Süss MicroTec AG / Final Results 30.03.2010 07:14 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- SUSS MicroTec AG Publishes Final Figures for 2009 Fiscal Year Business Remains Profitable Despite Difficult Market Environment and Downturn in Sales Garching near Munich, Germany, March 30, 2010 - SUSS MicroTec AG (business address: Schleissheimer Strasse 90, 85748 Garching, Germany; ISIN: DE0007226706), which is listed in the Prime Standard of Deutsche Börse AG, published its consolidated financial statements for the 2009 fiscal year today. The figures show that the Company experienced a decline in both sales and order entry in the past fiscal year, reflecting economic and industry-specific conditions. Excluding the discontinued Test Systems division, the SUSS MicroTec Group generated sales of EUR 103.9 million, falling short of the previous year's level of EUR 121.5 million by approximately 15%. Order entry in the continuing operations fell compared with the previous year by 19% to EUR 96.3 million (previous year: EUR 118.2 million). As of December 31, 2009, the order backlog from continuing operations amounted to EUR 57.0 million (12/31/2008: EUR 65.1 million). While the Group's core division - Lithography - posted a 22% decline in sales to EUR 77.6 million (previous year: EUR 98.8 million) during the year under review, the Substrate Bonder division succeeded in growing its revenues by approximately 14% to EUR 18.3 million (previous year: EUR 16.2 million). The downswing in Lithography was largely due to reluctance to invest among production clients in the semiconductor industry, especially at the beginning of 2009. By contrast, the Substrate Bonder division benefited from its extended product range and the increasing importance of bonding equipment in the manufacturing process of future three-dimensional chip structures (3D integration). Despite the difficult overall market environment and the resulting sharp drop in sales, the Company succeeded in achieving positive earnings before interest and taxes (EBIT) of EUR 2.8 million from continuing activities in the past fiscal year. In the previous year, extraordinary expenses of EUR 17.2 million had a major impact on EBIT, which came in at EUR -8.7 million. The positive development was brought about by implementing both operational and structural cost savings measures at an early stage. These permanently lowered the breakeven point. Earnings after taxes (EAT) from continuing operations amounted to EUR 0.5 million, compared to EUR -11.6 million in the previous year. The basic earnings per share (EPS), therefore, totaled EUR 0.03 (previous year: EUR -0.68). Liquidity Compared to the previous year, cash and securities rose from EUR 24.4 million to EUR 31.1 million. Net liquidity increased significantly by the end of the fiscal year, coming in at EUR 18.4 million (12/31/2008: EUR 9.4 million). In addition, the Company clearly achieved its goal of generating positive free cash flow. Excluding securities acquisitions of EUR 6.7 million (previous year: EUR 3.8 million), the free cash flow came to EUR 8.9 million at the end of the fiscal year (previous year: EUR 1.9 million). The reduction in inventories and accounts receivable had a positive impact on this figure. Outlook After an unusually strong fourth quarter in 2009, the Company anticipates order entry totaling approximately EUR 30 million for the first three months of 2010 along with sales less than EUR 20 million. All in all, the Management Board expects sales totaling slightly below EUR 120 million for the current fiscal year, 2010, when HamaTech APE will be included in the accounts for the first time. The Company also expects EBIT to improve slightly compared with the previous year. Free cash flow should remain positive before completed M&A transactions are taken into account. End of the ad hoc announcement 30.03.2010 07:14 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- Language: English Company: Süss MicroTec AG Schleissheimer Strasse 90 85748 Garching b. München Deutschland Phone: +49 (0)89 32007-161 Fax: +49 (0)89 32007-336 E-mail: ir@suss.com Internet: www.suss.com ISIN: DE0007226706 WKN: 722670 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Süss MicroTec AG Publishes Final Figures for 2009 Fiscal Year
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