Press Release

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Bernhard Krause
MetaCom Corporate Communications GmbH
Bruchköbeler Landstrasse 37, D - 63452 Hanau
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SINGULUS TECHNOLOGIES Reports Positive Results for the 1st Half of 2007
August 01, 2007
  • HamaTech with a positive operating result for the first time in Q2
  • Gross margin improved compared with previous year
  • New work areas contribute to sales and earnings
  • New CrystalLine mastering system successfully launched, several machines sold
  • SINGULUS acquires solar technology company

Kahl am Main, August 1, 2007 - The SINGULUS TECHNOLOGIES AG (SINGULUS), Kahl, reports sales of € 62.5 million for the 2nd quarter 2007 slightly below previous year’s level (€ 67.6 million). Compared with the adjusted figures for 2006 (SESS and ETA = € 8.4 million), the sales of € 112.3 million in the 1st half of 2007 were even higher (previous year: € 116.5 million).

The earnings before interest and taxes (EBIT) were slightly positive at € 0.5 million in the 2nd quarter (previous year: € -1.8 million). For the 1st half of 2007 SINGULUS achieved a positive EBIT in the amount of € 0.7 million (previous year: € 5.2 million). However, the earnings before interest and taxes in the previous year included extraordinary effects in connection with the first time consolidation of HamaTech. Adjusted for this extraordinary effect the operating earnings situation was significantly improved in particular due to the implemented cost reduction programs in the past two years. The earnings after taxes came in at € 0.1 million in the 2nd quarter 2007, which was above previous year’s level (€ -2.4 million). Compared with the previous year the earnings after taxes in the 1st half of 2007 declined by € 6.4 million to € 0.9 million. 

Two firm orders were booked for the mastering system CrystalLine presented at the MediaTech. The signing of additional orders is expected shortly. In addition, SINGULUS’ new work areas Photo Masks and Nano Deposition Technologies made positive contributions to sales and earnings. Additional orders were received for the eyeglass coating machine OPTICUS.

Outlook and Strategy
The acquisition of the STANGL Semiconductor Equipment AG, Eichenau, is a first very important step on the way to new, interesting markets with large growth potential. STANGL is the first acquisition beyond the traditional work area of optical disc equipment.
 
Due to the continuing sustained demand in our core activities Optical Disc we realigned our targets and regard the diversification as our most important goal from a strategic point of view and the greatest challenge for our company in the coming years. We are currently realizing these targets.
We will postpone the guidance for our financial results for the full year 2007 to the beginning of October. By then, the point of time, from when the new subsidiary will be consolidated, will also have been decided.

SINGULUS will consistently follow its path of expansion in the next couple of months. By means of own development of new work areas and a clear acquisition strategy we will bring our company back to its growth path and generate increasing sales and earnings contributions.

SINGULUS TECHNOLOGIES – consolidated key figures 2nd Quarter pursuant to IFRS (unaudited)

2005

2006

2007

Sales

Mio. Euro

48.7

67.6

62.5

Order intake

Mio. Euro

78.7

86.8

48.1

EBIT

Mio. Euro

0.2

-1.8

0.5

EBT

Mio. Euro

0.6

-1.4

0.7

Net profit

Mio. Euro

0.5

-2.4

0.1

R&D

Mio. Euro

3.8

7.5

5.6


Consolidated key figures 1st half 2005-2007 pursuant to IFRS

2005

2006

2007

Sales

Mio. Euro

99.1

116.5

112.3

Order intake

Mio. Euro

113.0

194.3 

108.5

Order backlog (June 30)

Mio. Euro

70.7

138.7

77.7

EBIT

Mio. Euro

1.2

5.2

0.7

EBT

Mio. Euro

1.9

5.9

1.3

Net profit

Mio. Euro

1.3

7.3

0.9

Employees (June 30)

638 

1,154 

674

Earnings per share, basic 

Euro

0.04

0.21

0.01