AI assistant
SÜSS MicroTec SE Interim / Quarterly Report 2026
422_10-q_2026-05-06_263d7924-97f7-4cb5-bd95-c88967094889.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
SUSS
2026
Interim Statement as of March 31, 2026
Growing Innovation
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Key Figures
SUSS-Group
for the period from January 1, 2026, to March 31, 2026
| in Mio. € | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Business development | |||
| Order intake | 149.3 | 88.1 | +69.5% |
| Order book as of March 31 | 330.1 | 391.0 | -15.6% |
| Sales | 86.5 | 124.9 | -30.7% |
| Gross profit | 31.2 | 48.9 | -36.2% |
| Gross profit margin | 36.1% | 39.2% | -3.1%-points |
| Cost of sales | 55.3 | 76.0 | -27.2% |
| Research and development expenses | 12.2 | 10.9 | +11.9% |
| EBITDA | 7.7 | 24.4 | -68.4% |
| EBITDA margin | 8.9% | 19.5% | -10.6%-points |
| EBIT | 3.7 | 22.5 | -83.6% |
| EBIT margin | 4.3% | 18.0% | -13.7%-points |
| Earnings of continuing operations (after taxes) | 2.5 | 16.6 | -84.9% |
| Net profit | 2.5 | 16.6 | -84.9% |
| Earnings per share, basic (in €) | 0.13 | 0.87 | -85.1% |
| in Mio. € | Q1 2026 | Q1 2025 | Change |
| --- | --- | --- | --- |
| Balance sheet and cash flow | |||
| Equity | 318.7 | 297.9 | +7.0% |
| Equity ratio | 60.7% | 58.0% | +2.7%-points |
| Balance sheet total | 524.7 | 513.8 | +2.1% |
| Net cash | 72.0 | 130.0 | -44.6% |
| Free cash flow | 23.2 | 8.9 | - |
| Further key figures | |||
| Capital expenditure | 2.5 | 1.7 | +47.1% |
| Capital expenditure ratio | 2.9% | 1.4% | +1.5%-points |
| Depreciation | 4.0 | 1.9 | +110.5% |
| Employees as of March 31 | 1,484 | 1,509 | -1.7% |
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Content
Interim Statement as of March 31, 2026
4
- Business development 4
- Development of the segments 5
- Net assets and financial position 7
- Risks and opportunities 7
- Outlook 8
Interim Financial Statements (unaudited)
9
- Consolidated income statement (IFRS) 9
- Statement of comprehensive income (IFRS) 10
- Consolidated balance sheet (IFRS) 11
- Consolidated statement of changes in equity (IFRS) 13
- Consolidated statement of cash flow (IFRS) 14
Additional Information
16
- Segment reporting (IFRS) 16
- Earnings per share 19
Financial calendar / Contact / Imprint
20
"We started the new financial year with exceptionally strong customer demand and received orders totaling €149.3 million between January and March. This also marked the highest quarterly order intake in SUSS's history. Both segments — Advanced Backend Solutions and Photomask Solutions — contributed to this performance. We successfully secured significantly more solutions with the world's leading semiconductor manufacturers, to be deployed in the value chain for Al chip modules. Further, demand from customers in mainstream applications also increased noticeably — including customers in China.
From a sales perspective, Q1 2026 sales of €86.5 million was weak as expected and reflects the low order intake in Q2 and Q3 2025. We remain confident that we will achieve our full-year 2026 sales as well as our profitability targets.
In the coming months, we expect order momentum to remain very strong and we are temporarily boosting our production capacity to operationally meet the strong market demand. In parallel, we are pushing ahead with our development projects to bring at least four new solutions to market later in the year."
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
三
Interim Statement
for the periode from January 1, 2026, to March 31, 2026
Note: The figures for the comparative period have been retrospectively adjusted to reflect changes in accounting policies. Please refer to the explanations in the "Notes" section of this interim Statement on page 19.
Business performance
SUSS started financial year 2026 with a solid business performance. Due to the low order intake in mid-2025, Group sales came in at €86.5 million (prior year: €124.9 million), as expected. Gross profit amounted to €31.2 million (prior year: €48.9 million), with the gross profit margin at 36.1% (prior year: 39.2%), placing it in the middle of the full-year guidance range of 35% to 37%. EBIT totaled €3.7 million in the first quarter (prior year: €22.5 million). Accordingly, the EBIT margin declined to 4.3% (prior year: 18.0%).
Order intake, by contrast, developed exceptionally well: with new orders totaling €149.3 million (prior year: €88.1 million), SUSS achieved a new record for quarterly order intake. Demand increased noticeably in both segments. In Photomask Solutions, order intake rose to €49.6 million (prior year: €33.7 million), partly due to higher activity from Chinese customers. In Advanced Backend Solutions, order intake increased to €99.7 million (prior year: €54.3 million). We also benefited significantly higher orders for bonding solutions in connection with high-bandwidth memory (HBM) for AI chip modules from our major customers.
