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Singulus Reports Preliminary H1 2011 Results

Singulus Technologies announced preliminary financial results for the fist half of 2011.

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Unedited press release follows:

SINGULUS TECHNOLOGIES Reports Preliminary Results for the 1st Half of 2011
July 26, 2011

• Sales for the 1st half of 2011 above prior-year level (31.0 %)
• New order intake € 115 million (1st half 2010: € 67.4 million)
• Positive EBIT in the 2nd quarter
• Full-year forecast for 2011 with 33 % increase in sales and positive earnings reaffirmed

Kahl am Main, July 26, 2011 – The SINGULUS TECHNOLOGIES AG (SINGULUS) exceeded all key financial figures in the 1st half of 2011 compared with the same period one year ago.

During the first six months of the business year 2011 an order intake of € 115.0 million (previous year: € 67.4 million) was achieved. This corresponds to an increase of 70.6 % compared with the same period one year ago. The order intake in the 2nd quarter was substantially higher than in the prior-year quarter in 2010.  The order backlog as of June 30, 2011 amounted to € 85.9 million, nearly twice the level of last year (previous year: € 45.5 million).

Sales in the first six months of the year 2011 improved by 31.0 % to € 64.6 million (previous year: € 49.3 million). In the 2nd quarter sales amounted to € 44.9 million (previous year: € 27.8 million) with a positive operating result.

The Executive Board confirms its forecast published on May 26, 2011 of sales of more than € 160 million and a positive full-year result for 2011.

The final results for the 1st half of 2011 will be published on August 10, 2011.

SINGULUS plans to further expand its activities in the segments Solar and Optical Disc. The goal is to attain a leading position in the silicon and thin-film solar technology and to maintain the technologic leadership in the Optical Disc segment.