Süss MicroTec AG / Key word(s): Half Year Results
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).
About SUSS MicroTec
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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|