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Unedited press release follows:
Business Trend and Situation of the SINGULUS TECHNOLOGIES Group for the 1st Half 2015
• Order intake of € 73.1 million in the first half, order backlog at € 57.9 million
• Sales still at low level as expected, EBIT of € -9.8 million after six months
• Available liquidity of € 24.1 million as of June 30, 2015
• Proposed corporate actions approved by the AGM, implementation of measures prepared
Kahl am Main, August 12, 2015 – The order intake of the SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) of € 73.1 million in the 1st half of 2015 was higher than the previous year’s level of € 25.2 million. In the quarter under review the intake amounted to € 10.3 million (previous year: € 11.1 million). The order backlog increased compared with the year-end 2014 and stood at € 57.9 million (June 30, 2014: € 15.4 million). The half-year sales for 2015 at € 29.2 million are slightly below the prior-year level of € 30.1 million. In the 2nd quarter 2015 sales in the amount of € 16.6 million were above the level of € 13.4 million achieved in the same quarter one year ago. In the 1st half of 2015 earnings before interest and taxes (EBIT) came to € -9.8 million (previous year: € -12.5 million). In the quarter under review the losses were reduced compared with the prior-year period. In the 2nd quarter 2015 the EBIT stood at € -3.9 million (previous year: € -7.4 million).
On June 09, 2015, the ordinary Annual General Meeting of the SINGULUS TECHNOLOGIES AG approved by majority all of the company’s proposed corporate actions and thus paved the way for a successful reorganization of the capital structure.
The approved corporate actions are being prepared. SINGULUS TECHNOLOGIES will inform the financial market in a timely and comprehensive manner about the implementation of the individual steps.
The number of employees in the SINGULUS TECHNOLOGIES Group decreased from 352 salaried employees as of December 31, 2014 to 338 employees as of June 30, 2015.
Reaching the financial full-year goals for 2015 will materially depend on the development of volume sales in the segments Solar and Optical Disc in the next couple of weeks. In particular, the outcome of talks with major disc producers with respect to investments in new Blu-ray Disc production machines will impact the development of the key financial figures for the current year.
For the Solar division we are convinced that our company has great potential for additional orders. The point in time of the order intake will be decisive for the financial development this year. The challenge for SINGULUS TECHNOLOGIES in the business year 2015 will be to achieve the set goals in terms of order intake and sales and at the same time to set-up new work areas and build them to successes.
Consolidated key figures SINGULUS pursuant to IFRS (unaudited)
|Sales (gross)||in million €||30.1||29.2|
|Order intake||in million €||25.2||73.1|
|Order backlog (June 30)||in million €||15.4||57.9
|EBIT||in million €||-12.5||-9.8|
|EBITDA||in million €||-9.9||-8.0|
|Earnings before taxes||in million €||-14.3||-12.2|
|Net profit/loss||in million €||-14.3||-12.3|
|Employees (June 30)||361||338|
|Earnings per share, basic||€||-0.29||-0.25|
|Sales (gross)||in million €||13.4
|Order intake||in million €||11.1||10.3|
|EBIT||in million €||-7.4||-3.9|
|EBITDA||in million €||-6.1||-3.0|
|Earnings before taxes||in million €||-8.4||-5.2|
|Net profit/loss||in million €||-8.3||-5.4|
|Earnings per share, basic||€||-0.17||-0.11|
Profile SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES develops innovative technologies for economic and resource-efficient production processes. SINGULUS TECHNOLOGIES’ strategy targets the use and expansion of its existing core competencies. This includes process technology and scientific solutions combined with mechanical and plant engineering. The core competence of SINGULUS TECHNOLOGIES rests on vacuum thin-film and plasma technology, wet-chemical processing as well as thermal process technology.
SINGULUS TECHNOLOGIES works on expanding this expertise in its core segments and to transfer the know-how to new application areas.