SUSS MicroTec presents results for first quarter 2002

SUSS MicroTec presents results for first quarter 2002

Lower year on year results due to economic situation:

 
  • Sales EUR 28.9 million compared to EUR 52.1 million in Q1/2001


  • EBITDA EUR -1.9 million (previous year: EUR 10.1 million); EBITDA margin -6.4%


  • Significant improvement of result based on rising demand not expected before the second half of the year


Munich, May 15, 2002. SUSS MicroTec AG, a leading supplier of production and process technology for the semi-conductor industry, publishes the restrained sales development anticipated and already announced for Q1/2002.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGNet sales were EUR 28.9 million which corresponds to a drop of 44.5% year on year (EUR 52.1 million). Earnings after tax was EUR -1.9 million, in Q1/2001 SUSS MicroTec achieved EUR 3.5 million.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGEBITDA (earnings before interest, taxes and depreciation) was EUR -1.9 million over EUR 10.1 million in the previous year. The EBITDA margin was -6.4% compared to 19.3% in the previous year. Correspondingly, EBIT was EUR -3.3 million against EUR 8.2 million in Q1/2001. The EBIT margin changed to -11.5% (previous year: 15.8%).START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGThe order entry was EUR 23.8 million in Q1/2002, a decline of 57.2% over the same period of the previous year (EUR 55.6 million). At the beginning of the second quarter the company noticed an increase of customer interest and thus a rise in offering activities, particularly in the USA.START_OF_TAGBREND_OF_TAGSTART_OF_TAGBREND_OF_TAGThe Board of Management anticipates a seasonal development for the whole of 2002 similar to that of 2000 as the order overhand at the beginning of 2001 led to an unusually positive sales development in the first half of 2000. The Board expect the major sales and earnings contribution for the whole of the year to be achieved in the second half of 2002, especially in the fourth quarter, as occurred in 2000.

Overview Q1/2002:

 

in Mio. Euro

Q1 2002

Q1 2001

%-change

net sales

28.9

52.1

-44.5

gross profit

14.0

28.7

-51.3

gross margin

48.3%

55.1%

EBITDA

-1.9

10.1

EBITDA margin

-6.4%

19.3%

EBIT

-3.3

8.2

EBIT margin

-11.5%

15.8%

net results after tax

-1.9

3.5

EPS

-0.13 Euro

0.26 Euro


About SUSS MicroTec:

 

SÜSS 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_TAGSTART_OF_TAGBREND_OF_TAGSUSS 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 07-359START_OF_TAGBREND_OF_TAGE-mail: b.jan@suss.de