Singulus Technologies AG

Earnings Release • Aug 2, 2012

News Details

Ad-hoc | 2 August 2012 22:23

SINGULUS TECHNOLOGIES Reports Preliminary Results for the 1st Half of 2012

SINGULUS TECHNOLOGIES AG / Key word(s): Preliminary Results

02.08.2012 22:23

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Ad hoc announcement pursuant to § 15 WpHG

SINGULUS TECHNOLOGIES Reports Preliminary Results for the 1st Half of 2012

• Segments with mixed developments

• Key figures for the 1st half 2012 below prior-year levels

• Sustained delays in order intake in the optical disc segment

• Positive earnings 2012 still goal but challenging

• External growth in the spotlight

Kahl am Main, August 02, 2012 - The SINGULUS TECHNOLOGIES Group (SINGULUS)
reports preliminary results for the 1st half of the business year 2012. In
the period under review the order intake came to EUR 87.0 million (previous
year: EUR 115.0 million). In particular the order intake in the 2nd quarter
was below the level achieved in the same period one year ago due to delays
in orders received for Blu-ray production machines. As of June 30, 2012 the
order backlog stood at EUR 70.2 million, which is below the EUR 85.9
million achieved in the prior-year. In the first six months of the year
2012 SINGULUS realized sales of EUR 43.6 million (previous year: EUR 64.6
million), thereof EUR 27.6 million in the 2nd quarter (previous year: EUR
44.8 million).

In the 1st half of 2012 earnings before interest and taxes (EBIT) stood at
EUR -12.4 million (previous year: EUR -0.2 million). The EBIT of the 1st
half of 2012 includes extraordinary expenses in the amount of EUR 2.6
million. These mainly concern burdens from the legal challenge in
connection with the merger and balance sheet losses due to foreign exchange
translations. In the quarter under review the EBIT was negative and came to
EUR -6.7 million (previous year: EUR 2.3 million).

SINGULUS' key financial figures in the 1st half of 2012 were heavily
impacted by the mixed trends in the various segments. In particular the
sustained delays in the order intake in the Optical Disc division for
production machines of the BLULINE II type have had a negative impact on
the key figures. In the Solar division the order intake in the wet-chemical
area fell short of expectations. However, overall the order intake in the
Solar division is satisfactory. Especially the development of the order
intake in the Semiconductor division with currently five machines is very
positive.

Optical Disc segment
Despite the sustained delays in the intake of orders for Blu-ray
manufacturing systems which have impacted our financial key figures in the
current year, we still view the Optical Disc segment positively in the
future. Together with the sales share from the service activities we expect
SINGULUS to deliver good earnings contributions here in the next couple of
years.

Solar segment
The market for production machines for solar cells has not yet recovered in
2012. We expect these uncertainties to prevail in the business year 2013.
Despite the difficult environment we expect to benefit from the
prospectively growing market with our technologically leading photovoltaic
production machines.

Semiconductor segment
SINGULUS is the leading supplier for vacuum coating machines for MRAM wafer
and write/read heads. With its well engineered machine technology SINGULUS
is at the forefront to benefit from this growth stemming from an increasing
demand for MRAM memory chips and to sell significantly more machines in the
market. In particular for the upcoming industrial manufacturing of MRAM
wafer, we are excellently positioned with our machines.

Outlook
SINGULUS works relentlessly on the planned expansion of business
activities. One possibility is the broadening in the area of vacuum
coating. SINGULUS is currently reviewing possible acquisitions in this
field. Nevertheless, at the same time the market is also analyzed for other
potential acquisition targets, which can be reasonably integrated into the
company's spectrum of work areas.

The next couple of weeks provide the possibility for us to receive
additional orders, which can still make a positive earnings contribution in
the business year 2012. Against the background of the Euro-crisis and the
uncertain global economy we regard however it increasingly more challenging
to achieve our expressed expectation of positive full-year results.

Contact:
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 / +49 (0) 170 9202924

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Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Germany
Phone: +49 (0)1709202924
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, Düsseldorf, Hamburg, München, Stuttgart

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