SÜSS MicroTec AG / Key word(s): Enterprise/
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).
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-Media|