During the first quarter of 2003, SINGULUS TECHNOLOGIES increased its order intake to 128.6 million Euro, up 65.9 % over the same prior-year period (77.5 million Euro). Bookings showed significant growth over the previous quarter as well (Q4/2002 = 51.1 million Euro). The order backlog grew from 58.5 million Euro on 12/31/02 to 130.1 million Euro by the close of the period on 3/31/03.
Net earnings of 56.9 million Euro in Q1/2003 slightly surpassed those achieved during the same period a year ago (Q1/2002 = 53.5 million Euro).
In Mio. Euro | Q1 2002 | Q1 2003 |
Gross Revenues | 53.5 | 56.9 |
Bookings | 77.5 | 128.6 |
EBIT | 9.2 | 8.7 |
Earnings | 6.1 | 5.8 |
EPS | 0.17 | 0.16 |
At 35.2 % of net earnings, the overall gross margin for the first quarter of 2003 remained unchanged from last year. Earnings before income tax (EBIT) totaled 8.7 million Euro, somewhat below last year (9.2 million Euro) as a result of increased R&D expenditures. Earnings of 5.8 million Euro for the period fell just short of last year’s figures (6.1 million Euro).
The huge amount of project activities for the various DVD formats progressed uninterrupted from last year into the first quarter of 2003. The project activity for CD, i.e., combined CD/DVD 5 systems, has gratifyingly demonstrated a renewed upward trend. Repeat orders for our successful SPACELINE placed by well-established customers confirm our favorable view of the DVD market, which will continue to grow this year. Based on a value-added supply chain unique to our industry in that it encompasses the manufacture of all optical disc formats, we will continue to access additional markets for once-recordable and rewritable DVD and expand our market share in 2003.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main
ISIN: DE0007238909 / WKN: 723890