SÜSS MicroTec AG: Final Figures for 2011 Fiscal Year Published

SÜSS MicroTec AG: Final Figures for 2011 Fiscal Year Published

SÜSS MicroTec AG / Key word(s): Enterprise/

30.03.2012 / 07:34

Final Figures for 2011 Fiscal Year Published

- SUSS MicroTec successful in growth markets

- Further improvement of solid financial position

- Sales plus 26% to EUR 175.4 million

- EBIT up 30% to EUR 18.6 million

- Net liquidity increased to EUR 42.0 million

Garching, March 30, 2012 - SUSS MicroTec, a leading supplier of equipment and process solutions for the semiconductor and related markets, published its consolidated financial statements for the very successful 2011 fiscal year today. The figures show that the company experienced a strong increase in sales during the last fiscal year. The SUSS MicroTec Group generated sales of EUR 175.4 million, beating the previous year's level of EUR 139.1 million by 26%. Order entry decreases by 24% year on year to EUR 143.1 million (previous year: EUR 189.3 million). Thus order backlog stood at EUR 83.7 million at December 31, 2011 (December 31, 2010: EUR 116.1 million).

The group's core division - Lithography - posted a 25% increase in sales to EUR 111.5 million during the year under review (previous year: EUR 88.9 million). The upswing in Lithography was largely due to the increased demand from Asian production customers. The Substrate Bonder division experienced declining revenues from EUR 24.7 million to EUR 20.5 million, which is a decrease by 17%. The Substrate Bonder division suffered from the increased lead times, which arose during the relocation of the business from the USA to Germany. The lead times returned to a normal level by the end of 2011. The Photomask Equipment division, acquired in early 2010, contributed sales of EUR 36.3 million (previous year: EUR 18.4 million).

Due to the sharp increase in sales the company was able to generate earnings before interest and tax (EBIT) of EUR 18.6 million for the last fiscal year compared EUR 14.3 million in the previous year. This translates into an EBIT-margin of 10.6% after 10.6% in 2010. The largest EBIT contribution came again from the Lithography division, but the Photomask Equipment division also contributed very positively to the EBIT. Only the Substrate Bonder segment, burdened with final restructuring expenses of EUR 1.4 million, strategically important orders with low margins and an increase in research and development costs, shows a negative EBIT for 2011.

Earnings after taxes (EAT) from continuing operations amounted to EUR 13.8 million, compared to EUR 13.0 million in the previous year. The basic earnings per share (EPS) totaled EUR 0.72 (previous year: EUR 0.71).

Cash and interest bearing securities amounted to EUR 56.4 million at the end of the 2011 fiscal year. Net liquidity has increased further by 21%, amounting to EUR 42.0 million (December 31, 2010: EUR 34.6 million). The Free Cash Flow for the fiscal year, before security transactions and extraordinary effects as well as M&A transactions, was EUR 3.5 (previous year: EUR 14.1 Million).

In the fourth quarter 2011 the macroeconomic uncertainties led to a very cautious order behavior of our customers resulting in a low order intake for SUSS MicroTec in the fourth quarter. For the first three quarters 2012, SUSS MicroTec expects orders to return to a higher level and reach EUR 30 to 40 million. All in all, the Management Board expects sales of more than EUR 145 million for the current fiscal year 2012. The Company also expects the EBIT-margin to be between 5 and 10% of sales. As of today the free cash flow is expected to reach a middle single digit million Euro figure.

About SUSS MicroTec
SUSS MicroTec, listed on TecDAX of Deutsche Boerse 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

This press release contains forward-looking statements relating to the business, financial performance and earnings of SUSS MicroTec AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of SUSS MicroTec AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which explicitly or implicitly assumed in the forward-looking statements. SUSS MicroTec AG does not intend or accept any obligation to publish updates of these forward-looking statements

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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163155  30.03.2012