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Süss MicroTec AG / Quarter Results Release of an 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. ---------------------------------------------------------------------- High Sales, Positive Result in Q1 - Sales of EUR 39.4 million, EBIT margin of 9.9% - After-tax earnings of EUR 3.5 million clearly positive - Incoming orders decrease as expected Munich, May 3, 2007 – SUSS MicroTec (ISIN DE0007226706) has started the new year successfully following the turnaround in 2006. Sales of EUR 39.4 million were achieved in the first three months, inching slightly ahead of the level attained in the 1st quarter of 2006 (EUR 39.1 million, +1%). The operating results (EBIT) totaling EUR 3.9 million turned out to be slightly lower than in the 1st quarter of 2006, which showed an EBIT of EUR 4.8 million (minus 19%). This can be attributed largely to higher manufacturing costs, which cut the gross earnings (gross earnings from sales) from EUR 17.6 million to EUR 16.6 million (minus 5%) and contributed to an EBIT margin of 9.9% (Q1 2006: 12.3%). Earnings after taxes (EAT) were positive; however, at EUR 3.5 million, they were almost as high as in the 1st quarter of 2006, when the after-tax earnings amounted to EUR 3.7 million (minus 5%). The reasons for this include lower interest expenses as a result of significant repayment of financial obligations during the previous year, coupled with higher interest income and lower income taxes than in the same period the previous year. The gross profit margin declined from 45% to 42%. This can be generally attributed to the temporarily weaker industry. The lower investment activity on the part of customers makes it more likely for them to demand price reductions while in 2006 the promise of fast machine deliveries was the decisive factor for entering agreements. This was already indicated in the 4th quarter of 2006, when the gross profit margin was 40.8%. The sold product mix also had a negative effect, as it included lower margin products as in Q1/06. The free cash flow declined from EUR 6.7 to EUR 0.5 million (minus 93%). This was mainly due to delayed advance payments from customers, which is characteristic of a temporary cooling off of demand. The fact that the semiconductor manufacturers are initially holding back on orders following the sharp investment activity in equipment in 2006 is evident in the incoming orders. At EUR 26.7 million, this figure was 34% below the EUR 40.6 million of the previous year. In Asia in particular, where major customers had placed large orders the previous year, there was a slow-down with respect to new business. Industry associations such as Semiconductor Equipment and Materials International (SEMI) had anticipated this lull in investment, however. As early as the second half of 2007, or in 2008 at the latest, SEMI feels that investment activity of the semiconductor manufactures will pick up again and even exceed the high level of the year 2006. Segment overview - first quarter of 2007 in a year-on-year comparison (Q1/06): LITHOGRAPHY: as expected, the largest and most important segment of the Group developed more sluggishly following the boom year 2006. Sales declined from EUR 25.7 million to EUR 21.6 million (minus 16%), incoming orders went from EUR 25.3 million to EUR 12.7 million (minus 50%) and segment results fell from EUR 5.6 million to EUR 4.5 million (minus 19%). In great demand were newly developed machines such as the MA200Compact Mask Aligner and the fully-automatic Spin Coater, which have meanwhile become established as standard equipment for micro-structuring. This also applies to the Spray Coater, which is being developed based on internal SUSS patents. SUBSTRATE BONDER: this business, based in the U.S., has met expectations as a growth engine: SUSS achieved significant growth in sales (EUR 6.3 compared to EUR 3.3 million, +93%) with earnings also moving into positive territory (EUR +0.1 compared to minus 0.1 million, >+100%). Incoming orders of EUR 3.2 million were EUR 1.5 million below the volume during the same period of the previous year (minus 32%). DEVICE BONDER: this segment, located in France, traditionally experiences rather large fluctuations in sales and earnings. In the first quarter of 2006, sales of only EUR 0.3 million were achieved, while now – in the 1st quarter of the current year – this figure was EUR 1.5 million (> +100%). Segment results saw a similar improvement, from minus EUR 0.3 to minus 0.1 million (+47%). Incoming orders declined during the 1st quarter of 2007 compared to the 1st quarter of the previous year, from EUR 1.6 to EUR 1.1 million (minus 33%). TEST SYSTEMS: the second largest segment, 'Test Systems', developed very strongly in the 1st quarter of 2007: sales increased from EUR 6.5 to EUR 6.8 million (+4%). However, earnings of EUR 0.3 million were behind those of the same quarter the previous year (EUR 0.6 million, minus 60%), due to a strategy that was aimed specifically at stronger penetration of the 300 millimeter market in Asia. Incoming orders saw positive development, increasing slightly from EUR 5.7 to EUR 6.2 million (+10%); in Japan these figures were EUR 1.7 million compared to EUR 0.2 million in the first quarter of 2006. MISCELLANEOUS: in addition to the Photomask and Microoptics business segments as well as holding functions, this segment also includes C4NP. In a year-on-year comparison, sales remained constant at EUR 3.3 million during the first quarter of 2007, while order entry increased by EUR 0.2 million to EUR 3.5 million (+3%). The loss – structurally caused, since the costs of the holding company not allocated to the segments are also included in the results – remained almost constant at EUR 0.7 million (1st quarter of 2006: minus EUR 0.8 million, +24%). The C4NP project continues to make good progress. Delivery and installation of the 'High Volume Production Tool' at IBM in East Fishkill, USA is proceeding according to plan. In the meantime, IBM has already installed some of the facilities required for the C4NP process and commenced production qualification for the lead-free C4NP bumping process. IBM, positioned better than ever as the technology leader in the semiconductor production sector, continues to focus on C4NP as the lead-free backend technology and trusts in SUSS MicroTec as the leading provider of Advanced Packaging solutions. Therefore, it is anticipated that the semiconductor industry will continue to be very interested in this technology and that its interest will also increase. SUSS MicroTec is also confident that sales and an EBIT margin at approximately the same level as the previous year will be achieved again in 2007. An overview of Q1/2007 results: All figures are in EUR millions Q1/2007 Q1/2006 Incoming orders 26.7 40.6 Order backlog as of March 31st 65.1 85.5 Sales revenue 39.4 39.1 Shareholders’ equity 102.6 87.7 Equity ratio 66.7% 55.4% Free cash flow 0.5 6.7 Gross earnings 16.6 17.6 Gross profit margin 42.1% 45.0% EBIT (Earnings before interest & taxes) 3.9 4.8 EBIT margin 9.9% 12.3% EAT (Earnings after taxes) 3.5 3.7 EPS, undiluted (Earnings per share in EUR) 0.21 0.22 Employees as of March 31st 771 689 The Q1/2007 quarterly report can be found at www.suss.com (available for download as a PDF) Additional information can be obtained from: SUSS MicroTec AG, Investor Relations, Dr. Günter Kast Phone: +49 89 320 07 454, Fax: +49 89 320 07 336, Email: email@example.com Contact: Dr. Guenter Kast Head of Investor Relations and Corportate Communications Tel.: +49 (0)89 32007-454, email: firstname.lastname@example.org DGAP 03.05.2007 ---------------------------------------------------------------------- Language: English Issuer: Süss MicroTec AG Schleissheimer Strasse 90 85748 Garching b. München Deutschland Phone: +49 (0)89 32007-454 Fax: +49 (0)89 32007-450 E-mail: email@example.com 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 ---------------------------------------------------------------------------