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SÜSS MicroTec SE — Earnings Release 2017
Mar 27, 2018
422_ip_2018-03-27_963d2743-da15-4420-887a-082c01576e52.pdf
Earnings Release
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SUSS MICROTEC – FULL YEAR RESULTS 2017
MARCH 27, 2018
HIGHLIGHTS 2017
- Order entry of more than € 200 million
- First volume orders for temporary bonding systems for 3D-integration
- Bonder segment achieved turnaround and was highly profitable in 2017
- Follow-up order from Asian customer for UV-projection scanners
- Development of a new UV-projection scanner generation
SHARE PRICE DEVELOPMENT AND MAJOR HOLDERS
(Price of the SUSS MicroTec Share at January 2, 2017: 6.54 € )
Average daily trading volume January 2017 – March 2018: ~ 118.000
| in € million | delta 2017/2016 | 2017 | 2016 | 2015 |
|---|---|---|---|---|
| Order Intake | +24.3% | 200.3 | 161.1 | 188.6 |
| Order Backlog 12/31 | +31.4% | 133.4 | 101.5 | 117.6 |
| Revenue | -6.2% | 166.5 | 177.6 | 148.5 |
| EBIT | +25.2% | 13.9 | 11.1 | 5.0 |
| EBIT in % of Sales | +2.1%pts | 8.3% | 6.3% | 3.4% |
| Earnings after tax | +34.0% | 6.7 | 5.0 | 0.2 |
| EPS in € | +34.6% | 0.35 | 0.26 | 0.01 |
| Free Cash Flow | -- | 2.9 | -9.1 | 1.3 |
| Net Cash | +6.1% | 33.0 | 31.1 | 40.0 |
| Employees 12/31 | +9.6% | 779 | 711 | 698 |
SEGMENTS, ORDER ENTRY, SALES AND EBIT 2017
SUSS MicroTec Group FY 2017* Sales: 166.5 € million
EBIT: 13.9 € million EBIT margin: 8.3%
* Including Others
LONG TERM BUSINESS DEVELOPMENT
Order Entry in € million Sales in € million
Order Backlog in € million
Free Cash Flow** in € million
Net Cash in € million
EBIT in € million
* Including a -13.2 € milion one-off effect from restructuring of the product line permanant bonding (-0,69 € per share) ** FCF = operating CF + CF from investments + changes in securities holdings
LONG TERM BUSINESS DEVELOPMENT BY QUARTER
Order Entry in € million
Sales in € million
OUTLOOK
- Gartner expects the semiconductor market to grow by 7.5% in 2018 after 22.2% in 2017
- This would mark a new record sales level of USD 451 billion for the semiconductor industry in 2018
- Market growth is driven by automotive and industrial applications as well as memory chips and the internet of things
- Semi expects a market growth of +7.5 % in the semiconductor-equipment industry in 2018 after 35.6% in 2017
- Wafer fab equipment incl. Wafer-level packaging grew by +17.9% in 2017 (according to Gartner)
- Yole expects the MEMS-market to grow by +16.7% (CAGR) from 2016 to 2022( unit growth)
| | FY 2018: | Sales € 195 - 205 million EBIT-margin 8.5% - 10.0% |
|---|---|---|
| | H1 2018: | Order entry € 70 - 80 million |
LONG TERM SALES DEVELOPMENT IN MIO. €
Average sales level 1999 – 2017: appr. € 150 million
This presentation contains forward-looking statements relating to the business, financial performance and earnings of SUSS MicroTec SE and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of SUSS MicroTec SE. Consequently, actual developments as well as actual earnings and performance may differ materially from those which explicitly or implicitly assumed in the forward-looking statements. SUSS MicroTec SE does not intend or accept any obligation to publish updates of these forward-looking statements.
SÜSS MicroTec SE Schleissheimer Str. 90 85748 Garching
www.suss.com