The Board of Directors of Topsil Semiconductor Materials A/S (Topsil) has today
considered and adopted the interim report for the nine months ended 30
September 2008.
Highlights of the interim report:
Year to date
The company generated a revenue of DKK 185.6m in the nine months ended 30
September 2008, a 39.5% increase from the DKK 133.1m in the year-earlier
period.
Operating profit was DKK 41.7m against DKK 38.8m last year.
Profit before tax for the period was DKK 45.9m against a profit of DKK 35.6m in
the year-earlier period.
At 30 September 2008, the company's total assets amounted to DKK 238.3m. The
equity ratio was 77%.
The cash flow for the period was DKK 22.3m due to a positive cash flow from
operations.
3rd quarter 2008
In the 3rd quarter of 2008, the company generated a revenue of DKK 57.8m and
EBIT of DKK 11.3m against DKK 49.0m and DKK 12.6m, respectively, in the
year-earlier period.
Topsil has received the largest number of orders in the company's history from
its primary customers for delivery in 2009.
In July 2008, Topsil submitted a bid for the entire share capital of the Polish
company Cemat Silicon S.A. The acquisition was completed in October 2008, with
Topsil having signed agreements to buy 95.92% of the shares.
Outlook
As a result of the acquisition of Cemat Silicon, Topsil has revised its revenue
forecast for 2008 to DKK 260-280m and a pre-tax profit forecast at a level of
DKK 50-60m.
Further information
Please direct any questions regarding this announcement to:
Jens Borelli-Kjær, Chairman, tel. +45 40 16 14 82
Keld Lindegaard Andersen, Managing Director, tel. +45 21 70 87 72
The full report is attached and/or can be downloaded from www.topsil.com
