DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Final Results SINGULUS TECHNOLOGIES Reports Consolidated Annual Results for 2016 30.03.2017 / 08:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release SINGULUS TECHNOLOGIES Reports Consolidated Annual Results for 2016 - Sales in 2016 at EUR 68.8 million - Earnings before interest and taxes at EUR -17.7 million - Order intake amounts to EUR 152.1 million - Successful completion of the financial restructuring - Doubling of sales planned in 2017 - Positive EBIT in the low single-digit million euro range expected for 2017 Kahl am Main, March 30, 2017 - The SINGULUS TECHNOLOGIES AG reports for the fiscal year 2016 that gross revenue of EUR 68.8 million was generated, down on the prior-year figure of EUR 83.7 million. Earnings before interest and taxes (EBIT) amounted to EUR -17.7 million in the reporting period (previous year: EUR -34.5 million). Adjusted for one-off expenses, EBIT amounted to EUR -17.3 million (previous year: EUR -18.2 million). A restructuring gain of EUR 41.2 million was recognized in the reporting year in connection with the bond restructuring. Overall, the financial result for fiscal year 2016 was EUR 37.8 million (previous year: EUR -8.8 million). The net profit for the period amounted to EUR 18.9 million in fiscal year 2016 (previous year: net loss of EUR 43.4 million). Total order intake was up significantly on the prior-year figure to EUR 152.1 million in the reporting period (previous year: EUR 96.3 million). The major order with state-owned China National Building Materials (CNBM) in China in particular led to a year-on-year increase in order intake. The order backlog as of December 31, 2016 was EUR 109.9 million (previous year: EUR 26.6 million). Overall, cash and cash equivalents decreased slightly in the reporting period, declining by EUR 0.5 million to EUR 18.5 million as of December 31, 2016. SINGULUS TECHNOLOGIES continued to pursue a conservative human resources policy in fiscal year 2016. The headcount in Germany remained more or less unchanged as of the end of the year, at 278 employees (previous year: 283 employees). Overall, the SINGULUS TECHNOLOGIES Group's global headcount declined to 318 employees (previous year: 335 employees). Financial restructuring of the company in 2016 During the first half of 2016 SINGULUS TECHNOLOGIES was able to already complete the financial restructuring of the corporate bond due in March 2017 as far as possible. The concept mainly provided for the exchange of the old SINGULUS bond into new shares of the company as well as new bearer notes of the secured bond, which was newly issued in the meantime. As a final step of the financial restructuring, SINGULUS TECHNOLOGIES has issued 2,021,938 new shares for a subscription price of EUR 3.25 per new share in the course of the subscription right capital increase. All shareholders were offered a subscription right with a ratio of 3 : 1. In addition the former bondholders were able to exercise the overall held purchase rights. All of the offered shares were subscribed through the execution of subscription rights and additional subscriptions by the rights holders. The entry of the implementation of the capital increase into the commercial register was effected on October 7, 2016. The nominal capital of the company of EUR 6,065,814 was increased by the amount of EUR 2,021,938 to EUR 8,087,752. Outlook und Expectations For the business year 2017, the company thus expects a doubling of sales compared with the prior year 2016 and a positive operating result (EBIT) as well as correspondingly improved earnings before depreciation and amortization (EBITDA). Our forecast for the full-year targets 2017 mainly rest on the assumptions that the work for the second production site for CNBM will commence in a timely manner during the first half of the year and that we will be able to realize our expected additional orders for production machines in the Solar division, especially in the area of wet-chemical equipment. Correspondingly, the forecasts assume a substantial expansion of sales in the Solar segment. Furthermore, the Semiconductor and Optical Disc division should improve compared with the previous year. The strategy of our company is aimed at utilizing our core competencies in processing technology and engineering to gain additional market share in our key markets - in particular Solar - through innovative engineering and machine concepts. Consolidated Key Figures 2015/2016 2015 2016 Sales in million EUR 83.7 68.8 Order intake in million EUR 96.3 152.1 Order backlog (Dec. 31) in million EUR 26.6 109.9 EBIT in million EUR -34.5 -17.7 Earnings before taxes in million EUR -43.3 20.1 Net profit/loss in million EUR -43.4 18.9 Operating cash flow in million EUR -10.5 14.1 Shareholder's equity in million EUR -21.5 12.1 Balance sheet total in million EUR 92.1 96.2 Research & development expenditure in million EUR 11.2 12.3 Employees (Dec. 31) 335 318 Number of shares outstanding 305.814 8.087.752 Earnings per share, basic EUR -141.9 5.13 SINGULUS TECHNOLOGIES Innovations for new technologies SINGULUS TECHNOLOGIES builds machines for economical and resource-efficient production processes. SINGULUS TECHNOLOGIES' strategy is based on the use and expansion of its existing core competencies. The application areas include coating technology, surface processing, wet-chemical applications as well as the related chemical and physical processing steps. The company's target is to reach a technologically leading position in the Solar division. For all machines, processes and applications SINGULUS TECHNOLOGIES draws upon its know-how in the areas of automation and process technology. SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main Contact: Maren Schuster, Investor Relations, Phone.: +49 (0) 160 9609 0279 Bernhard Krause, Unternehmenssprecher, Phone.: +49 (0) 1709202924 --------------------------------------------------------------------------- 30.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- 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: [email protected] Internet: www.singulus.de ISIN: DE000A1681X5, DE000A2AA5H5 WKN: A1681X, A2AA5H Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 559893 30.03.2017