SÜSS MicroTec AG achieves record results in the first six months

SÜSS MicroTec AG achieves record results in the first six months

Compared with the same period last year:
- Sales increased by 81.4% to 102.5 million Euro
- EBIT increased by 506% to 16.3 million Euro
- EBIT margin increased by 4.8% to 15.9%
- Earnings per share increased by 0.08 to 0.59 Euro

SÜSS MicroTec AG, one of the world's leading manufacturers of production and testing equipment in the field of microelectronics, continued its successful performance throughout the first six months of the financial year 2001. In spite of the current economic weakness in the semi-conductor industry, the company achieved record results across the board. The sales and earnings targets published for the overall financial year 2001 remain unchanged.

Net sales throughout the Group soared to 102.5 million Euro in the first six months of the financial year compared with 56.5 million Euro in the same period last year, equivalent to an increase of 81.4%. This jump in sales also resulted in improved earnings.

EBITDA (earnings before interest, taxes, depreciation and amortisation) shot up from 5.7 million Euro to 20.5 million Euro (+ 261%). The EBITDA margin (ratio of EBITDA to net sates) nearly doubled to 20% (following 10.1% in the comparable period last year). EBIT (earnings before interest and taxes) even shot up by 506% from 2.7 million Euro to 16.3 million Euro, equivalent to an EBIT margin of 15.9% following 4.8% in the previous year, whereby the company was able to benefit from the strength of the US Dollar. EAT (earnings after taxes) increased by 684.4% from 1.0 million Euro to 8.0 million Euro.

This positive development in results is primarily due to the significant jump in sales and to a further improvement in the gross profit margin. The latter increased from 51.8% in the previous year to 57% in the first half-year 2001. Gross profit rose from 29.3 million Euro to 58.4 million Euro.

The corresponding development of EPS (earnings per share) was equally positive, increasing from 0.08 Euro to 0.59 Euro per share certificate (+ 648%).

At over 40 million Euro, order entry in the second calendar quarter was at a pleasingly high level compared with the semi-conductor industry as a whole. In the first six months, SÜSS MicroTec registered order entries worth some 96 million Euro - exactly the same level of orders it had received in the first six months of the previous year. On June, 30 Order Backlog amounted to 110.4 million Euro.

With these figures, the Group is right on target for the goals it has set
itself, whilst at the same time slightly exceeding analysts' expectations. For the financial year overall, SÜSS MicroTec continues to forecast an increase in sales of 30% to 210 million Euro and EAT (earnings after taxes) of 16 million Euro, following 12 million Euro in the previous year.