Further details on the segments can be found in the section "Development of the Segments."
Sales
Sales declined in the reporting period from January to March 2026 and totaled €86.5 million (prior year: €124.9 million). The significant decrease was attributable to the lower order intake in the summer months of 2025, which has been worked off, and was largely in line with our expectations. While sales in the Advanced Backend Solutions segment fell to €55.7 million (prior year: €83.8 million), Photomask Solutions contributed €30.8 million (prior year: €41.2 million) to Group sales.
As of March 31, 2026, the order book totaled €330.1 million. This was below the comparable prior-year figure of €391.0 million, but--given the very strong order intake in the first quarter of 2026--well above the level of €266.8 million as of December 31, 2025.
Gross profit margin
Gross profit declined by 36.2% to €31.2 million (prior year: €48.9 million) due to the significantly lower sales volume in the first three months. Accordingly, we achieved a gross profit margin of 36.1% (prior year: 39.2%) in the first three months of financial year 2026, placing us within the full-year guidance range of 35% to 37%. In addition to the lower volume, changes in the product and customer mix contributed to the decline year over year. At the same time, the downward trend in the second half of 2025 was halted by a marked pickup in customer demand and order intake from all regions.
Selling expenses decreased in the first quarter of 2026, driven in particular by lower sales-related costs, by 10.8% to €5.8 million (prior year: €6.5 million). Administrative expenses, meanwhile, increased slightly to €9.8 million (prior year: €9.5 million). Research and development expenses rose more markedly, as announced, to
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
support the numerous ongoing development projects and planned product launches. R&D expense increased by 11.9% to €12.2 million (prior year: €10.9 million). The R&D ratio – i.e., R&D spending as a percentage of sales – increased to 14.1% due to the significantly lower sales level, but is expected to decline to a more typical level of around 10% over the course of the year. Overall, selling, administrative and R&D expenses increased by 3.3% to €27.8 million year to date (prior year: €26.9 million).
The net balance of other operating income and expenses was positive in the reporting period and totaled €0.3 million (prior year: €0.5 million).
EBIT margin
EBIT declined in the first quarter of financial year 2026 – primarily due to the lower gross profit – to €3.7 million (prior year: €22.5 million). The EBIT margin therefore came in at just 4.3% (prior year: 18.0%).
Net financial result amounted to €-0.3 million in the first quarter (prior year: €0.5 million), as financial income decreased year over year while financial expenses increased. As a result, net income for
the period totaled €2.5 million in the reporting period, compared with €16.6 million in the comparable prior-year period.
Development of the segments
Segment Advanced Backend Solutions
The Advanced Backend Solutions segment combines the development, manufacture, and sale of Imaging Systems (mask aligners and UV projection scanners), Coating Systems (coaters/developers and tools for inkjet coating processes), and Bonding Systems (temporary and permanent bonders) product lines. Production of these product lines is based in Germany at the sites in Garching near Munich and Sternenfels and in Taiwan. The main target market for this segment is the advanced backend of the semiconductor industry.
| Key figures Segment Advanced Backend Solutions | ||
|---|---|---|
| in € million | Q1 2026 | Q1 2025 |
| Order intake | 99,7 | 54,3 |
| Order book | 229,8 | 241,5 |
| Sales | 55,7 | 83,8 |
| Gross profit | 17,8 | 31,7 |
| Gross profit margin | 32,0 % | 37,8 % |
| EBIT | -3,0 | 10,7 |
| EBIT margin | -5,4% | 12,7 % |
In the first three months of 2026, the Advanced Backend Solutions segment generated order intake of €99.7 million. Compared with €54.3 million in the prior-year period, this represents a significant increase of 83.6%. The main driver behind the positive demand
trend was our bonding solutions, in particular temporary bonders and debonders used by leading manufacturers of high-bandwidth memory (HBM) for Al chip modules. In the first quarter, order intake for Bonding Tools in connection with customers' ongoing capacity expansion was significantly higher than in the entire first half of 2025. Demand for Coating and Imaging solutions was also well above the comparable prior-year quarter. Notably, orders were spread across a wide range of customers and applications, pointing to an improvement in demand for mainstream applications across all product lines.
The order book of the Advanced Backend Solutions segment totaled €229.8 million as of March 31, 2026, down from €241.5 million a year earlier. Compared with December 31, 2025, the order book increased significantly during the reporting period from €185.4 million to €229.8 million as of March 31, 2026. The book-to-bill ratio was 1.79.
