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Bernhard Krause
MetaCom Corporate Communications GmbH
Bruchköbeler Landstrasse 37, D - 63452 Hanau
Tel.:     +49 [0]6181-98280-20
Fax:     +49 [0]6181-98280-10
E-mail: prkontakt@go-metacom.de
SINGULUS TECHNOLOGIES Announces Results for the 3nd Quarter of 2006
06. November 2006
  • Sales for the first nine months 2006 increased by 23 % to € 213.1 million
  • EBIT improved to € 7.9 million (+ 39 %)
  • New orders received at € 272.4 million (previous year: € 178.2 million)
  • As of September 30, 2006, order backlog nearly doubled to € 120.2 million

Kahl am Main, November 6, 2006 - During the first nine months of 2006 the SINGULUS TECHNOLOGIES Group (SINGULUS) achieved a 23 % higher sales volume of € 213.1 million compared with the previous year (€ 172.6 million). The EBIT of € 7.9 million (previous year: € 5.7 million) was 39 % higher. Sales of € 96.6 million in the 3rd quarter 2006 were significantly higher than in the previous year (Q3 2005: € 73.5 million).

In the first nine months of the year the order intake rose significantly from 178.2 million in the same period one year ago to € 272.4 million currently. As of September 30, 2006, the order backlog stood at € 120.2 million (previous year: € 62.2 million), which is significantly higher than the comparable figure for 2005.

As of September 30, 2006, the EBIT amounted to € 7.9 million and is therefore 39 % higher than in the same period one year ago (€ 5.7 million). This includes one-off effects in connection with the first-time consolidation of HamaTech in the 1st quarter of 2006. They mainly stem from an extraordinary gain in the amount of € 34.1 million from the earnings-relevant reversal of a resulting badwill in the course of the first-time consolidation as well as restructuring charges in the amount of € 20.1 million. In the third quarter an EBIT of € 2.6 million was achieved. The consolidated contribution of HamaTech amounted to an EBIT of - € 2.7 million in the quarter under review. The earnings after taxes came in at € 0.8 million in the 3rd quarter 2006, which was below previous year’s level (€ 3.2 million). During the first nine months of 2006 the earnings after taxes rose by € 3.7 million to € 8.1 million compared with the previous year. The gross profit margin stood at 22.9 % in the 3rd quarter and at 23.9 % for the first nine months of the year (previous year: 29.3 %).

The operating cash flow of € 11.1 million during the first nine months of 2006 was substantially higher than in the previous year (€ 4.0 million). This increase results mainly from the high net profit before depreciation.

Compared with September 30, 2005, the headcount (excluding HamaTech) declined from 641 to 591 employees. HamaTech also adjusted its headcount continuously to the economic situation. As of September 30, 2006 the SINGULUS Group (including HamaTech) employed 1,182 people. Due to the sale of the 51 % share in the Slovakian subsidiary the headcount as of October 1, 2006 declines by additional 318 employees to 864.

SINGULUS still regards the traditional CD and DVD machine activities as an important pillar of its overall business operations in the next couple of years. In addition, the project activities in the market for equipment for the production of recordable discs experienced a pick-up again. For Blu-ray we are working very hard - together with the key customers – to further improve the processes for permanent operation. Therefore, the company is confident – as already in the previous year – with respect to a constant improvement of the starting point and the sale volumes of Blu-ray machines in the coming years.

The integration of HamaTech has become very tangible. With the first successful disposal of a non-core activity and the transfer of the photo masking operations into a legally independent entity as of November 1, 2006, the portfolio adjustments are showing first concrete results.

Since the scope of consolidation of the SINGULUS TECHNOLOGIES Group changed as of October 1, 2006, SINGULUS realigned the expected consolidated sales to a range between € 255 and 275 million for the business year 2006 and announced this on October 6. This reflects a sales forecast for the Slovakian company in the amount of € 25 million in the 4th quarter 2006. The company confirms its assessment that the SINGULUS TECHNOLOGIES Group will deliver a positive EBIT in 2006.

With respect to Blu-ray SINGULUS is confident for the year 2007 and thinks that with an increasing market volume it will benefit as one of the first companies from this growth. SINGULUS is also internationally well positioned with its DVD / HD DVD combination machine SPACELINE.

 

SINGULUS TECHNOLOGIES - Consolidated key figures 3rd quarter 2004-2006 pursuant to IFRS

2004
IFRS

2005
IFRS

2006
IFRS

Sales

Mio. Euro

139.5

73.5

96.6

Order intake

Mio. Euro

79.7

65.1

78.1

EBIT

Mio. Euro

31.9

4.5

2.6

Earnings before taxes

Mio. Euro

32.3

4.7

2.4

Net profit

Mio. Euro

19.6

3.2

0.8

Research and development

Mio. Euro

5.1

3.8

6.7

 

 

SINGULUS TECHNOLOGIES - Consolidated key figures first nine months 2004-2006 pursuant to IFRS

2004
IFRS

2005
IFRS

2006
IFRS

Sales

Mio. Euro

299.8

172.6

213.1

Order intake

Mio. Euro

377.3

178.2

272.4

Order backlog (September 30)

Mio. Euro

116.6

62.2

120.2

EBIT

Mio. Euro

49.8

5.7

7.9

Earnings before taxes

Mio. Euro

51.0

6.7

8.3

Net profit

Mio. Euro

31.3

4.4

8.1

Operating cash flow

Mio. Euro

-1.7

4.0

11.1

Shareholders’ equity

Mio. Euro

259.1

250.9

271.9

Balance sheet total

Mio. Euro

415.2

367.0

435.9

Research and development

Mio. Euro

14.6

12.0

19.2

Employees (September 30)

 

730

641

1,182

Weighted average shares outstanding (basic)

 

37,089,892

35,103,098

34,941,929

Earnings per share

Euro

0.84

0.13

0.23