Süss MicroTec AG / Key word(s): Final Results
Final Figures for 2010 Fiscal Year Published
- Order Intake at EUR 189.3 million, which is 97 % above prior year
- Sales plus 34 % to EUR 139.1 million
- EBIT quintupled to EUR 14.3 million
- Net liquidity increased to EUR 34.6 million
Garching, March 30, 2011 - SUSS MicroTec AG published its consolidated financial statements for the 2010 fiscal year today. The figures show that the company experienced a clear increase in both sales and order entry in the past fiscal year. Excluding the discontinued Test Systems division and including HamaTech APE, consolidated since March 2010, the SUSS MicroTec Group generated sales of EUR 139.1 million, beating the previous year's level of EUR 103.9 million by approximately 34%. Order entry increased significantly by 97% year on year to EUR 189.3 million (previous year: EUR 96.3 million).
The group's core division - Lithography - posted a 15% increase in sales to EUR 88.9 million (previous year: EUR 77.6 million) during the year under review. The Substrate Bonder division also succeeded in growing its revenues by approximately 35% to EUR 24.7 million (previous year: EUR 18.3 million). The upswing in Lithography was largely due to the end of the general reluctance to make new investments as well as the increased demand from Asian production customers. The Substrate Bonder division benefited from the increasing importance of bonding equipment in the manufacturing process of MEMS, LED and future three-dimensional chip structures (3D integration). The Photomask Equipment division, acquired in early 2010, already contributed sales of EUR 18.4 million.
Due to the sharp increase in sales, coupled with only moderate cost increases, the company was able to generate earnings before interest and tax (EBIT) of EUR 14.3 million for the last fiscal year, meaning a quintuplication from the previous years' level of EUR 2.8 million. This translates into an EBIT-margin of 10.3%. The largest EBIT contribution came again from the Lithography division, but the new Photomask Equipment division also contributed positively to the EBIT. Only the division Substrate Bonder, burdened with restructuring expenses as well as strategically important orders with low margins, shows a negative result for 2010.
Earnings after taxes (EAT) from continuing operations amounted to EUR 13.0 million, compared to EUR 0.5 million in the previous year. The basic earnings per share (EPS), therefore, totaled EUR 0.71 (previous year: EUR 0.03).
About SUSS MicroTec
SUSS MicroTec AG
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
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|Company:||Süss MicroTec AG|
|Schleissheimer Strasse 90|
|Phone:||+49 (0)89 32007-161|
|Fax:||+49 (0)89 32007-451|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart|
|End of News||DGAP News-Service|