Sales in the Advanced Backend Solutions segment declined significantly in the first three months of 2026 to €55.7 million (prior year: €83.8 million). The less dynamic order intake in the summer months of 2025 resulted in a lower number of tools manufactured and shipped. Year over year, the decline was driven in particular by the Bonding Systems product line.
The gross profit margin in the Advanced Backend Solutions segment was 32.0% in the first quarter (prior year: 37.8%). A weaker product mix compared with the prior-year period, driven in particular by lower sales from bonding solutions, was the main reason for the decline.
Segment EBIT in the reporting period amounted to €-3.0 million (prior year: €10.7 million). The decline was driven primarily by the
SUSS Interim Statement as of March 31, 2026
Key Figures Interim Statement Interim Financial Statements Additional Information Financial Calendar
lower gross profit. Accordingly, the EBIT margin in the Advanced Backend Solutions segment was -5.4% (prior year: 12.7%).
Segment Photomask Solutions
The Photomask Solutions segment comprises the development, manufacturing and sales of solutions specialized in the cleaning and processing of photomasks, primarily used in the frontend of semiconductor manufacturing.
| Key figures Segment Photomask Solutions | ||
|---|---|---|
| in € million | Q1 2026 | Q1 2025 |
| Order intake | 49,6 | 33,7 |
| Order book | 100,4 | 149,5 |
| Sales | 30,8 | 41,2 |
| Gross profit | 13,3 | 17,1 |
| Gross profit margin | 43,2 % | 41,5 % |
| EBIT | 7,1 | 14,4 |
| EBIT margin | 23,1 % | 34,9 % |
Order intake in the Photomask Solutions segment developed very positively in the first quarter of 2026 and, at €49.6 million, not only exceeded the comparable prior-year figure of €33.7 million but also reached the second-highest quarterly level in the segment's history. After several quarters of very weak demand from Chinese customers, demand picked up again here as well.
As of March 31, 2026, the order book totaled €100.4 million, compared with €149.5 million as of the comparable prior-year reporting date. Compared with €81.4 million as of December 31, 2025, the
order book increased by €19.0 million by quarter-end. The book-to-bill ratio was 1.61.
Sales in the Photomask Solutions segment declined in the first quarter of 2026 to €30.8 million (prior year: €41.2 million). The decline was primarily attributable to the low order intake in the second and third quarters of 2025 and the fact that these projects have now been executed and delivered. Due to the high unit price and comparatively low equipment volume, timing shifts in shipment or customer acceptance can lead to sales recognition moving into subsequent periods and can therefore have a noticeable impact on short-term trends in sales and profitability.
Gross profit amounted to €13.3 million between January and March (prior year: €17.1 million). As a result, the gross profit margin increased to 43.2% (prior year: 41.5%).
Segment EBIT came in at €7.1 million (prior year: €14.4 million) due to lower gross profit and higher segment expenses. The EBIT margin accordingly amounted to 23.1% (prior year: 34.9%).
Central Group Functions
Central Group Functions primarily comprise the income and expenses of the Group's central functions that cannot be allocated to the operating segments. In the first three months of 2026, Central Group Functions reported EBIT of €-0.3 million (prior year: €-2.5 million).
Business development in the key regions
Order intake by regions 3M 2026
in € million (%)
The regions APAC (Asia-Pacific), North America, and EMEA (Europe, the Middle East and Africa) are the key global regions for SUSS's business. In the first three months of 2026, APAC accounted for by far the largest share of order intake at 81.6% (prior year: 78.8%).
Sales by region 3M 2026
in € million (%)
Sales in the APAC region was significantly lower in the first three months of financial year 2026 than in the first quarter of the prior
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
year and totaled €56.2 million. In the first quarter of the prior year, sales was still substantially higher at €105.2 million. By contrast, sales in North America almost doubled, rising from €8.6 million to €16.8 million. The EMEA region recorded sales growth of 21.8% to €13.5 million (prior year: €11.1 million).
Assets and financial position
Assets
Total assets increased by 3.4% during the reporting period to €524.7 million (December 31, 2025: €507.4 million). Non-current assets were essentially unchanged. The 5.0% increase in current assets to €405.9 million was driven by an increase in inventories to €185.6 million (December 31, 2025: €171.6 million) and a significant rise in cash and cash equivalents of 22.5% to €120.9 million (December 31, 2025: €98.7 million). This includes €0.6 million that is currently not freely available.
Trade receivables were significantly lower at €21.8 million (December 31, 2025: €37.8 million), and contract assets declined from €58.7 million as of December 31, 2025, to €52.4 million at the end of the reporting quarter.
On the liabilities side, equity and non-current liabilities were essentially unchanged in amount and composition compared with December 31, 2025. The equity ratio declined primarily due to the higher balance sheet total to 60.7% (December 31, 2025: 62.2%).
