Singulus Technologies AG

Earnings Release • Nov 5, 2014

News Details

Ad-hoc | 5 November 2014 20:01

SINGULUS TECHNOLOGIES Reports Preliminary Financial Key Figures for the First Nine Months

SINGULUS TECHNOLOGIES AG / Key word(s): 9-month figures/Forecast

05.11.2014 20:01

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Ad hoc announcement pursuant to § 15 WpHG

SINGULUS TECHNOLOGIES Reports Preliminary Financial Key Figures for the
First Nine Months

Kahl am Main, November 05, 2014 - The financial key figures of the first
nine months of 2014 of SINGULUS TECHNOLOGIES as well as the projections for
the full-year are negatively impacted by the weak course of business in the
Optical Disc segment as well as further delays in agreement conclusions in
the Solar division.

Accordingly, during the first nine months of the current business year
SINGULUS TECHNOLOGIES recorded sales of EUR 52.8 million and is thus
significantly below the level of the prior-year period in the amount of EUR
93.1 million. Sales in the 3rd quarter amounted to EUR 22.7 million
(previous year: EUR 43.9 million). During the first nine months of the
business year 2014 the order intake of EUR 48.4 million (previous year: EUR
82.6 million) was substantially below the comparable figures one year ago.
In the quarter under review the order intake came to EUR 23.2 million
(previous year: EUR 33.8 million). The order backlog as per September 30,
2014 amounted to EUR 15.9 million and was thus below the comparable level
as of September 30, 2013 (EUR 29.6 million).

Due to the changes in the Optical Disc segment and the still challenging
situation in all of the other segments, SINGULUS TECHNOLOGIES had to
implement a series of measures, which will have an additional adverse
impact on the financial key figures. SINGULUS TECHNOLOGIES will continue to
adjust to the changed business and market conditions. The Executive Board
has resolved comprehensive measures owing to the business situation. In the
context, the review of all balance sheet items in terms of impairments
resulted in write-offs on the goodwill in the Solar division by EUR 15.0
million. For the Optical Disc segment the customer base resulting from the
acquisition of the Blu-ray activities of the Oerlikon Balzers AG in the
business year 2008 was reevaluated and completely written off by EUR 4.9
million. These balance sheet adjustments do not affect the liquidity of the
company and do not result in cash outflows, either.

The sustained difficult business situation leads to the resolution of
extensive restructuring programs for the company. In particular, cost
savings for cost of materials and personnel expenditures are planned. The
one-off restructuring charges are in a range of EUR 3.5 million and will be
incurred in the quarter under review as well as mainly in the fourth
quarter.

Due to the decline in business volume in the Optical Disc segment, the loss
on an operating level (EBIT) before extraordinary charges increased
materially and amounted to EUR -18.3 million in the first nine months of
the current business year compared with EUR 1.4 million incurred in the
first nine months of 2013. In addition, extraordinary charges amounting to
EUR 20.4 million were incurred. In the period under review the EBITDA
totaled EUR -14.8 million (previous year: EUR 5.8 million).

For the full business year the company thus projects on operating loss
(EBIT) before extraordinary charges in a range of EUR -26.0 to -29.0
million. Including extraordinary charges the operating result (EBIT) for
the full-year is expected to be in a range of EUR -49.0 to -52.0 million.
The net results for the full-year including taxes and the financial result
will be in a range of EUR -53.0 to -56.0 million.

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

Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924

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@singulus.de
Internet: www.singulus.de
ISIN: DE0007238909, DE000A1MASJ4
WKN: 723890, A1MASJ
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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