Preliminary Figures for 2012 Fiscal Year Published
- Q4 Order Intake of EUR 40.2 million above guidance
- Strong sales in Q4 of EUR 55.6 million
- Full year sales reach EUR 163.8 million
- EBIT with EUR 11.7 million above guidance
Garching, February 14, 2013 – SUSS MicroTec, a leading supplier of equipment and process solutions for the semiconductor and related markets, publishes its preliminary figures for the 2012 fiscal year today.
The high-tech company generated sales of EUR 163.8 million (previous year: EUR 175.4 million) in the last fiscal year. It also recorded an order entry of EUR 157.2 million (previous year: EUR 143.1 million). The order backlog amounted to EUR 86.5 million (12/31/2011: EUR 83.7 million). Earnings before interest and tax (EBIT) came in at EUR 11.7 million (previous year: EUR 18.6 million), which is above the guidance. The EBIT for 2012 included one-time currency effects of EUR -0.4 million. These effects result from the settlement of company-internal foreign currency credits by SÜSS MicroTec AG against SUSS MicroTec Inc. in connection with the acquisition of Tamarack in March 2012. It was influenced by the higher share of Substrate Bonder sales and the negative margin impact from Tamarack. The EBIT-Margin for 2012 reached 7.1% (previous year: 10.6%).
The fourth quarter was extraordinarily good. Order entry came in at EUR 40.2 million and was slightly above the upper end of the guidance. Sales of EUR 55.6 million were very strong and well ahead of the previous year (EUR 44.8 million). Due to the high sales level the EBIT reached EUR 8.6 million after EUR 3.9 million in the previous year, which translates into an EBIT-Margin of 15.5% after 8.7% in Q4 2011. The EBIT of the fourth quarter includes a one off effect of EUR 1.8 million, resulting from an adjustment of the purchase price allocation for Tamarack and a revaluation of the provision for the earn-out component. Without this effect the EBIT for Q4 2012 would have been EUR 6.8 million.
Cash and interest bearing securities amounted to EUR 36.6 million at the end of the fiscal year 2012. Net liquidity declined from EUR 42.0 to EUR 32.3 million on December 31, 2012 million, mainly due to the acquisition of Tamarack. The Free Cash Flow for the fiscal year, before security transactions and extraordinary effects as well as M&A transactions, was EUR - 4.5 million, compared to EUR 3.5 million in the previous year.
Taking the order backlog at year end 2012 and the moderate outlook of the semiconductor equipment industry for 2013 into account, the Management Board expects sales of around EUR 150 million for the current fiscal year. Due to an expected change in product mix in favor of Bonders and Scanners, which currently still have low gross margins, the EBIT is expected to reach a low single digit million EUR amount in fiscal 2013.
The final key figures for the 2012 fiscal year – which may deviate from those given above – will be published on March 28, 2013.