AI assistant
Singulus Technologies AG — Earnings Release 2014
Sep 18, 2014
394_rns_2014-09-18_251d599c-8460-44f3-8522-27b8f097068a.html
Earnings Release
Open in viewerOpens in your device viewer
News Details
Ad-hoc | 18 September 2014 22:14
SINGULUS TECHNOLOGIES Adjusts Full-Year Forecast for 2014
SINGULUS TECHNOLOGIES AG / Key word(s): Profit Warning
18.09.2014 22:14
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement pursuant to § 15 WpHG
SINGULUS TECHNOLOGIES Adjusts Full-Year Forecast for 2014
Kahl am Main, September 182014 - SINGULUS TECHNOLOGIES (SINGULUS) had made
its forecast for the business year 2014 based on the respective
developments of the key financial figures within the three segments Optical
Disc, Semiconductor and Solar.
For the Optical Disc segment in its annual budget for 2014 the Executive
Board had already projected lower sales and earnings (EBIT) than in the
business year 2013. Following talks with key Optical Disc customers
SINGULUS now has to concede that the current year will fall short of
expectations since no larger investments for Blu-ray Disc production
machines are planned for 2014. This has an adverse impact on the course of
business for SINGULUS in the 2nd half of 2014. In addition, order intake in
the Solar division is delayed. Accordingly, the Executive Board expects the
losses incurred in the first half of the business year 2014 to expand
further. Due to the business situation a restructuring program will be
resolved for the company, which will include significant cost reductions.
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
E-Mail: [email protected]
18.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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: [email protected]
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