Within current liabilities, contract liabilities increased in particular as a result of a significantly higher level of customer advance payments, primarily from China, rising by 27.8% to €57.7 million (December 31, 2025: €45.2 million). Trade payables also increased significantly to
€30.6 million (December 31, 2025: €25.2 million). Other financial liabilities declined to €13.8 million (December 31, 2025: €16.4 million) due to variable compensation payments made in the first quarter of 2026.
Cash flow statement
Cash flow from operating activities in the first quarter of 2026 amounted to €25.7 million, exceeding the comparable prior-year period of €10.6 million. In the first quarter, cash outflows for the build-up of inventories totaled €-14.6 million (prior year: €-7.0 million). By contrast, cash inflows and/or the reduction in trade receivables had a positive effect of €16.0 million. In addition, contract liabilities, which mainly comprise of customer advance payments, increased by €12.6 million (prior year: €1.4 million) and were also a key driver of the positive development in operating cash flow.
Cash flow from investing activities amounted to €-2.5 million (prior year: €-1.7 million) and mainly related to capital expenditures. This includes €0.3 million of investments in our new site in Zhubei.
Cash flow from financing activities amounted to €-1.2 million (prior year: €-1.0 million) and comprised repayments of bank loans of €-0.3 million as well as repayments of lease liabilities of €-0.9 million (prior year: €-0.7 million).
Risks and opportunities
The analysis and assessment of the Group's opportunities and risks are subject to ongoing review by the Management Board and the operational management team. Based on an opportunity-oriented yet risk-aware management approach, we seek a balanced mix of
risk avoidance, risk mitigation and controlled risk acceptance. Risk awareness should not impair our ability to identify opportunities and leverage them— in the interest of our shareholders—to support the company's positive development. For a comprehensive presentation of our approach to identifying, assessing and managing the risks and opportunities of the SUSS Group, we refer to the disclosures in our combined management report for 2025.
Compared with the presentation in the opportunities and risk report in the 2025 combined management report published at the end of March, we have added the risk of rising transportation costs as a result of the Iran war. SUSS ships the tools manufactured in Germany to customers by air freight. Whether the customer or SUSS bears higher freight costs depends on the specific customer contracts. Accordingly, significantly higher freight rates may lead to higher transportation costs for SUSS. The risk has been assigned to the operational risk category. The likelihood of occurrence has been assessed as "high" and the potential impact as "manageable." Overall, the risk is assessed as "medium."
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
三
Outlook
The first quarter of 2026 operationally developed as expected and in line with the assumptions underlying our guidance issued in March. Due to the adjustments to our flexible capacities since last summer and the weak order intake in the second and third quarters of 2025, a decline in sales was anticipated with the corresponding time lag. This development materialized in the first quarter of 2026. As planned, quarterly sales of €86.5 million is expected to mark the low point for the year. In the following quarters, we expect rising sales levels; however, the extent of these increases will vary significantly from quarter to quarter.
Order intake, by contrast, developed very positively. With order intake of €149.3 million, we not only achieved a new record in the Company's history, but also—contrary to the typical seasonal pattern in the first quarter—continued the very dynamic demand trend seen in the fourth quarter of 2025. The order book increased by €63.3 million in the first quarter and now stands at €330.1 million. The book-to-bill ratio was 1.73.
Forecast 2026
| Performance indicator | Forecast 2026 | Result 2025 |
|---|---|---|
| Sales | € 425 - 485 million | € 503,2 million |
| Gross profit margin | 35 - 37 % | 35,7 % |
| EBIT margin | 8 - 10 % | 13,1 % |
Based on the order intake we expect in the coming quarters, we confirm our sales guidance of €425 million to €485 million. Our expectations for the gross profit margin remain unchanged at 35% to 37%, and for the EBIT margin at 8% to 10%. Accordingly, we confirm our financial targets for financial year 2026.
While the current order situation is developing very positively, global uncertainty regarding geopolitical developments—and, in turn, the economic outlook—has increased significantly. At present, we are only affected to a limited extent by cost increases driven by higher energy and freight prices. However, it cannot be ruled out that a continuation and potential escalation of the conflict in the Persian Gulf could lead to dynamics that differ materially from our current assumptions. The development of the global economy—and thus demand for semiconductors and, subsequently, semiconductor equipment—may therefore deviate from the key assumptions underlying our guidance from the beginning of the year.
Forward-looking statements
This Interim Statement contains information and forecasts relating to future developments of the SUSS Group and its companies. The forecasts represent estimates that we have made based on all the information available to us at the present time. If the assumptions underlying the forecasts do not materialize or if unforeseen events occur that affect earnings, the actual results may differ from those currently expected. We assume no obligation and do not intend to update the forward-looking statements or to correct them if developments other than those expected occur.
