Süss MicroTec AG: Preliminary Figures for the 2008 Fiscal Year

Süss MicroTec AG: Preliminary Figures for the 2008 Fiscal Year

Süss MicroTec AG / Preliminary 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.
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SUSS MicroTec AG: Preliminary Figures for the 2008 Fiscal Year

  - Sales and Earnings Forecast from October 2008 Surpassed

  - Sales of EUR 149.3 Million Approximately Three Percent Higher Than
    Previous Year’s EUR 145.6 Million

  - EBIT before Extraordinary Expenses of EUR 7.2 Million (Previous Year:
    EUR 6.0 Million)

  - EBIT after Extraordinary Expenses of EUR -11.1 Million

  - Significant Improvement in Net Cash to EUR 9.4 Million at Fiscal Year
    End

Munich, Germany, February 9, 2009 – Based on preliminary figures, SUSS
MicroTec AG (business address: Schleissheimer Straße 90, 85748 Garching,
Germany; ISIN: DE0007226706), listed in the Prime Standard of the Deutsche
Börse AG, was able to increase sales slightly in fiscal year 2008. Overall,
the high-tech company generated sales of EUR 149.3 million (previous year:
EUR 145.6 million) and order entry of EUR 139.0 million (previous year: EUR
149.7 million). The order backlog as of December 31, 2008 totaled EUR 69.7
million (12/31/07: EUR 77.5 million).

Earnings before interest and taxes (EBIT) were impacted by extraordinary
expenses in fiscal year 2008, particularly for write-downs on intangible
assets amounting to EUR 18.3 million. EBIT before extraordinary expenses
rose by approximately 21 percent compared to the previous year to EUR 7.2
million (previous year: EUR 6.0 million). Including extraordinary expenses,
however, EBIT amounted to EUR -11.1 million.

Although fourth quarter sales of EUR 45.1 million fell only marginally
short of the EUR 46.9 million generated in the corresponding period of last
year, order entry in the last quarter of 2008 reflected the general
reluctance to invest by the semiconductor industry as a result of the
global economic crisis. Order entry of EUR 27.7 million in the fourth
quarter did not measure up to the outstanding amount achieved in the same
period of last year of EUR 54.2 million – the second highest order entry in
the history of SUSS MicroTec.

Cost Reduction Measures

In recent months, the Group has carried out extensive restructuring and
cost reduction measures. In the process, the number of employees has been
reduced from 732 (June 30, 2008) to 690 as of December 31, 2008, and it
will be reduced further to approximately 660 by March 31, 2009 within the
framework of measures that have already been implemented. Furthermore,
contracts with approximately 40 temporary workers expired as of December
31, 2008.

Capacity Utilization

As a result of declining order entry and of delivery scheduling in the
semiconductor equipment industry, SUSS MicroTec AG has initiated the
targeted reduction of vacation and available overtime in long-term accounts
at specific Group companies. In addition, the subsidiary SUSS MicroTec Test
Systems GmbH, Dresden, has introduced reduced working hours as of February
1, 2009. Until further notice, the reduction in working time amounts to 30%
per employee (1 1/2 days per week).

Liquidity

Liquid assets as of the end of the fiscal year totaled EUR 24.4 million.
Net Cash as of year-end 2008 rose significantly to EUR 9.4 million
(September 30, 2008: EUR 1.5 million). Free cash flow before taking the
purchase of securities into account amounted to EUR 1,9 million at year-end
2008 (previous year: EUR -7.7 million).

As of January 31, 2009, SUSS MicroTec Group possessed liquid assets of EUR
28.8 million. Net Cash as of the balance sheet date amounted to EUR 13.4
million.

Outlook

As a result of extensive restructuring and cost reduction measures, SUSS
MicroTec Group had already reduced its break-even point by the end of
fiscal year 2008 to a sales level of under EUR 120 million. Thus, the
Company has made early adjustments to a challenging market environment.

The final key figures for fiscal year 2008, which could deviate from the
above-mentioned figures, will be published on March 26, 2009.

End of the Ad Hoc Announcement



Contact:
SÜSS MicroTec AG
Julia Hartmann
Investor Relations / PR
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007 336 
Email: julia.hartmann@suss.com


09.02.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       Süss MicroTec AG
              Schleissheimer Strasse 90
              85748 Garching b. München
              Deutschland
Phone:        +49 (0)89 32007-161
Fax:          +49 (0)89 32007-336
E-mail:       ir@suss.com
Internet:     www.suss.com
ISIN:         DE0007226706
WKN:          722670
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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