SÜSS MicroTec AG: Order Entry Expectation for Q1 2017 Increased to now EUR 35 million to EUR 45 million; Sales and EBIT in Q1 2017 are Expected to be Below the Previous Year's Level

SÜSS MicroTec AG: Order Entry Expectation for Q1 2017 Increased to now EUR 35 million to EUR 45 million; Sales and EBIT in Q1 2017 are Expected to be Below the Previous Year's Level

SÜSS MicroTec AG / Key word(s): Incoming Orders/Development of Sales

21-March-2017 / 18:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
 


Disclosure of an inside information acc. to Article 17 MAR

Order Entry Expectation for Q1 2017 Increased to now EUR 35 million to EUR 45 million; Sales and EBIT in Q1 2017 are Expected to be Below the Previous Year's Level

Garching, March 21, 2017 – In a board meeting, the Management Board of SUSS MicroTec AG discussed, among other things, the order entry for the individual divisions today. After a detailed examination and discussion of the figures, the Management Board hereby announces its current expectations for the order entry in the first quarter 2017. Order entry in the first quarter of 2017 is expected to exceed the previous guidance of € 25 million to € 35 million, given on February 10, 2017. At this point of time, the Company expects that order entry in the first quarter of 2017 will range between € 35 million and € 45 million. The reason for the increased expectations is a generally more lively order behavior of the customers than originally expected for the first quarter of 2017.

After a fourth quarter 2016 with a record sales level of € 69.5 million, the Company expects a noticeable decline in sales in the first quarter 2017. Sales in the first quarter 2017 with most likely be around € 20 million (previous year: € 27.6 million). The lower sales level in the first quarter 2017 will have a negative impact on EBIT (earnings before interest and tax) in the first quarter 2017. At this point of time, the Company expects an EBIT below the previous year’s level.

For the current fiscal year, the Company so far guided sales to be in the range of € 160 million to € 170 million and an EBIT to be in the range of € 9 million to € 13 million. At this point of time, the Company expects the increased order entry in the first quarter 2017 to have a positive impact on sales and EBIT for the full fiscal year 2017.




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

21-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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