Garching, Germany, May 6, 2026
Signed
Burkhardt Frick
Chief Executive Officer (CEO)
Dr. Cornelia Ballwießer
Chief Financial Officer (CFO)
Dr. Thomas Rohe
Chief Operations Officer (COO)
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Interim Financial Statements (unaudited)
Consolidated income statement (IFRS)
for the period from January 1, 2026, to March 31, 2026
| in € thousand | 01/01/2026 -03/31/2026 | 01/01/2025 -03/31/2025 adjusted retroactively |
|---|---|---|
| Sales | 86,537 | 124,918 |
| Cost of sales | -55,307 | -76,015 |
| Gross profit | 31,230 | 48,903 |
| Selling costs | -5,751 | -6,457 |
| Research and development costs | -12,233 | -10,869 |
| Administration costs | -9,823 | -9,544 |
| Other operating income | 1,592 | 2,036 |
| Other operating expenses | -1,288 | -1,583 |
| Net income from operations (EBIT) | 3,727 | 22,486 |
| Financial income | 270 | 635 |
| Financial expenses | -542 | -91 |
| Financial result | -272 | 544 |
| Profit before taxes (continuing operations) | 3,455 | 23,030 |
| Income taxes | -993 | -6,426 |
| Profit continuing operations (after taxes) | 2,462 | 16,604 |
| Profit discontinued operations (after taxes) | 0 | 0 |
| in € thousand | 01/01/2026 -03/31/2026 | 01/01/2025 -03/31/2025 adjusted retroactively |
| --- | --- | --- |
| Net profit | 2,462 | 16,604 |
| Thereof shareholders of SUSS MicroTec SE | 2,462 | 16,604 |
| Thereof non-controlling interests | 0 | 0 |
| Earnings per share continuing operations (basic) in € | 0.13 | 0.87 |
| Earnings per share continuing operations (diluted) in € | 0.13 | 0.87 |
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Statement of comprehensive income (IFRS)
for the period from January 1, 2026, to March 31, 2026
| in € thousand | 01/01/2026
-03/31/2026 | 01/01/2025
- 03/31/2025
adjusted
retroactively |
| --- | --- | --- |
| Net profit | 2,462 | 16,604 |
| Items that are not reclassified to profit and loss in future periods | | |
| Actuarial gains / losses from defined benefit pension plans | -1 | -1 |
| Tax effects | 0 | 0 |
| Other income after tax for items that are not reclassified as an expense or income | -1 | -1 |
| Items that are reclassified in later periods | | |
| Foreign currency adjustment | | |
| gains and losses arising in the current period | 763 | -1,777 |
| less transfers to the income statement | 0 | 0 |
| Foreign currency adjustment total | 763 | -1,777 |
| Other income after tax for items that are reclassified as an expense or income in future periods | 763 | -1,777 |
| Other comprehensive income (after tax) | 762 | -1,778 |
| Total other comprehensive income | 3,224 | 14,826 |
| thereof shareholders of SUSS | 3,224 | 14,826 |
| thereof non-controlling interests | 0 | 0 |
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Consolidated balance sheet (IFRS)
as of March 31, 2026
Assets
| in € thousand | 03/31/2026 | 12/31/2025 |
|---|---|---|
| Non-current assets | ||
| Intangible assets | 3,090 | 3,469 |
| Goodwill | 18,416 | 18,372 |
| Tangible assets | 94,560 | 96,142 |
| Other assets | 1,094 | 1,128 |
| Deferred tax assets | 1,645 | 1,649 |
| Non-current assets | 118,805 | 120,760 |
| Current Assets | ||
| Inventories | 185,616 | 171,617 |
| Trade receivables | 21,805 | 37,789 |
| Contract assets | 52,389 | 58,669 |
| Other financial assets | 754 | 971 |
| Current tax assets | 7,204 | 5,828 |
| Cash and cash equivalents | 120,859 | 98,697 |
| Other assets | 17,299 | 13,117 |
| Current assets | 405,926 | 386,688 |
| Total assets | 524,731 | 507,448 |
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Consolidated balance sheet (IFRS)
as of March 31, 2026
Liabilities & shareholders' equity
in € thousand
| 03/31/2026 | 12/31/2025 | |
|---|---|---|
| Equity | ||
| Subscribed capital | 19,116 | 19,116 |
| Reserves | 308,604 | 306,142 |
| Accumulated other comprehensive income | -9,013 | -9,776 |
| Equity | 318,707 | 315,482 |
| Total equity attributable to shareholders of SUSS MicroTec SE | 318,707 | 315,482 |
| Non-current liabilities | ||
| Pension plans and similar commitments | 1,803 | 1,851 |
| Provisions for share-based payments | 1,596 | 1,596 |
| Provisions | 631 | 396 |
| Financial debt | 2,438 | 2,742 |
| Financial debt from lease obligations | 41,990 | 42,502 |
| Other financial liabilities | 1,379 | 1,656 |
