- Sales and EBIT in the 3rd quarter significantly above Q1 and Q2 2005
- Sound balance sheet with net cash in the amount of € 53 million
- First Blu-ray production line delivered
- More than 60 % SPACELINE II HD as combined machines for HD DVD
- 200th AM Mastering machine sold
SINGULUS TECHNOLOGIES (SINGULUS) was able to significantly increase sales to around € 73.5 million compared with the previous quarters (Q1: € 50.4 million; Q2: € 48.7 million) of the current fiscal year, but remained below previous year’s level (€ 139.5 million) as expected. Cumulative sales total € 172.6 million in the current business year which is below the € 299.8 million achieved during the same period one year ago.
During the 3rd quarter the order intake came to € 65.1 million. This only represents a decline of € 14.6 million or 18.3 % compared with the 3rd quarter 2004. During the first nine months of 2005 the order intake totaled € 178.2 million (previous year € 377.3 million).
As of September 30, 2005 the order backlog in the amount of € 62.2 million was also just slightly below the previous quarter’s level (€ 70.7 million), but as expected significantly below the € 156.1 million achieved in the previous year.
Accordingly, the EBIT followed this favorable sales trend and amounted to € 4.5 million (previous year € 31.9 million). This includes extraordinary expenditure in the amount of more than € 5 million. This makes clear that the operating earnings power was considerably stronger in the 3rd quarter than the results suggest.
From today’s point of view we expect that SINGULUS will reach its forecast sales and earnings targets in terms of the operating activities of the current year.
SINGULUS as the market leader in the Optical Disc segment shows that it can achieve positive results, which can be used for a future-oriented company policy, in economically difficult times as well.
We see significant growth potential in our core business in 2006 in particular – supported by the market launch of high-definition TV and the 3rd format generation Optical Disc and think that we have left the bottom of business activities behind. Thus, we look confidently to the year 2006.
SINGULUS TECHNOLOGIES – Consolidated key figures Nine Months | |||||
|
| 2002 | 2003 | 2004 | 2005 |
Gross revenues | million Euro | 209.5 | 255.0 | 299.8 | 172.6 |
Order intake | million Euro | 242.2 | 313.1 | 377.3 | 178.2 |
Order backlog as of | million Euro | 88.4 | 116.6 | 156.1 | 62.2 |
EBIT | million Euro | 41.0 | 46.8 | 49.8 | 5.7 |
EBT | million Euro | 42.3 | 47.6 | 51.0 | 6.7 |
Consolidated net | million Euro | 27.2 | 29.9 | 31.3 | 4.4 |
Earnings per share | Euro | 0.74 | 0.81 | 0.84 | 0.13 |
Number of |
| 472 | 582 | 730 | 641 |
For the first time SINGULUS TECHNOLOGIES also reports the quarterly results for the fiscal year 2005 according to International Financial Reporting Standards (IFRS). Previous year’s figures were adjusted to IFRS accordingly.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/MainISIN: DE0007238909 / WKN: 723890