- Sales rise by 15 % to about € 280 million (previous year: € 244 million)
- Order intake increased by 28 % to € 318 million (previous year: € 249 million)
- CEO Baustert: “Diversification shows first success.�
Kahl am Main, February 14, 2007 - According to preliminary figures the SINGULUS TECHNOLOGIES Group (SINGULUS) achieved sales in the amount of about € 280 million in 2006 (previous year: € 244.4 million). Therefore, SINGULUS realized sales above the sales forecast announced in November 2006. At € 318 million the order intake for the full year 2006 was 28 % higher, significantly above the € 249 million achieved in 2005. The order intake of € 46 million in the 4th quarter 2006 was below previous year’s level (€ 70.5 million), whereas the 4th quarter 2005 included a large order of more than € 20 million. The order backlog amounted by 33 % to € 81 million as of December 31, 2006 (previous year: € 61 million).
In addition, the company confirmed its expectation to generate a positive EBIT in 2006 (previous year: € 2.1 million). “For the first time our diversification strategy contributed to the results. This trend will become even stronger in 2007", said Stefan A. Baustert, CEO of the SINGULUS TECHNOLOGIES AG.
Integration HamaTech AG
The acquisition of the HamaTech AG has been nearly concluded. This consolidation of the sector is important for the future success of SINGULUS. With the acquisition SINGULUS laid the foundation for a technologic and market leadership in all optical disc formats. This will also have a positive impact in the course of the launch of the upcoming once-recordable Blu-ray / HD DVD for the recording of high-resolution television programs (HDTV). Currently, SINGULUS holds about 89 % of the shares in the HamaTech AG in total.
The relocation of HamaTech's activities in the Recordable segments to Kahl will be completed by SINGULUS in the next couple of weeks. Following the sale of 51 % of the shares in the Slovakian subsidiary in Nové Mesto for € 1.9 million as of October 1, 2006 and the disposal of the STEAG ETA-Optik GmbH, Heinsberg to the Swedish AudioDev AB for € 3.25 million, the optimization of the portfolio progresses as planned.
Outlook
The future growth of the new disc formats HD DVD and Blu-ray, the opportunities in the new business areas Nano-Deposition Technologies, Optical and Decorative Coatings as well as a clear strategy to expand the activities will lay the foundation for an overall positive corporate development at SINGULUS.
SINGULUS TECHNOLOGIES – Consolidated key figures | |||
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| 2005 | 2006* |
Gross revenues | million Euro | 244 | 280 |
Order intake | million Euro | 249 | 318 |
Order backlog as of | million Euro | 61 | 81 |
* Preliminary and inaudited