DGAP-News: Süss MicroTec AG / Key word(s): Quarter Results
Süss MicroTec AG: Quarterly Figures for 2011 Published
05.05.2011 / 08:02
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Quarterly Figures for 2011 Published
- Order Intake at EUR 48.3 million, which is 50% above Q1 2010
- Sales plus 46% to EUR 32.0 million
- EBIT at EUR 2.5 million after EUR -0.1 million in the prior year
Garching, May 5, 2011 - SUSS MicroTec AG published its report for the first
quarter of the fiscal year 2011. The figures show that the company
experienced an increase in both sales and order entry in the past quarter
compared to Q1 2010. SUSS MicroTec generated sales of EUR 32.0 million,
beating the previous year of EUR 21.9 million by approximately 46%. Order
entry increased by 50% year on year to EUR 48.3 million.
The group's core division - Lithography - posted a 58% increase in sales to
EUR 25.2 million (previous year: EUR 16.0 million) during the year under
review. The Substrate Bonder division also succeeded in growing its
revenues by approximately 50% to EUR 3.6 million (previous year: EUR 2.4
million). The Photomask Equipment division, acquired in early 2010,
contributed sales of EUR 1.1 million (previous year: EUR 2.2 million).
Earnings before interest and tax (EBIT) of EUR 2.5 million could be
achieved (previous year: EUR -0.1 million). This translates into an
EBIT-margin of 7.8%. The EBIT in Q1 2011 was burdened by restructuring
costs of EUR 1.0 million caused by the relocation of the Bonder product
line from Waterbury, VT, USA to Sternenfels. The adjusted EBIT is EUR 3.5
million, which translates into an adjusted EBIT-margin of 10.8%. For the
remainder of the fiscal year 2011 we expect final restructuring costs from
this relocation of approximately EUR 1 million. Earnings after taxes (EAT)
from continuing operations amounted to EUR 2.4 million, compared to EUR
-0.7 million in the previous year. The basic earnings per share (EPS),
therefore, totaled EUR 0.13 (previous year: EUR -0.04).
Cash and interest bearing securities amounted to EUR 50.3 million at the
end of the first quarter. Net liquidity amounted to EUR 35.1 million (March
31, 2010: EUR 11.0 million). The Free Cash Flow for the fiscal year,
before security transactions and extraordinary effects as well as M&A
transactions, was EUR -2.2 (previous year's quarter: EUR -1.3 Million).
Outlook
The Management Board confirms that it expects sales of more than EUR 170
million for the current fiscal year, 2011. The company also expects the
EBIT-margin to improve compared with the previous year. As of today the
free cash flow is expected to reach a double digit million Euro figure. For
the first half year of the fiscal year 2011 the company expects sales of
more than EUR 80 million.
Personnel
The Supervisory Board of SUSS MicroTec AG has extended the existing
management contract with Mr. Frank P. Averdung, which was set to expire at
the end of January 2012, ahead of schedule by an additional five years. In
doing so, it has expressed its confidence in the work performed by Mr.
Averdung (56). The electrical engineering graduate came to SUSS MicroTec AG
at the beginning of February 2009 as President and Chief Executive Officer.
He will now retain his position with the Company through January of 2017.
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 mask aligners, coaters, bonders
and probe 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:
SUSS MicroTec AG
Franka Schielke
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
Email: franka.schielke@suss.com
End of Corporate News
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Language: English
Company: Süss MicroTec AG
Schleissheimer Strasse 90
85748 Garching
Deutschland
Phone: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
E-mail: ir@suss.com
Internet: www.suss.com
ISIN: DE0007226706
WKN: 722670
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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123070 05.05.2011
DGAP-News: Süss MicroTec AG: Quarterly Figures for 2011 Published
| Source: EQS Group AG