Süss MicroTec AG: Half Year Figures for 2011 Published

Süss MicroTec AG: Half Year Figures for 2011 Published

Süss MicroTec AG / Key word(s): Half Year Results

04.08.2011 / 08:03

Half Year Figures for 2011 Published

- Order Intake stayed at last year's high level with EUR 80.4 million

- Sales plus 42% to EUR 84.7 million

- EBIT at EUR 10.6 million after EUR 3.5 million in the prior year

Garching, August 4, 2011 - SUSS MicroTec AG published its report for the first half year of the fiscal year 2011. When looking at the second quarter only, sales rose by 40% to 52.7 EUR million, compared to 37.7 EUR million in the corresponding quarter 2010. Order intake on the other hand decreased by 37% to 32.1 EUR million compared to the second quarter 2010. The EBIT increased to 8.1 EUR million compared to EUR 3.5 million in the previous year.

The figures for the first half year show that the company again experienced an increase in sales compared to the first half of 2010. SUSS MicroTec generated sales of EUR 84.7 million, beating the previous year of EUR 59.6 million by approximately 42%. Order entry decreased slightly by 3% year on year to EUR 80.4 million.

The group's largest division - Lithography - posted a 36% increase in sales to EUR 52.5 million (previous year: EUR 38.5 million) during the year under review. The Photomask Equipment division also succeeded in growing its revenues by more than 230% to EUR 20.7 million (previous year: EUR 6.1 million). The Substrate Bonder division contributed sales of EUR 7.7 million (previous year: EUR 12.1 million).

Earnings before interest and tax (EBIT) of EUR 10.6 million could be achieved (previous year: EUR 3.5 million). This translates into an EBIT-margin of 12.5%. The EBIT in H1 2011 was burdened by restructuring costs of roughly EUR 1.3 million (previous year: EUR 0.9 million) caused by the relocation of the Bonder product line from Waterbury, VT, USA to Sternenfels. The adjusted EBIT is EUR 11.9 million, which translates into an adjusted EBIT-margin of 14.0%. For the remainder of the fiscal year 2011 we expect further restructuring costs of approximately EUR 0.7 million. Earnings after taxes (EAT) from continuing operations amounted to EUR 8.3 million, compared to EUR 1.1 million in the previous year. The basic earnings per share (EPS), therefore, totaled EUR 0.44 (previous year: EUR 0.06).
Cash and interest bearing securities amounted to EUR 50.6 million at the end of the first half year. Net liquidity amounted to EUR 35.5 million (June 30, 2010: EUR 25.6 million). The Free Cash Flow for the fiscal year, before security transactions and extraordinary effects as well as M&A transactions, was EUR -2.5 (previous year: EUR 6.0 Million).

The Management Board confirms that it expects sales of more than EUR 170 million for the current fiscal year, 2011. The company also expects the EBIT-margin to improve compared with the previous year. As of today the free cash flow is expected to reach a double digit million EUR figure. For the third quarter of the fiscal year 2011 the company expects an order intake of EUR 30 to 40 million and sales of approximately EUR 35 - 40 million.

About SUSS MicroTec
SUSS MicroTec (listed on TecDAX of Deutsche Börse AG) is a leading supplier of equipment and process solutions for microstructuring in the semiconductor industry and related markets. In close cooperation with research institutes and industry partners SUSS MicroTec contributes to the advancement of next-generation technologies such as 3D Integration and nanoimprint lithography as well as key processes for MEMS and LED manufacturing. With a global infrastructure for applications and service SUSS MicroTec supports more than 8,000 installed systems worldwide. SUSS MicroTec is headquartered in Garching near Munich, Germany. For more information, please visit http://www.suss.com.

All statements in this release other than historical facts are forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Act of 1995. Words such as 'believe', 'expect', 'intend', 'anticipate', 'estimate', 'should', 'may', 'will', 'plan' and similar words and terms used in relation to the enterprise are meant to indicate forward-looking statements of this kind. The company accepts no obligation toward the general public to update or correct forward-looking statements. All forward-looking statements are subject to various risks and uncertainties, as a result of which actual events may diverge numerically from expectations. The forward-looking statements reflect the view at the time they were made.

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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134391  04.08.2011