DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Quarter Results
SINGULUS TECHNOLOGIES Reports Preliminary Results for the First Nine
Months
19.10.2011 / 08:50
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Presse Release
SINGULUS TECHNOLOGIES Reports Preliminary Results for the First Nine Months
- Sales in the first nine months already exceed total sales in 2010
- Result significantly positive
- Order intake + 40.8 % in the period under review
- Full-year forecast for 2011 with 33 % increase in sales and positive
earnings reaffirmed
Kahl am Main, October 19, 2011. - According to preliminary results the
SINGULUS TECHNOLOGIES AG (SINGULUS) generated sales of about EUR 121.8
million in the first nine months of the current business year and therefore
already exceeds the total sales in 2010 of EUR 120.1 million. The operating
result (EBIT) in the first nine months 2011 amounted to about EUR 6.3
million compared with EUR -13.1 million (before extraordinary charges) in
the first nine months of 2010. In the period under review the EBITDA
totaled approximately EUR 14.7 million. The business trend in the Solar
sector war impacted by uncertainty in the market in the past couple of
months. However, SINGULUS was successful in generating positive earnings on
an EBITDA basis in the Solar segment in the first nine months. The order
intake in the first nine months of 2011 also improved by 40.8 % to EUR
137.0 million (previous year: EUR 97.3 million).
The Executive Board confirms its sales forecast for 2011 of more than EUR
160.0 million with a positive full-year result published on May 26, 2011.
The business activities with Blu-ray equipment developed very favorably for
SINGULUS in 2011. SINGULUS expects to record approximately 76.6 % more
orders for the BLULINE II until the end of the year than in 2010.
Accordingly, the Blu-ray activities significantly contribute to the
positive overall result. Futuresource Consulting forecasts a global
production of 811 million Blu-ray discs in 2011, which means an increase of
38 % compared with 2010. In the biggest market, the US, the production
volume is set to expand by 49 %. For Europe, similar growth figures are
projected for 2011. In addition, Futuresource expects the global production
capacity of machine for the manufacturing of Blu-ray discs to grow from
about 1.27 billion discs in 2010 to 1.74 billion discs in 2011.
With its machines SINGULUS has established itself as a partner in the
photovoltaics industry and cooperates with key customers in the development
of new, highly-efficient cell concepts and innovative production processes.
Just recently, the company presented a new process machine for the vacuum
coating of CIGS/CIS thin-film solar cells and already received the first
order for this machine. The system meets the current demand in the
photovoltaics industry for development tools to increase the efficiency of
thin-film solar cells and to simultaneously reduce the production costs.
Hence, SINGULUS develops a new work area in the sharply growing thin-film
photovoltaics market and expands its offer of production equipment for the
manufacturing of CIGS/CIS cells by an additional production step.
In the period under review SINGULUS has worked extensively on the further
development of its production machines for silicon and thin-film solar
cells. At the end of July the work on the projects 'CIS-cluster tool' for
the research of new production processes and the efficiency increase of CIS
thin-film photovoltaic modules started in cooperation with AVANCIS, HERAEUS
Noblelight and IfG Institute for Scientific Instruments. Also the 2nd
generation of the wet-chemical process machines VITRUM and TENUIS were
presented. For the VITRUM GEN 2 SINGULUS already recorded an order intake
for nine machines. In addition, the coating system SINGULAR is increasingly
employed as a development tool for industrial research and development as
well as application-oriented basic research in the work area of solar
energy conversion. The machine enables the coating of complex layer
systems, which are composed of different materials, and ensures high cell
efficiency, operating times and optimized total costs of ownership.
SINGULUS will continue to expand its activities in the segments Solar and
Optical Disc to strengthen the innovative advantage of the company.
Therefore SINGULUS reviews the further optimization of the capital
structure and additional means of financing, which also includes the
issuance of a bond. The accompanying flexibility would enable the company
to take advantage of the markets' opportunities for further growth.
The goal is to attain a leading position in the silicon and thin-film solar
technology as a machine supplier as well as a development partner for new
cell concepts and to further extend the technologic leadership in the
Optical Disc segment. The business activities in the work area
nano-technology were extensively strengthened in the course of the growing
market for MRAM semi-conductor technology. In addition, the company reviews
other sectors and work areas, where new market segments can be developed on
the basis of the present know-how in the area of vacuum coating.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 1709202924
End of Corporate News
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Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Germany
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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142698 19.10.2011
DGAP-News: SINGULUS TECHNOLOGIES Reports Preliminary Results for the First Nine Months
| Source: EQS Group AG