Süss MicroTec AG / Key word(s): Forecast
19.11.2010 08:51
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Garching, Germany, November 19, 2010 - SUSS MicroTec AG (business address:
Schleissheimer Strasse 90, 85748 Garching, Germany; ISIN: DE0007226706),
listed in the Prime Standard of Deutsche Börse AG, announced on June 10,
2010 the relocation of its Substrate Bonder business from the USA to
Germany, with the research and development, production, and product
management functions for the Bonder product line being moved to the
Sternenfels production site.
As part of this move, SUSS MicroTec Inc. in Waterbury, Vermont, is selling
its intangible assets (patents, patent registrations, industrial property
rights, designs, and other expertise) to SUSS MicroTec Lithography GmbH.
These sales result in the realization of undisclosed reserves totaling
approximately US$ 22 million. Taxes on this income accruing in the US can
be fully offset by the company's loss carryforwards.
At Group level, this transaction results in the one-time recognition of EUR
4.5 million in deferred tax assets, which are being recognized with effect
on net income in Q4 2010 under the item 'income taxes'. This one-time
income increases earnings per share by EUR 0.24.
For more information please contact:
Investor Relations, SÃSS MicroTec AG
Tel: + 49 (0)89-32007-161; Email: ir@suss.com
SUSS MicroTec AG (ISIN DE 0007226706)
About SUSS MicroTec
SUSS MicroTec is a leading supplier of equipment and process solutions for
markets such as 3D Integration, Advanced Packaging, MEMS, Nanotechnology
and Compound Semiconductor. High-quality solutions enable customers to
increase process performance while reducing cost of ownership. SUSS
MicroTec supports more than 8,000 installed systems with a global
infrastructure for applications and service. SUSS MicroTec is headquartered
in Garching near Munich, Germany.
For more information, please visit http://www.suss.com.
Disclaimer:
This press release contains forward-looking statements relating to the
business, financial performance and earnings of SUSS MicroTec AG and its
subsidiaries and associates. Forward-looking statements are based on
current plans, estimates, projections and expectations and are therefore
subject to risks and uncertainties, most of which are difficult to estimate
and which in general are beyond the control of SUSS MicroTec AG.
Consequently, actual developments as well as actual earnings and
performance may differ materially from those which explicitly or implicitly
assumed in the forward-looking statements. SUSS MicroTec AG does not intend
or accept any obligation to publish updates of these forward-looking
statements.
Contact:
SÃSS MicroTec AG
Christa Derbsch
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-441
Fax: +49 (0)89 32007-451
Email: christa.derbsch@suss.com
19.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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 Hamburg, München, Berlin, Düsseldorf, Stuttgart
End of Announcement DGAP News-Service
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DGAP-News: Süss MicroTec AG: Realization of Undisclosed Reserves in Q4 2010 Generates One-time Income of EUR 4.5 Million
| Source: EQS Group AG