| Other liabilities | 628 | 746 |
| Deferred tax liabilities | 21,895 | 22,669 |
| Non-current liabilities | 72,360 | 74,158 |
Liabilities & shareholders' equity
in € thousand
| 03/31/2026 | 12/31/2025 | |
|---|---|---|
| Current liabilities | ||
| Provisions | 4,902 | 4,685 |
| Tax liabilities | 17,912 | 18,380 |
| Financial debt | 1,294 | 1,295 |
| Financial debt from lease obligations | 3,157 | 3,088 |
| Other financial liabilities | 13,574 | 16,376 |
| Trade payables | 30,621 | 25,204 |
| Contract liabilities | 57,731 | 45,179 |
| Other liabilities | 4,473 | 3,601 |
| Current liabilities | 133,664 | 117,808 |
| Total liabilities and shareholder's equity | 524,731 | 507,448 |
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Consolidated statement of changes in equity (IFRS)
for the period from January 1, 2026, to March 31, 2026
| in € thousand | Subscribed capital | Additional paid-in capital | Earnings reserve | Accumulated other comprehensive income | Total equity attributable to shareholders of SUSS MicroTec SE | ||
|---|---|---|---|---|---|---|---|
| Remeasurement of defined benefit plans | Deferred taxes | Foreign currency adjustments | |||||
| as of December 31, 2024 | 19,116 | 55,822 | 206,590 | -2,065 | 548 | -265 | 279,746 |
| Adjustments under IAS 8 | 3,358 | 3,358 | |||||
| as of January 1, 2025 (adjusted retroactively) | 19,116 | 55,822 | 209,948 | -2,065 | 548 | -265 | 283,103 |
| Net income | 16,604 | 16,604 | |||||
| Other income | -1 | 0 | -1,777 | -1,778 | |||
| Total comprehensive income | 16,604 | -1 | 0 | -1,777 | 14,826 | ||
| as of March 31, 2025 (adjusted retroactively) | 19,116 | 55,822 | 226,552 | -2,066 | 548 | -2,042 | 297,929 |
| as of March 31, 2025 (as originally presented) | 19,116 | 55,822 | 221,549 | -2,066 | 548 | -2,042 | 292,927 |
| as of January 1, 2026 | 19,116 | 55,822 | 250,320 | -2,110 | 572 | -8,238 | 315,482 |
| Net income | 2,462 | 2,462 | |||||
| Other income | -1 | - | 763 | 762 | |||
| Total comprehensive income | 2,462 | -1 | - | 763 | 3,224 | ||
| As of March 31, 2026 | 19,116 | 55,822 | 252,782 | -2,111 | 572 | -7,475 | 318,707 |
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Consolidated statement of cash flows (IFRS)
for the period from January 1, 2026, to March 31, 2026
| in € thousand | 01/01/2026 -03/31/2026 | 01/01/2025 - 03/31/2025 adjusted retroactively |
|---|---|---|
| Net profit | 2,462 | 16,604 |
| Adjustments to reconcile net income / (loss) to operating cash flows | ||
| Income / (loss) from discontinued operations (net of taxes) | 0 | 0 |
| Amortization of intangible assets | 459 | 400 |
| Depreciation of tangible assets | 3,495 | 1,504 |
| Profit / loss on disposal of intangible and tangible assets | 883 | 0 |
| Change of reserves on inventories | 593 | 2,662 |
| Non-cash interest expenses from increase of convertible debt | -67 | -55 |
| Other non-cash effective income and expenses | 524 | -450 |
| Change in inventories | -14,601 | -7,035 |
| Change in contract assets | 6,412 | 6,700 |
| Change in trade receivables | 16,009 | -774 |
| Change in other assets | -3,931 | -8,071 |
| Change in pension provisions | -48 | -51 |
| Change in trade payables | 5,428 | 2,540 |
| Change in contract liabilities | 12,564 | 1,351 |
| in € thousand | 01/01/2026 -03/31/2026 | 01/01/2025 - 03/31/2025 adjusted retroactively |
| --- | --- | --- |
| Change in other liabilities and other provisions | -1,877 | -1,031 |
| Change in tax assets and tax liabilities | -2,614 | -3,664 |
| Cash flow from operating activities – continuing operations* | 25,691 | 10,630 |
| Cash flow from operating activities – discontinued operations* | 0 | 0 |
| Cash flow from operating activities – total* | 25,691 | 10,630 |
| Disbursements for other tangible assets | -2,425 | -1,683 |
| Disbursements for intangible assets | -55 | -47 |
| Cash outflows due to investments within short-term commercial paper | 0 | 0 |
| Cash inflow due to investments within short-term commercial paper | 0 | 0 |
| Cash flow from investing activities – continuing operations | -2,480 | -1,730 |
| Cash flow from investing activities – discontinued operations* | 0 | 0 |
| Cash flow from investing activities – total* | -2,480 | -1,730 |
Continued on the next page
