27.03.2018
SÜSS MicroTec SE DE000A1K0235
DGAP-News: Publication of the Final Figures for the Fiscal Year 2017
DGAP-News: SÜSS MicroTec SE / Key word(s): Final Results
Publication of the Final Figures for the Fiscal Year 2017
27.03.2018 / 07:51
The issuer is solely responsible for the content of this announcement.
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Publication of the Final Figures for the Fiscal Year 2017
- Full year order entry with EUR 200.3 million well above prior year
- Sales came in at EUR 166.5 million
- EBIT of EUR 13.9 million is 25.2% above prior year
- Positive Free Cash Flow stood at EUR 2.9 million
Garching, March 27, 2018 - SUSS MicroTec SE, a leading supplier of equipment
and process solutions for the semiconductor industry and related markets,
published its consolidated financial statements for the 2017 fiscal year
today.
The Company generated sales of EUR 166.5 million (previous year: EUR 177.6
million) in the last fiscal year and booked an order entry of EUR 200.3
million (previous year: EUR 161.1 million). The order backlog amounted to
EUR 133.4 million (12/31/2016: EUR 101.5 million). In the once again strong
fourth quarter, order entry came in at EUR 68.9 million (previous year: EUR
59.5 million) and sales amounted to EUR 53.1 million after EUR 69.5 million
in the fiscal year 2016. The full year EBIT amounted to EUR 13.9 million,
which is a 25.2% plus compared to the prior year (EUR 11.1 million).
The gross margin increased to 35.7% after 33.0% in 2016. Thus SUSS MicroTec
was able to continuously increase its gross profit margin in recent years.
In the 2017 fiscal year, the Lithography division generated order entry of
EUR 136.2 million and sales of EUR 112.8 million. This corresponds to a
29.7% plus in order entry but a planned 15.7% planned decrease in sales
compared to the prior year. The performance of the Bonder division was once
again very good with respect to both order entry of EUR 36.7 million
(previous year: EUR 18.6 million) and sales of EUR 22.1 million (previous
year: EUR 14.0 million). The main reasons are the successful refocusing of
the product line permanent bonders and the first volume orders for temporary
bonders for 3D-integration. At the end of December 2017, order entry in the
Photomask Equipment division was EUR 15.7 million (previous year: EUR 26.3
million). Division sales amounted to EUR 19.7 million, the same amount as in
the prior year.
Despite the overall lower sales level in the 2017 financial year the Company
achieved a significantly higher EBIT than last year and an improved EBIT
margin of 8.3% after 6.3% in the prior year. Nevertheless, EBIT of EUR 13.9
million in 2017 (prior year: EUR 11.1 million) was slightly below Company
expectations because of the overall lower sales volume. The 2017 EBIT
includes a non-recurring income of EUR 2.0 million from licensing revenues
in the Photomask Equipment division. Earnings after taxes (EAT) amounted to
EUR 6.7 million, compared to EUR 5.0 million in the previous year. The basic
earnings per share (EPS) totaled EUR 0.35 (previous year: EUR 0.26).
The Free Cash Flow for the fiscal year before security transactions was EUR
2.9 million, compared to EUR -9.1 million in the previous year. Net
liquidity increased from EUR 31.1 million to EUR 33.0 million on December
31, 2017.
Outlook
After the very good order entry in the 2017 fiscal year, we look forward to
the 2018 fiscal year with optimism. The market environment in the
semiconductor industry and the overall economic outlook stay positive, even
if several market analysts are already warning about overheating of the
market and a potential decline in growth.
SUSS MicroTec starts the new financial year with a high order backlog of EUR
133.4 million. Taking into account the continued positive outlook for the
first half of 2018, we assume that order intake in the first half of 2018
will reach the average of the comparable periods of previous years of around
EUR 70 million to EUR 80 million, however not the exceptionally high value
of the previous year (EUR 94.5 million). Building on this, we expect sales
in the range of EUR 195 million to EUR 205 million in 2018. At this revenue
level, EBIT for 2018 is expected to be in the range of 8.5% to 10.0% and
EBITDA in the range of 11.0% to 12.5% of revenue. In 2018 we do not expect
comparable license revenues as in the previous year. The reasons for the
positive development of the EBIT margin are, in addition to volume effects
from higher sales, in particular efficiency increases in internal processes.
The Bonder segment is again expected to make a significant contribution to
earnings in 2018.
In order to meet the ever-growing demands of customers and to cope with the
increasing speed of technological developments, SUSS MicroTec will once
again significantly increase its research and development expenditure in the
current fiscal year. In addition, we are aiming for a positive free cash
flow for the 2018 fiscal year.
About SUSS MicroTec
SUSS MicroTec is a leading supplier of equipment and process solutions for
microstructuring in the semiconductor industry and related markets. In close
cooperation with research institutes and industry partners SUSS MicroTec
contributes to the advancement of next-generation technologies such as 3D
Integration and nanoimprint lithography as well as key processes for MEMS
and LED manufacturing. With a global infrastructure for applications and
service SUSS MicroTec supports more than 8,000 installed systems worldwide.
SUSS MicroTec is headquartered in Garching near Munich, Germany.
For more information, please visit http://www.suss.com.
Legal Disclaimer
All statements in this release other than historical facts are
forward-looking statements within the meaning of U.S. Private Securities
Litigation Reform Act of 1995. Words such as "believe", "expect", "intend",
"anticipate", "estimate", "should", "may", "will", "plan" and similar words
and terms used in relation to the enterprise are meant to indicate
forward-looking statements of this kind. The company accepts no obligation
toward the general public to update or correct forward-looking statements.
All forward-looking statements are subject to various risks and
uncertainties, as a result of which actual events may diverge numerically
from expectations. The forward-looking statements reflect the view at the
time they were made.
Contact:
SUSS MicroTec SE
Franka Schielke
Senior Manager Investor Relations
Schleissheimer Strasse 90
85748 Garching, Deutschland
[email protected]
Tel.: +49 89 32007-161
Fax: +49 (0)89 32007-451
Email: [email protected]
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27.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: SÜSS MicroTec SE
Schleissheimer Strasse 90
85748 Garching
Germany
Phone: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
E-mail: [email protected]
Internet: www.suss.com
ISIN: DE000A1K0235
WKN: A1K023
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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669047 27.03.2018
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