SÜSS MicroTec AG: Refocusing of the Permanent Bonding Product Line

SÜSS MicroTec AG: Refocusing of the Permanent Bonding Product Line

SÜSS MicroTec AG  / Key word(s): Strategic Company Decision

07.05.2013 20:12

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Refocusing of the Permanent Bonding Product Line 

Garching, May 7, 2013 - SÜSS MicroTec AG, a global supplier of equipment
and process solutions for the semiconductor industry and related markets
announces a strategic repositioning of the permanent bonding product line
today. The management board of SUSS MicroTec has decided to focus permanent
bonding on MEMS and LED applications to address the unsatisfying earnings
level of this product line. With this step SUSS MicroTec takes into account
the technological advancement of the product portfolio and the market
developments of the recent years. In connection with these measures a
non-cash adjustment of EUR 6.8 million in the second quarter 2013 will be
necessary. The write-offs are on capitalized development costs, which
originate from the years prior to 2008, as well as on no longer needed
demonstration tools and inventories. The future growth of the Substrate
Bonder division will mainly be driven by the product line Temporary Bonding
which has been successfully established in the market. The sales
contribution of the Permanent Bonding product line will for the time being
remain at the level of the previous year. With these changes the Substrate
Bonder division of SUSS MicroTec is well positioned to benefit from the
expected growth in the target markets 3D IC, MEMS and LED in the years to
come.

The management board of SUSS MicroTec reiterates the sales expectation of
approximately EUR 150 million for the fiscal year 2013. Due to the
write-offs, SUSS MicroTec now expects a negative EBIT in the mid-to-high
single digit million Euro range for the fiscal year 2013.


Contact:
SUSS MicroTec AG
Franka Schielke
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451 
Email: franka.schielke@suss.com


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Language:     English
Company:      SÜSS MicroTec AG
              Schleissheimer Strasse 90
              85748 Garching
              Germany
Phone:        +49 (0)89 32007-161
Fax:          +49 (0)89 32007-451
E-mail:       ir@suss.com
Internet:     www.suss.com
ISIN:         DE000A1K0235
WKN:          A1K023
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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