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Consolidated statement of cash flows (IFRS)
(▼ Continuation)
| in € thousand | 01/01/2026
-03/31/2026 | 01/01/2025
- 03/31/2025
adjusted
retroactively |
| --- | --- | --- |
| Repayment of bank loans | -313 | -313 |
| Repayment of rental and lease liabilities | -894 | -685 |
| Change in other financial debt | 8 | 7 |
| Cash flow from financing activities - continuing operations | -1,199 | -991 |
| Cash flow from financing activities - discontinued operations | 0 | 0 |
| Cash flow from financing activities | -1,199 | -991 |
| Adjustments to funds caused by exchange-rate fluctuations | 150 | -414 |
| Change in cash and cash equivalents | 22,162 | 7,495 |
| Funds at the beginning of the year | 98,697 | 136,239 |
| Funds at end of the period | 120,859 | 143,734 |
| (thereof cash and cash equivalents from discontinued operations) | 0 | 0 |
| (of which cash and cash equivalents not at disposal) | 629 | 0 |
| Cash flow from operating activities (continuing operations) including: | | |
| Interest paid during the period | -934 | -31 |
| Interest received during period | 248 | 585 |
| Taxes paid during the period | -2,868 | -8,652 |
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Additional information
IFRS segment information (unaudited)
Segment reporting by business segment
| Advanced Backend Solutions | Photomask Solutions | Sum of the segments | Central Group Functions Group | Group | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| in € thousand | 3M / 2026 | 3M / 2025* | 3M / 2026 | 3M / 2025* | 3M / 2026 | 3M / 2025* | 3M / 2026 | 3M / 2025* | 3M / 2026 | 3M / 2025* |
| External sales | 55,705 | 83,766 | 30,832 | 41,152 | 86,537 | 124,918 | - | - | 86,537 | 124,918 |
| Internal Sales | - | - | - | - | - | - | - | - | - | - |
| Total sales | 55,705 | 83,766 | 30,832 | 41,152 | 86,537 | 124,918 | - | - | 86,537 | 124,918 |
| Cost of sales | -37,952 | -52,093 | -17,559 | -24,064 | -55,511 | -76,157 | 204 | 142 | -55,307 | -76,015 |
| Gross profit | 17,753 | 31,673 | 13,273 | 17,088 | 31,026 | 48,761 | 204 | 142 | 31,230 | 48,903 |
| Gross profit margin | 31,9% | 37,8% | 43,0% | 41,5% | 35,9% | 39,0% | 36,1% | 39,1% | ||
| Other segment expenses / income (net) | -20,717 | -21,020 | -6,190 | -2,731 | -26,907 | -23,751 | -596 | -2,666 | -27,503 | -26,417 |
| thereof intersegment cost allocation (net) | -3,947 | -3,619 | -1,684 | -1,457 | -5,631 | -5,076 | 5,631 | 5,076 | - | - |
| thereof central services of SUSS MicroTec SE | -3,947 | -3,619 | -1,684 | -1,457 | -5,631 | -5,076 | 5,631 | 5,076 | - | - |
| Result per segment (EBIT) | -2,964 | 10,653 | 7,083 | 14,357 | 4,119 | 25,010 | -392 | -2,524 | 3,727 | 22,486 |
| EBIT margin | -5,3% | 12,7% | 23,0% | 34,9% | 4,3% | 18,0% | ||||
| Earnings before taxes | -2,973 | 10,642 | 7,083 | 14,357 | 4,110 | 24,999 | -655 | -1,969 | 3,455 | 23,030 |
- Adjusted retroactively
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
IFRS segment information (unaudited)
(Continuation)
Segment reporting by business segment
| Advanced Backend Solutions | Photomask Solutions | Sum of the segments | Central Group Functions Group | Group | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| in € thousand | 3M / 2026 | 3M / 2025* | 3M / 2026 | 3M / 2025* | 3M / 2026 | 3M / 2025* | 3M / 2026 | 3M / 2025* | 3M / 2026 | 3M / 2025* |
| Segment assets | 281,917 | 251,485 | 76,938 | 72,627 | 358,855 | 324,112 | 17,021 | 17,625 | 375,876 | 341,737 |
| thereof goodwill | 18,416 | 18,546 | 18,416 | 18,546 | 18,416 | 18,546 | ||||
| Unallocated assets | 148,855 | 172,067 | ||||||||
| Total assets | 524,731 | 513,804 | ||||||||
| Segment liabilities | -59,073 | -100,192 | -36,202 | -48,663 | -95,275 | -148,855 | -6,446 | -5,567 | -101,721 | -154,422 |
| Unallocated liabilities | -104,303 | -61,453 | ||||||||
| Total liabilities | -206,024 | -215,875 | ||||||||
| Depreciation and amortization | 2,581 | 1,166 | 807 | 256 | 3,388 | 1,422 | 566 | 482 | 3,954 | 1,904 |
| thereof scheduled | 2,581 | 1,166 | 807 | 256 | 3,388 | 1,422 | 566 | 482 | 3,954 | 1,904 |
| thereof impairment loss | - | - | - | - | - | - | - | - | - | - |
| Capital expenditure | 1,690 | 961 | 661 | 353 | 2,351 | 1,314 | 129 | 416 | 2,480 | 1,730 |
