CDAX
26.02.2013 21:57:33
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EANS-Adhoc: SINGULUS TECHNOLOGIES Reports Preliminary Results for the Business Year 2012
=------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------------
annual result 26.02.2013
Ad hoc announcement pursuant to § 15 WpHG
SINGULUS TECHNOLOGIES Reports Preliminary Results for the Business Year 2012 -Sales in-line with expectations -Earnings weaker than projected -Order backlog improved to EUR 40.1 million -Leading technologies in all three business segments
Kahl am Main, February 26, 2013 - Singulus Technologies (SINGULUS) confirms the forecast released on November 8, 2012 with sales of 108.6 million for the past business year 2012. According to preliminary results the total earnings including extraordinary charges amounted to minus EUR 60.5 million. The order intake in the fiscal year 2012 amounted to EUR 121.9 million (previous year: EUR 151.6 million). The order backlog in the amount of EUR 40.1 million has improved compared with the prior-year level of EUR 26.8 million.
SINGULUS has a high liquidity position and in the business year 2011 already completely repaid its borrowings owed to banks. The balance sheet remains stable and is still solid with an equity ratio of approximately 37 %.
For SINGULUS TECHNOLOGIES to once again develop favorably, the core segments will be further stabilized economically. Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES AG, comments: "We are leading with our machines in our three core segments Optical Disc, Semiconductor and Solar. We expect that overall we will be able to grow in these segments in 2013 and to achieve positive earnings for the full-year.
Dr. Rinck adds: "However, if the current investment restraint for production equipment in the solar market continues, this will have corresponding impacts on the earnings targets of the company. To strengthen the existing business activities, we continue to focus on developing innovative products, which opens new markets."
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
end of announcement euro adhoc =-------------------------------------------------------------------------------
(END) Dow Jones Newswires
February 26, 2013 15:26 ET (20:26 GMT)- - 03 26 PM EST 02-26-13
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