Süss MicroTec AG: Preliminary Figures for the 2010 Fiscal Year

Süss MicroTec AG: Preliminary Figures for the 2010 Fiscal Year

Süss MicroTec AG  / Key word(s): Preliminary Results

10.02.2011 08:27

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* Order Entry Totals EUR 189.3 Million (Previous Year: EUR 96.3 Million)
* Sales Total EUR 139.1 Million (Previous Year: EUR 103.9 Million) 
* Positive EBIT of EUR 14.3 Million (Previous Year: EUR 2.8 Million)
* Free Cash Flow of EUR 14.1 Million (Previous Year: EUR 8.9 Million); Net
Liquidity EUR 34.6 Million (Previous Year: EUR 18.4 Million) as of
12/31/2010

Garching, Germany, February 10, 2011 - SUSS MicroTec AG, which is listed in
the Prime Standard of Deutsche Boerse AG, published its preliminary figures
for the 2010 fiscal year today.
The high-tech company generated sales of EUR 139.1 million (previous year:
EUR 103.9 million) in the last fiscal year. It also recorded order entry of
EUR 189.3 million (previous year: EUR 96.3 million). The order backlog
amounted to EUR 116.1 million (12/31/2009: EUR 57.0 million).
Thanks to increased sales in combination with a less than proportional cost
increase, the company generated earnings before interest and tax (EBIT) of
EUR 14.3 million. The EBIT includes extraordinary charges due to the
investment and divestment activities of EUR 1.5 million in total. This
number includes EUR 3.9 million costs for the relocation of the bonder
division from Waterbury, USA, to Sternenfels and a EUR 2.7 million badwill
acquired during the purchase of HamaTech. Costs for the relocation of the
coater and developer division from Vaihingen to Sternenfels came in at EUR
0.3 million. Additionally the EBIT includes a one time currency effect of
EUR 1.8 million for the fiscal year 2010. This amount results from the
payback of intercompany foreign currency debt from Suss MicroTec Inc.,
Waterbury, in connection with the transfer of intangible assets to the Suss
MicroTec Lithography GmbH in December 2010. Taking this into consideration
the adjusted EBIT is at EUR 14.0 million.
The fourth quarter exceeded expectations in terms of order entry. At EUR
49.5 million, order entry in the last three months was approximately 53
percent higher than the previous year's figure of EUR 32.4 million. Sales
amounted to EUR 42.5 million, which is above the level of the previous year
(EUR 33.3 million).
Cash and interest bearing securities amounted to EUR 50.1 million at the
end of the 2010 fiscal year. Net liquidity increased significantly by the
end of 2010, coming to EUR 34.6 million (December 31, 2009: EUR 18.4
million). The Free Cash Flow for the fiscal year,  before security
transactions and extraordinary effects as well as M&A transactions, was EUR
14.1 (previous year: EUR 8.9 Million).
The final key figures for the 2010 fiscal year - which may deviate from
those given above - will be published on March 30, 2011.


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Language:     English
Company:      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 Announcement                             DGAP News-Service
 
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