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Süss MicroTec AG / Key word(s): Quarter Results
Quarterly Figures for 2011 Published
- Order Intake at EUR 48.3 million, which is 50% above Q1 2010
- Sales plus 46% to EUR 32.0 million
- EBIT at EUR 2.5 million after EUR -0.1 million in the prior year
Garching, May 5, 2011 - SUSS MicroTec AG published its report for the first quarter of the fiscal year 2011. The figures show that the company experienced an increase in both sales and order entry in the past quarter compared to Q1 2010. SUSS MicroTec generated sales of EUR 32.0 million, beating the previous year of EUR 21.9 million by approximately 46%. Order entry increased by 50% year on year to EUR 48.3 million.
The group's core division - Lithography - posted a 58% increase in sales to EUR 25.2 million (previous year: EUR 16.0 million) during the year under review. The Substrate Bonder division also succeeded in growing its revenues by approximately 50% to EUR 3.6 million (previous year: EUR 2.4 million). The Photomask Equipment division, acquired in early 2010, contributed sales of EUR 1.1 million (previous year: EUR 2.2 million).
Earnings before interest and tax (EBIT) of EUR 2.5 million could be achieved (previous year: EUR -0.1 million). This translates into an EBIT-margin of 7.8%. The EBIT in Q1 2011 was burdened by restructuring costs of EUR 1.0 million caused by the relocation of the Bonder product line from Waterbury, VT, USA to Sternenfels. The adjusted EBIT is EUR 3.5 million, which translates into an adjusted EBIT-margin of 10.8%. For the remainder of the fiscal year 2011 we expect final restructuring costs from this relocation of approximately EUR 1 million. Earnings after taxes (EAT) from continuing operations amounted to EUR 2.4 million, compared to EUR -0.7 million in the previous year. The basic earnings per share (EPS), therefore, totaled EUR 0.13 (previous year: EUR -0.04).
Cash and interest bearing securities amounted to EUR 50.3 million at the end of the first quarter. Net liquidity amounted to EUR 35.1 million (March 31, 2010: EUR 11.0 million). The Free Cash Flow for the fiscal year, before security transactions and extraordinary effects as well as M&A transactions, was EUR -2.2 (previous year's quarter: EUR -1.3 Million).
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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|