28.03.2018
SINGULUS TECHNOLOGIES AG DE000A1681X5
DGAP-News: SINGULUS TECHNOLOGIES Reports Annual Consolidated Results for 2017
DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Final Results
SINGULUS TECHNOLOGIES Reports Annual Consolidated Results for 2017
28.03.2018 / 08:15
The issuer is solely responsible for the content of this announcement.
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Press Release
SINGULUS TECHNOLOGIES Reports Annual Consolidated Results for 2017
- Sales increased by 32.6 %
- Gross margin significantly improved to 28.1 %
- First orders for automotive and medical technology
- Additional prepayments received for major CIGS project
- Substantial increase in sales expected for 2018
- Positive EBIT in mid-single-digit million range forecast for 2018
Kahl am Main, March 28, 2018 - The SINGULUS TECHNOLOGIES AG was able to
increase sales by 32.6 % from EUR 68.8 million to EUR 91.2 million in the
past business year. The operating result (EBIT) of EUR -1.2 million was
in-line with the forecast (previous year: EUR -17.4 million). The earnings
before depreciation and amortization (EBITDA) at EUR 0.7 million were
slightly positive (previous year: EUR -14.14 million).
In the year under review the gross profit margin improved substantially by
9.3 percentage points compared with the prior year and amounted to 28.1 %
(previous year: 18.8 %). An improved utilization rate, in particular in the
Solar segment, contributed materially to this development. As of year-end on
December 31, 2017, the liquid funds increased by EUR 8.7 million to EUR 27.2
million.
The order backlog as of December 31, 2017 stood at EUR 106.7 million, around
the prior-year level of EUR 109.9 million. Overall, the order intake came to
EUR 88.0 million in 2017 (previous year: EUR 152.1 million). On a positive
note, additional contracts with a volume exceeding EUR 30 million have
already been signed and the company expects to receive respective
prepayments shortly.
The number of staff in Germany as of the year-end increased to 279 (previous
year: 278 employees). Overall, the global headcount within the SINGULUS
TECHNOLOGIES Group declined slightly to 315 (previous year: 318 employees).
Dr.-Ing. Stefan Rinck, Chief Executive Officer, comments: "In the business
year 2017 we have improved our sales by more than 30 % and attained leading
positions within the international competition in key segments of the
photovoltaics market. Our company has grown again and we were able to
further expand our business activities. We are determined to successfully
continue this growth path in the current business year 2018 as well."
The major project started with CNBM in 2016 is progressing according to the
receipt of the agreed prepayments. Currently, the machines for the site in
Meishan are produced and will be delivered this year.
For the current business 2018, pursuant to IFRS (International Financial
Reporting Standards), SINGULUS TECHNOLOGIES forecasts a significant increase
in sales for the Group compared with the previous year. Sales are expected
to be in a low triple-digit million range. The EBIT for the business year
2018 is forecast to be positive in a mid-single-digit million range. The
main sales and earnings drivers originate from the Solar segment and here
mainly from a few major project orders for investments in production lines
for CIGS thin-film solar modules. The forecasts for the annual targets for
2018 mainly rely on the assumption that to a large extent the delivery
contracts already booked in the order backlog will be completed as scheduled
within the course of the business year 2018.
SINGULUS TECHNOLOGIES' strategy is to take advantage and to expand its
existing core competencies. The processes include coating technology,
surface finishing, wet-chemical and thermal production processes.
Dr.-Ing. Stefan Rinck adds: "In the past business year 2017, we have
extensively reviewed opportunities to enter the growth market of medical
technology and have made a respective strategic decision. With the order
intake for a new processing machine for the treatment of contact lenses,
this important step was realized in November 2017."
SINGULUS TECHNOLOGIES aims to extensively expand the work area of medical
technology. In the division of surface treatment, additional applications,
e.g. for the automotive sector, are tested to take advantage of the existing
market opportunities. The goal for the next couple of years is to introduce
additional machine concepts for various new markets to further diversify the
company from a sales market perspective.
At a glance - consolidated key figures 2017 - 2016
2017 2016*
Sales In million EUR 91.2 68.8
Order intake In million EUR 88.0 152.1
Order backlog (Dec. 31) In million EUR 106.7 109.9
EBIT In million EUR -1.2 -17.4
Earnings before taxes In million EUR -2.8 20.4
Net profit In million EUR -3.2 20.2
Operating cash flow In million EUR -14.1 14.1
Shareholders' equity In million EUR 20.2 13.3
Balance sheet total In million EUR 87.9 95.1
Expenses for research & development In million EUR 8.6 12.3
Employees (Dec. 31) 315 318
Weighted number of shares, basic 8,896,527 8,087,752
Earnings per share, basic EUR -0.39 5.48
*Prior-year amounts adjusted
SINGULUS TECHNOLOGIES - Innovations for new technologies
SINGULUS TECHNOLGOIES builds innovative machines and systems for efficient
and resource-friendly production processes. SINGULUS TECHNOLOGIES' strategy
is to take advantage of its existing core competencies and to expand these
further.
The core competencies include vacuum coating, surface processing,
wet-chemical and thermal production processes. The company offers machines,
which are used worldwide in the solar, semiconductor, medical technology,
consumer goods and optical disc sectors. For all of these machines,
processes and applications SINGULUS TECHNOLOGIES harnesses its automation
and process technology expertise.
Contact:
Maren Schuster, Investor Relations, Tel.: +49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: +49 (0) 1709202924
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28.03.2018 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
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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: [email protected]
Internet: www.singulus.de
ISIN: DE000A1681X5, DE000A2AA5H5
WKN: A1681X, A2AA5H
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard);
Regulated Unofficial Market in Dusseldorf, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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