| Employees as of March 31 | 1,151 | 1,191 | 270 | 260 | 1,421 | 1,451 | 63 | 58 | 1,484 | 1,509 |
- Adjusted retroactively
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
IFRS segment information (unaudited)
Segment information by region
| in € thousand | Sales | Capital expenditure | Non-current assets* | |||
|---|---|---|---|---|---|---|
| 3M / 2026 | 3M / 2025 adjusted retroactively | 3M / 2026 | 3M / 2025 adjusted retroactively | 3M / 2026 | 3M / 2025 adjusted retroactively | |
| EMEA | 13,523 | 11,106 | 1,601 | 1,338 | 59,202 | 48,025 |
| North America | 16,829 | 8,632 | 6 | 8 | 2,396 | 2,617 |
| Asia and Pacific | 56,185 | 105,180 | 873 | 384 | 54,468 | 7,431 |
| Total | 86,537 | 124,918 | 2,480 | 1,730 | 116,066 | 58,073 |
- includes intangible assets and property, plant and equipment (PPE)
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Earnings per share (unaudited)
| 01/01/2026 - 03/31/2026 | 01/01/2025 - 03/31/2025 adjusted retroactively | |||
|---|---|---|---|---|
| in € thousand | Total amount | Earnings per share in € (basic) | Total amount | Earnings per share in € (basic) |
| Earnings after taxes (continuing operations) of which shareholders of SUSS MicroTec SE | 2,462 | 0,13 | 16,604 | 0,87 |
| Earnings after taxes (discontinued operations) of which shareholders of SUSS MicroTec SE | 0 | 0,00 | 0 | 0,00 |
| Net profit of which shareholders of SUSS MicroTec SE | 2,462 | 0,13 | 16,604 | 0,87 |
| Weighted average number of outstanding shares | 19,115,538 | 19,115,538 |
There were no dilution effects in the reporting period presented,
Notes
In the fourth quarter of 2025, changes to accounting policies were implemented for the full financial year 2025. As a result, these changes were not reflected in the quarterly figures for 2025 as previously published. We have therefore adjusted the quarterly figures accordingly. The adjustments largely relate to the matters described in the Notes to the Consolidated Financial Statements 2025, section 2, D), as retrospective adjustments to financial year 2024 (presented as comparative figures for financial year 2025).
The same accounting policies have been applied to the consolidated statement of income, statement of comprehensive income, consolidated balance sheet, consolidated statement of changes in equity, consolidated cash flow statement, segment reporting, and earnings per share as in the last published Half-yearly financial statements as of June 30, 2025,
Due to rounding, it is possible that individual figures in this interim report and in other reports may not add up exactly and that percentages shown may not exactly reflect the absolute values to which they refer,
All figures in this Interim Statement are unaudited.
SUSS Interim Statement as of March 31, 2026
Key Figures | Interim Statement | Interim Financial Statements | Additional Information | Financial Calendar
Financial Calendar 2026
| Interim Statement as of March 31, 2026 | May 7, 2026 |
|---|---|
| Annual General Meeting | June 3, 2026 |
| Half-yearly financial report | August 6, 2026 |
| Interim Statement as of September 30, 2026 | November 5, 2026 |
Contact
SUSS MicroTec SE
Schleissheimer Straße 90
85748 Garching, Germany
Email: [email protected]
Investor Relations
Phone: +49 89 32007-306
Email: [email protected]
Forward-looking statements: This Interim Statement includes forward-looking statements. Forward-looking statements do not present historical facts but include statements about expectations and the views of the management of SUSS MicroTec SE. These statements are based on current plans, estimates, and forecasts of the Company's management. Investors should not place undue reliance on these statements. Forward-looking statements are to be understood in the context of the time at which they were made. The Company does not assume any obligation to update the forward-looking statements included in this report as a result of new information or future events. The Company's obligation to comply with its statutory responsibilities regarding information and reporting remains unaffected. Forward-looking statements always involve risks and uncertainties. A large number of factors that are described in this report could cause actual events to deviate substantially from the forward-looking statements included in this report.
suss.com