SUSS MicroTec surpasses 2001 sales and earnings planning

SUSS MicroTec surpasses 2001 sales and earnings planning

SUSS MicroTec surpasses 2001 sales and earnings planning

 

Munich, March 21, 2002 - SÜSS MicroTec AG achieved strong sales growth in the 2001 financial year and surpassed the sales and earnings targets set for 2001.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGIn the 2001 financial year net sales rose considerably and at EUR 214.8 million, improved by 32.3% over the previous year (EUR 162.3 million). The net result after tax increased by 76.1% to EUR 21.1 million (previous year: EUR 12 million). The EPS improved considerably, from EUR 0.90 to EUR 1.53 per share.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGThe gross margin rose from 55.9% in the previous year to 57% in the financial year. With regard to gross profit, SÜSS MicroTec achieved EUR 122.4 million, a rise of 34.9% (previous year: EUR 90.8 million).START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGThe EBITDA was EUR 50.4, a plus of 34.9% (previous year: EUR 37.4 million). The EBITDA margin also developed positively and was 23.5% - against 23% in the previous year. The EBIT rose by 30%, from EUR 31.4 million to EUR 40.9 million. At 19.4% the EBIT margin remained virtually consistent to the previous yearSTART_OF_TAGBREND_OF_TAG(19%).START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGAt EUR 156 million, incoming orders were lower by 32.2% in the 2001 financial year than in the previous year (EUR 230.3 million). The weak global economy, the unsatisfactory development in the semi-conductor industry and the tragic events in the USA led to a restrained issue of orders, especially in the third quarter 2001, and to the delay of orders. Particularly customers from the USA were very restrained with regard to the issue of orders during this period. In the fourth quarter incoming orders were consolidated.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGSÜSS MicroTec expect sales development in the 2002 financial year to be typical for the semiconductor industry. A more restrained commencement of sales development is expected for the first two quarters due to the current order situation. In general, an increase of incoming orders is expected for the second and third quarter, in particular, which could be realized as sales in 2002. At this current point in time the Management Board of SÜSS MicroTec assumes stagnating or slightly reduced sales for the overall 2002 financial year and expects a considerable increase of sales for 2003.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGIssuer's information/explanatory remarks concerning this ad-hoc-announcement:


Two Year Ration Comparison: (in Mio. Euro):

 

Financial Year 2000

Financial Year 2001START_OF_TAGBREND_OF_TAG

Changes in %

Net Sales

162,3

214,8

+ 32,3

Incoming Orders

230,3

156,0

- 32,2

Gross Profit

90,8

122,4START_OF_TAGBREND_OF_TAG

+ 34,9

Gross Margin

55,9%START_OF_TAGBREND_OF_TAG

57,0%

EBITDA

37,4

50,4

+ 34,9

EBITDA -Margin

23,0%

23,5%

EBIT

31,4

40,9

+ 30,0

EBIT-Margin

19,4%

19,0%

Ergebnis n. Steuern

12,0

21,1

+ 76,1

EPS

0,90 Euro/Share START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAG

1,53 Euro/Share


Derivations in the percentages may be caused by roundings.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGAbout SUSS MicroTec:START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGSÜSS MicroTec is a leading supplier of production and process technology for the semi-conductor industry. SÜSS MicroTec primarily services niche markets, which are currently converting to the new technologies to ensure their continued ability to compete. With over 7,000 systems installed, Suss products include coating and developing systems, proximity lithography systems, substrate bonders, device bonders and probe systems. Headquartered in Munich, Germany, Suss has approximately 1,000 employees worldwide and operates numerous sales and service centers in North America, Europe, Asia and Japan. More information about SUSS MicroTec and its products is available from its web site at http://www.suss.com or http://www.suss.de.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGFurther Information can be obtained from:START_OF_TAGBREND_OF_TAGSÜSS MicroTec AGSTART_OF_TAGBREND_OF_TAGBarbara v. JanSTART_OF_TAGBREND_OF_TAGInvestor RelationsSTART_OF_TAGBREND_OF_TAGTel.: + 49 (0) 89 / 320 07-314START_OF_TAGBREND_OF_TAGFax: +49 (0) 89/ 320 07-336START_OF_TAGBREND_OF_TAGE-mail: b.jan@suss.de