core area.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
For further information please contact:
Robert Adolph, Head of Investor Relations,
SINGULUS TECHNOLOGIES AG, Tel.: + 49 (0) 6188 - 440612, or
Bernhard Krause, Corporate Communications,
SINGULUS TECHNOLOGIES AG, Tel.: + 49 (0) 170 920 29 24
Bernhard Krause, Corporate Communications,
SINGULUS TECHNOLOGIES AG, Tel.: + 49 (0) 170 920 29 24
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]
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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