- Positive operating result in Q1 2007
- Gross margin rises to 29.2 % from 21.8 % in previous year’s first quarter
- Major order for 15 DVD lines booked
- First sales for TIMARIS machines
Kahl am Main, May 8, 2007. Compared with the previous year the 1st quarter 2007 showed a significant improvement in the adjusted operating result and the operating margin for SINGULUS TECHNOLOGIES (SINGULUS). The operating result (EBIT) in the 1st quarter 2007 amounted to € 0.2 million. In the previous year an EBIT of € 7.0 was posted, which however included an extraordinary one-off net earning of € 14.0 million. Insofar the operating earnings situation was substantially improved by the implemented cost reduction programs of the past two years.
The gross margin came to 29.2 % of net sales overall (Q1/06: 21.8 %). This increase results from the first time sales generation in the segment Nano Deposition Technologies (NDT) and a general margin improvement in the segment CD and DVD.
Although the segments Manufacturing Services, Slovakia, and ETA-Optik are no longer included in the sales of the 1st quarter 2007, the consolidated sales increased to € 49.8 million (Q1/06: € 48.8 million). Adjusting previous year’s figures for the sales contributions of sold segments, an increase in sales of 9.5 % was realized. The sales in the quarter under review for the first time included revenues from the sales of two TIMARIS machines.
With the acquisition of the HamaTech AG in January 2006 an order backlog in the amount of € 42.6 million was acquired, which together with the continuing order intake of € 64.9 million in the 1st quarter 2006 resulted in an order intake totaling € 107.5 million. An adjustment of the continuing order intake in the amount of € 64.9 million by the segments of the HamaTech Group, which are not being continued, results in an amount of € 55.6 million. Therefore, the order intake in the 1st quarter 2007 totaling € 60.4 million on a like-for-like basis (continuing order intake 2006 and 2007) is above previous year's level. The order backlog of € 92.1 million as of March 31, 2007 was below previous year’s level (Q1/06: € 119.5 million). However, the comparable figure also includes the order backlog in the amount of € 42.6 million acquired from HamaTech.
The number of employees in the SINGULUS Group continued to decline and dropped from 1,240 employees as of March 31, 2006 to 699 as of March 31, 2007. Adjusted for the discontinued operations at HamaTech, the comparable figure for previous year’s quarter amounts to 860 employees.
SINGULUS will report the guidance for the full-year 2007 with the announcement of the results for the 2nd quarter.
SINGULUS TECHNOLOGIES – consolidated key figures pursuant to IFRS (unaudited) | |||||
2004 | 2005 | 2006 | 2007 | ||
Gross revenues | Mio. Euro | 69.4 | 50.4 | 48.8 | 49.8 |
Order intake | Mio. Euro | 139.9 | 34.3 | 107.5* | 60.4 |
Order backlog | Mio. Euro | 160.5 | 40.6 | 119.5 | 92.1 |
EBIT | Mio. Euro | 6.6 | 0.9 | 7.0** | 0.2 |
EBT | Mio. Euro | 7.1 | 1.3 | 7.2 | 0.6 |
Consolidated net | Mio. Euro | 4.3 | 0.8 | 9.6 | 0.7 |
Earnings per share | Euro | 0.12 | 0.02 | 0.28 | 0.02 |
Number of | 702 | 692 | 1,240 | 699 | |
* incl. € 42.6 million order backlog from the HamaTech acquisition
** incl. € 14.0 million one-off earning from the HamaTech acquisition