Süss MicroTec AG Publishes Figures for First Quarter of 2010

Süss MicroTec AG Publishes Figures for First Quarter of 2010

Süss MicroTec AG / Quarter Results

06.05.2010 07:38

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SUSS MicroTec AG Publishes Figures for First Quarter of 2010

  - Order Entry of EUR 32.3 Million Approximately 103% Higher Than in
    Previous Year (Q1 2009: EUR 15.9 Million)

  - Order Backlog as of March 31, 2010 Increased by 27% to EUR 75.4 Million
    (03/31/2009: EUR 59.2 Million)

  - Annual Forecast Raised

Garching near Munich, Germany, May 6, 2010 - SUSS MicroTec AG (business
address: Schleissheimer Strasse 90, 85748 Garching, Germany; ISIN:
DE0007226706), which is listed in the Prime Standard of Deutsche Börse AG,
published its figures for the first quarter of the 2010 fiscal year today.
The order entry of EUR 32.3 million in the first three months (Q1 2009: EUR
15.9 million; +103.1%) particularly reflected the increased confidence of
Asian production clients to invest in equipment, sales of EUR 21.9 million
in the first quarter were at a similar level to the corresponding quarter
of the previous year (Q1 2009: EUR 22.5 million). The observed sales
development in the months from January to March was primarily influenced by
the extraordinarily strong sales generation in the fourth quarter and
machine delivery delays in the Substrate Bonder area. The order backlog as
of March 31, 2010 rose by 27.4% compared with a year earlier to EUR 75.4
million (March 31, 2009: EUR 59.2 million).

Earnings before interest and taxes (EBIT) of EUR -0.1 million were slightly
negative, but significantly improved from the EUR -0.8 million in the
previous year. Operating income includes a gain of bargain purchase of EUR
1.4 million, which was determined based on the purchase price allocation
for HamaTech APE during its initial consolidation. Earnings after taxes
(EAT) amounted to EUR -1.1 million, compared with EUR -1.1 million in the
corresponding quarter of the previous year. The basic earnings per share
(EPS) therefore totaled EUR -0.06 (Q1 2009: EUR -0.06).

The free cash flow before consideration of securities and extraordinary
effects from M&A activities as of the end of the quarter came to EUR -1.3
million after EUR 1.9 million in the corresponding period of the previous
year. As of March 31, 2010, SUSS MicroTec Group therefore had cash and
interest-bearing securities of EUR 22.8 million (March 31, 2009: EUR 24.4
million). As a result of the HamaTech acquisition, the net cash position
declined in comparison to the end of the 2009 fiscal year from EUR 18.4
million to EUR 11.0 million as of the end of the quarter (March 31, 2009:
EUR 11.6 million). As of April 30, 2010, net cash totaled EUR 16.9 million.

The forecast for the current fiscal year is being raised slightly. The
Company is currently assuming that in the 2010 fiscal year it will achieve
sales of over EUR 120 million as well as an improved EBIT compared to the
previous year and a positive free cash flow (before completed M&A
transactions are taken into account).

End of the ad hoc announcement

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Language:     English
Company:      Süss MicroTec AG
              Schleissheimer Strasse 90
              85748 Garching b. München
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, München, Hamburg, Stuttgart
End of News                                     DGAP News-Service