9-months report: Süss MicroTec fully on target for sales and earnings

9-months report: Süss MicroTec fully on target for sales and earnings

  • Sales rose by 59,6% to EUR 151.2 million in the first nine monthsSTART_OF_TAGBREND_OF_TAG


  • EBIT increased from EUR 10.2 million to EUR 23.8 millionSTART_OF_TAGBREND_OF_TAG


  • Earnings per share climbed from EUR 0,30 EUR 0,84START_OF_TAGBREND_OF_TAG


  • Reiteration of targets for 2001START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAG


Munich, November 13, 2001 - With the results at the end of the 3rd quarter of 2001, SÜSS MicroTec AG will be fully able to achieve the sales and earnings targets set for this financial year.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGNet Sales rose to EUR 151.2 million in the first nine months of 2001, corresponding to a 59.6% increase on the same period of last year (EUR 94.7 million).START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGEBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) rose from EUR 14.7 million to EUR 30.5 million, an increase of 107.7%. The EBITDA margin was significantly better at 20.2% than in the same period of the previous year (15.5%). EBIT (Earnings Before Interest and Taxes) increased by 132.4%START_OF_TAGBREND_OF_TAGfrom EUR 10.2 million to EUR 23.8 million. The EBIT margin also performed positively, rising to 15.7% (previous year: 10.8%). EAT (earnings after tax) rose sharply to EUR 11.6 million, compared with EUR 4.1 million in the previous year.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGSÜSS MicroTec also attained an extremely satisfactory Gross Profit Margin, which rose to 58% (previous year: 54%). Gross profit for the first nine months of 2001 totalled EUR 87.5 million (previous year: EUR 50,9 million).START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGSÜSS MicroTec increased its EPS (Earnings Per Share) from EUR 0,30 to EUR 0,84.START_OF_TAGBREND_OF_TAGOrder Entry for the first nine months of this financial year totalled EUR 125.3 million, corresponding to a 22% decline compared with the same period of the previous year (EUR 160 million). At September, 30th Order Backlog amounted to EUR 90.4 million. In addition to the weak state of the global economy and the continuing unsatisfactory market situation in the semiconductor industry, the tragic events in the USA led to hesitance in placing orders. SÜSS MicroTec does not expect a significant change of this situation in the 4th quarter of 2001.START_OF_TAGBREND_OF_TAGThe change in the number of orders on hand will not alter the company's market share compared with its competitors, however.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGSÜSS MicroTec again reiterates the plan figures for 2001 of sales of EUR 210 million and EAT of EUR 16 million.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGContact: START_OF_TAGBREND_OF_TAGBarbara v. JanSTART_OF_TAGBREND_OF_TAGInvestor RelationsSTART_OF_TAGBREND_OF_TAGb.jan@sus.deSTART_OF_TAGBREND_OF_TAG+49-(0)89-32007314START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAG

The 3rd Quarter at a glance (in million of Euro):

 

Q3 2000

Q3 2001

% change

Net Sales

38,2

48,7

27,4

Order Entry

63,4

28,7

- 55

Gross Profit

21,7

29,1

34,4

Gross Profit Margin

56,6%

59,8%

EBITDA

9,0

10,0

11,0

EBITDA-Margin

23,6%

20,5%

EBIT

7,5

7,4

- 1,4

EBIT-Margin

19,7%

15,3%

EAT

3,0

3,5

15,8

EPS (diluted)

0,22 Euro/share

0,25 Euro/share