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Unedited press release follows:
SINGULUS Receives Further Major Order! 33 % Increase in Sales and Positive Earnings Expected for 2011 in comparison to 2010
• New order for Blu-ray production machines
• Sales Increase to more than € 160 million for 2011
• Forecast of Positive Earnings
Kahl am Main, May 26, 2011 – SINGULUS TECHNOLOGIES AG (SINGULUS) was able to complete a new major order for Blu-ray production machines of the BLULINE II type and CRYSTALLINE Mastering Systems. Accordingly, SINGULUS has received orders for nearly 40 BLULINE II machines in total until May 2011 and confirms its forecast of up to 50 machines in this segment.
Due to the fact that the order intake of € 65.9 million in the first quarter 2011 already has increased by 66 % compared to previous year the Executive Board publishes a sales forecast of more than € 160 million for the business year 2011 on the occasion of these new orders received. With a projected increase of at least 33 %, the sales forecast is significantly higher than the € 120.1 million realized in the business year 2010. As further major orders will be completed shortly, the order intake of the total year 2011 is expected to be considerably higher than the sales expectancy. Following three years with negative earnings, the company is expected to achieve a turnaround in 2011 and to post a positive result.
SINGULUS TECHNOLOGIES relies on its two core business areas and a lean business model. In the Optical Disc segment SINGULUS is market leader – the activities in the Solar segment will provide considerably positive impulses for the business development of the company. SINGULUS TECHNOLOGIES is excellently positioned for the future.