SINGULUS TECHNOLOGIES announced total revenues of 360 million Euro for fiscal 2003 (unaudited), an increase of 24% over the preceding year (290.5 million Euro). After-tax profits also demonstrated continued growth, more than 10% higher comparable to prior-year figures.
At 380 million Euro, order intake for 2003 clearly exceeded 2002 figures (293.3 million Euro). By 12/31/03, the 78.5 million Euro order backlog had grown 34% over the previous year (12/31/02: 58.5 million Euro). An additional high order backlog of 11.8 million Euro from the recently acquired ODME Mastering B.V. is particularly gratifying, increasing SINGULUS’ worldwide order backlog to over 90 million Euro as of 01/01/04. Positive cash flow has increased the company’s liquid assets to over 60 million Euro (12/31/02: 53.9 million Euro).
These figures can be attributed in large part to continued strong revenues from our pre-recorded DVD replication lines, and especially to the growth of recordable CD-R and DVD-R lines. SINGULUS TECHNOLOGIES expects to continue the expansion of its position and especially increase its market share in the DVD-R growth market.
The final audited 2003 Annual Report will be published on March 30, 2004.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main
ISIN: DE0007238909 / WKN: 723890