Adhoc Statement

Contact:

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
Pronounced Growth in SINGULUS Revenue and EBIT - Q3 Order Intake Shows Above Average 29.3% Growth
November 04, 2003

SINGULUS TECHNOLOGIES achieved pronounced growth in the first nine months of the year as well as gross revenues for the 3rd quarter 2003.

 

In Mio. Euro

Q3 2002

Q3 2003

9 Mon. 2002

9 Mon. 2003

Gross Revenues

99.2

115.8

209.5

255.0

EBIT

21.9

25.4

41.0

46.8

Net Income

14.6

15.9

27.2

29.9

EPS (in Euro)

0.39

0.43

0.74

0.81

At 87.4 million Euro, the order intake for QIII/2003 clearly surpassed that of QIII/2002 (72.6 million Euro). The 313.1 million Euro order intake for the first nine months of 2003 is 29.3% higher than the total order intake for the prior year’s 9 months period (242.2 million Euro). The order backlog amounted to 116.6 million Euro by the 09/30/03 closing date (last year: 88.4 million Euro).

The gross margin for the period in report declined from 36.3 % last year to 33.5 % of net earnings. The gross margin for the first 9 months of the year is calculated at 33.0 % (prior year 36.1 %). Earnings before income and tax (EBIT) for the 3rd quarter totalled 25.4 million Euro, up 15.6 % over last year (21.9 million Euro). An improvement in the EBIT was recorded for the nine-month period, up from 41.0 million Euro in 2002 to 46.8 million Euro in 2003 (+ 14.1 %).

Net earnings of 29.9 million Euro for the nine-month period exceeded last year’s 27.2 million Euro by 10.1 %. Net earnings of 15.9 million Euro were generated for QIII/2003 period. The net margin for the first nine months totalled 12.1 % (prior year: 13.6 %).

Based on the nine-month results and the order backlog of September 30th, 2003, SINGULUS TECHNOLOGIES’ executive board still expects a growth in revenues of at least 20 % in 2003. However, the increase in net earnings will be slightly weaker than expected and forecast by SINGULUS, as a substantial part of our revenues increase versus 2002 stems from the lower-margin CD/DVD 5 and CD-R sectors. The company’s profitability, however, remains at a very high level.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main
ISIN: DE0007238909 / WKN: 723890

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