- Order intake increased by 65 % compared to prior year period
- EBIT with € -8.0 million (previous year: € -10.6 million) still negative
- First front-end system for silicon solar cells accepted
- Additional SINGULAR systems to be delivered
- STANGL’s patented TENUIS CIS technology globally leading
- Market introduction of SOLARE production lines commences
- Order intake for Blu-ray systems in July from four continents
- New order for CRYSTALLINE mastering system
Kahl am Main, August 03, 2010 – During the first six months of the business year 2010 the SINGULUS TECHNOLOGIES AG (SINGULUS) achieved an order intake of € 67.4 million (previous year: € 40.8 million), which means an increase of 65.2 % compared with the 1st half of 2009. The order intake in the 2nd quarter was also slightly above the level in the comparable period in 2009. As of June 30, 2010 the order backlog totaled € 45.5 million, which is slightly above the € 43.9 million realized in the same period in 2009. Sales in the first six months in 2010 came to € 49.3 million, still below the prior-year level of € 67.1 million. This decline is a result of lower sales in the Semiconductor division due to the disposal of the HamaTech APE GmbH & Co. KG, Sternenfels ("APE") as well as lower sales in the Solar segment. Overall, this also had an impact on the EBIT which is negative in the 1st quarter with € -8.0 million (previous year: € -10.6 million). In the quarter under review the EBIT amounted to € -2.5 million (previous year: € -5.7 million).The business performance to date in the Optical Disc segment could not compensate the so far weak sales and the results of the Solar segment.
The number of employees in the SINGULUS Group declined from 608 employees as of June 30, 2009 to 470 employees as of June 30, 2010. This decrease is mainly due to the disposal of APE as well as the reduction of the headcount in the course of the restructuring program in the 3rd quarter 2009.
Outlook
In the Solar segment SINGULUS was able to further develop several solar projects in the past couple of weeks and months so that the portfolio of offered projects in the Solar division has become of considerable volume. This level of projects is expected to enable the company to book additional Solar orders in the near future.
In the meantime, SINGULUS was able to realize the first installation of a front-end system for the manufacturing of silicon solar cells. The company is in talks with additional prospective buyers for this machine, has presented respective offers and expects to make significant progress in the future. In the thin-film solar technology SINGULUS is in active project talks for wet-chemical plants, diffusion furnaces and ILGAR technologies.
The business development in the Optical Disc division is within expectations and nearly unchallenged by impacts from competitors. In the freely-accessible Blu-ray market SINGULUS has achieved a market share of more than 90 % in the meantime. In the end SINGULUS is only dependent on the innovation activities as well as the success of Hollywood and the growth rate of the Blu-ray Disc. Market figures make SINGULUS rather confident for the next couple of years.
The coming weeks will be decisive for the further course of the business year 2010 and impact the key figures for sales and earnings correspondingly. Although for the time being SINGULUS is trailing the forecasts for the business year, the company still sees the possibility to reach the targets for 2010.
Consolidated key figures 2nd quarters 2009-2010 pursuant to IFRS
|
| 2009 | 2010 |
Sales | million € | 31.7 | 27.8 |
Order intake | million € | 23.4 | 27.6 |
EBITDA | million € | -0.6 | 1.9 |
EBIT | million € | -5.7 | -2.5 |
Earnings before taxes | million € | -7.0 | -3.5 |
Net profit | million € | -7.8 | -2.2 |
R+D expenses | million € | 2.5 | 2.1 |
Consolidated key figures 1st half 2009-2010 pursuant to IFRS
|
| 2009 | 2010 |
Sales | million € | 67.1 | 49.3 |
Order intake | million € | 40.8 | 67.4 |
Order backlog (June 30) | million € | 43.9 | 45.5 |
EBITDA | million € | -0.4 | 0.9 |
EBIT | million € | -10.6 | -8.0 |
Earnings before taxes | million € | -12.9 | -10.3 |
Net profit | million € | -13.9 | -7.9 |
Employees (June 30) | 608 | 470 | |
Earnings per share, basic | -0.38 | -0.20 |




