Mio.Euro |
1.HY 2001 |
1.HY 2000 | 1.HY 1999 | 1.HY 1998 |
Revenues |
104,5 |
158,3 | 61,7 | 46,9 |
EBIT |
19,0 |
42,4 | 13,1 | 11,7 |
Net Income |
12,2 |
21,9 | 6,7 | 5,3 |
EPS |
0,34 |
0,60 | 0,19 | 0,15 |
At 64.4 million Euro in QII 2001, the order intake was increased over the previous quarter I/2001 (48.8 million Euro). Earnings of 53.1 million Euro in QII/2001 exceeded those of the same prior year quarter (51.4 million Euro), although the extraordinary revenues achieved in QII/2000 (103.7 million Euro) could not be matched. Cumulative revenue for the first six months of the current fiscal year reached 104.5 million Euro compared to 158.3 million Euro for the same prior year period. The order backlog on 6/30/01 totaled 118 million Euro (6/30/00: 259 million Euro).
The corporation continues to demonstrate a high degree of profitability despite a decline in net earnings from 21.9 million Euro in the first half year of 2000 to 12.2 million Euro in the first half of 2001. At 12.5% (prior year 15.2%). The gross profit margin declined to 33.8% in the first six months of the current fiscal year (37.6% for the same period last year).
The second half of the year has traditionally progressed stronger than the first. Given this background, our order intake and sales have fully met our expectations.
Forecast
We foresee continued positive growth for optical disc replication systems in the DVD, CD-RW and DVD ± RW/RAM product sectors. The growing acceptance and market penetration particularly of DVD for video and DVD-ROM for game console applications, will result in the generation of a worldwide increase in demand for replication systems.
Unlike its main competitors, SINGULUS‘ roots and strengths lie in prerecorded CD and DVD systems, a segment in which SINGULUS has assumed a global leadership position. Growth in this market is determined by the availability of the requisite prerecorded content and is less affected by overcapacity than is the market for blank discs.
We consider the new business sector for rewritable CD-RW and DVD ± RW/RAM formats to be a very important strategic arena in the future.
In cooperation with PIONEER, the first fully operational DVD-RW was manufactured outside Japan. The DVD-RW format, which has been available on the Japanese consumer electronics market for a year, is now attracting worldwide attention. It chances of replacing the analog VHS cassette are optimal. Even the rival DVD+RW format, with its market debut scheduled for August 2001 at the IFA in Berlin, utilizes similar production technology and can therefore also be produced on our machines.
SINGULUS is the only systems supplier able to supply a CD/DVD manufacturer with a turnkey production system (metallizer + hardware + process) for all rewritable optical data discs. This is particularly important for the European market where there is real project demand but where customers lack the practical experience of manufacturing rewritable media. The technological strength of our products, our organization’s focus on service and customer support, our streamlined cost structure and low fixed costs as well as our financial strength will remain guarantors that secure for SINGULUS TECHNOLOGIES a strong market position and high net returns in the future.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/MainISIN: DE0007238909 / WKN: 723890