Süss MicroTec AG noticeably increases Sales and Earnings

Süss MicroTec AG noticeably increases Sales and Earnings

Süss MicroTec AG / Half Year Report



Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc Announcement

SUSS MicroTec noticeably increases Sales and Earnings

  - Sales and Gross Profit Margin performed very well in the second quarter
  - Business Environment still steady, especially for Lithography
    Production Tools
  - Improved Guidance for 2006: Sales at least EUR 150 million, EBIT-Margin
    8-10%

Munich, August 02, 2006 – SUSS MicroTec (ISIN DE0007226706) continued the
very positive development of the recent quarters. In the first six months
earnings performance as well as order situation showed a considerable
improvement. The goals of the comprehensive restructuring activities have
been met, and the basic framework to continue the trend is in place.

Both further improved products and optimised manufacturing have led to a
significant step forward in the Group’s financial performance. Thanks to
increased efficiency in the customer acceptance process, sales in the
second quarter grew to EUR 43.1 million (PY: EUR 28.3 million; +52%). Sales
for the first six months were EUR 82.1 million (PY: 48.0 million; +71%).
The improved gross profit margin was mainly driven by a lean cost
structure. In the second quarter, the gross profit margin increased from
36.9% in 2005 to 48.5% in 2006. When comparing the first half year, 46.8%
was achieved in 2006 (36.3% in 2005).

Earnings before interest and taxes (EBIT) amounted to EUR 7.8 million in
the second quarter (PY: minus EUR 1.2 million); therefore the EBIT margin
was 18%. In the first half year the EBIT rose from minus EUR 6.1 million in
2005 to EUR 12.6 million in 2006 with an EBIT Margin of 15%. Earnings per
Share in the first half year 2006 reached EUR 0.58 (2005: minus EUR 0.49).

Order entries amounted to EUR 36.9 million in the second quarter (PY: EUR
27.9 million; +32%) and confirmed the ongoing steady market condition
remains unchanged. In the first half year SUSS MicroTec booked EUR 77.5
million in new orders compared to EUR 51.9 million in 2005 (+49%). Order
backlog totalled EUR 77.2 million as of June 30, 2006.

In the first six months of 2006 the key indicators (orders, sales, segment
result) showed a positive trend in almost every segment. Based on this
positive development, SUSS MicroTec currently expects sales in 2006 to grow
to at least EUR 150 million for the full year with an EBIT margin in the
range of no less than 8-10% of sales.

Segment overview:

LITHOGRAPHY: This segment continued to show a positive performance,
especially with regard to demand for production equipment for MEMS and
Advanced Packaging applications. This segment benefits especially from the
success of the restructuring measures. High output combined with improved
gross profit margin were particularly responsible for the outstanding
earnings performance.

Lithography        1.HY     1.HY     Y-o-Y    Q2 06    Q2 05    Q-o-Q
                   06       05
Order Entry        47.3     28.9     +64%     22.0     17.8     +24%
Sales              51.7     26.2     +98%     25.9     14.7     +77%
Segment result     13.7     -3.0     ---      8.1      -0.5     ---
 

SUBSTRATE BONDER: In the first half year, Sales and Orders were clearly
increased and the segment result almost reached break even. For the third
quarter it is expected that order volume will increase compared to the
second quarter 2006.

Substrate Bonder   1.HY     1.HY     Y-o-Y    Q2 06    Q2 05    Q-o-Q
                   06       05
Order Entry        6.4      2.2      +194%    1.8      1.4      +29%
Sales              8.5      2.9      +192%    5.3      2.3      +131%
Segment result     -0.1     -2.2     -96%     0.0      -1.4     ---


DEVICE BONDER: The target to bring back the segment at least to break even
level was accomplished in the first six month through local cost saving
measures. On the basis of the current order situation, it is expected that
the earnings situation will develop accordingly for the full year 2006.

Device Bonder      1.HY     1.HY     Y-o-Y    Q2 06    Q2 05    Q-o-Q
                   06       05
Order Entry        4.1      2.0      +102%    2.4      1.1      +113%
Sales              2.8      3.3      -15%     2.5      2.8      -11%
Segment result     0.5      0.1      +249%    0.7      0.6      +21%


TEST SYSTEMS: The improved development in the second quarter affirmed that
there is no trend reversal in this segment. This is supported by the order
development in Q2. The segment result improved mainly due to higher Gross
Profit Margins.

Test Systems       1.HY     1.HY     Y-o-Y    Q2 06    Q2 05    Q-o-Q
                   06       05
Order Entry        13.2     14.2     -7%      7.6      5.8      +30%
Sales              12.6     11.4     +11%     6.2      6.2      -1%
Segment result     0.9      -0.4     ---      0.3      0.3      -22%


OTHERS: Increased business especially in Masks and Micro Optics was
responsible for the positive trend in sales and results for this segment.

Others             1.HY     1.HY     Y-o-Y    Q2 06    Q2 05    Q-o-Q
                   06       05
Order Entry        6.4      4.6      +39%     3.1      1.7      +81%
Sales              6.5      4.2      +53%     3.2      2.3      +40%
Segment result     -1.5     -1.9     -20%     -0.8     -0.4     ---


The Second quarter / Half year 2006 at a glance:

                                              1.HJ     1.HJ
Million Euro       Q2 06    Q2 05    Q-on-Q   06       05       Y-on-Y
Order entry         36.9     27.9    32.4%     77.5     51.9    49.4%
Order backlog as
of 30.06.             --       --       --     77.2     69.5    11.1%
Sales               43.1     28.3    52.2%     82.1     48.0    71.1%
Gross profit        20.9     10.5    99.9%     38.5     17.4    >100%
Gross profit
margin             48.5%    36.9%       --    46.8%    36.3%       --
EBITDA               9.3      0.3    >100%     15.9     -2.5    >100%
EBITDA margin      21.6%     1.1%       --    19.4%    -5.2%       --
EBIT                 7.8     -1.2    >100%     12.6     -6.1    >100%
EBIT margin        18.0%    -4.4%       --    15.3%    -12.7%      --
Earnings after
tax                  6.3     -2.1    >100%     10.0     -7.4    >100%
EPS, diluted        0.36    -0.14    >100%     0.58    -0.49    >100%
Net Cash              --       --       --      8.4     -3.6    >100%
Free Cash Flow      -5.5     -6.5    15.6%      1.2     -2.8    >100%
Employees as of
30.06.                 -        -        -      708      686     3.2%

The semi-annual report is available for download on www.suss.com 

For further information please contact: 

SÜSS MicroTec AG, Investor Relations, Barbara v. Frankenberg
Tel.: +49 (0) 89 / 320 07-314. Fax: +49 (0) 89/ 320 07-450. 
E-Mail: barbara.frankenberg@suss.com

 






DGAP 02.08.2006 
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Language:     English
Issuer:       Süss MicroTec AG
              Schleissheimer Strasse 90
              85748 Garching b. München Deutschland
Phone:        +49 (0)89 32007-314
Fax:          +49 (0)89 32007-450
E-mail:       ir@suss.de
WWW:          www.suss.de
ISIN:         DE0007226706
WKN:          722670
Indices:      
Listed:       Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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