SÜSS MicroTec AG: Half Year Figures for 2012 Published

SÜSS MicroTec AG: Half Year Figures for 2012 Published

(DGAP-Media / 07.08.2012 / 07:54)

Half Year Figures for 2012 Published

- Order intake in Q2 with EUR 41.4 million above guidance

- Sales increased by 16% compared to prior quarter

- Increase of full year sales forecast to EUR 160 - 170 million

- Clarification of EBIT guidance to EUR 5 - 10 million in fiscal year 2012

Garching, August 7, 2012 - SUSS MicroTec published its report for the first half of the fiscal year 2012 today. When looking at the second quarter numbers, sales reached EUR 36.3 million, 31% below the EUR 52.6 million in the corresponding quarter 2011. Order intake on the other hand increased by 29% to EUR 41.4 million compared to the second quarter 2011 with EUR 32.1 million. The EBIT fell to EUR 1.6 million compared to EUR 8.1 million in the previous year.

In the first half year of 2012 SUSS MicroTec generated sales of EUR 67.5 million, a decline of approximately 20% from the previous year's strong level of EUR 84.7 million. With EUR 80.4 million order entry reached the very good level of the prior year. Thus, order backlog amounted to 107.2 EUR million at June 30, 2012 (June 30, 2011: 109.8 EUR million).

The group's largest division - Lithography - posted a 6% decrease in sales to EUR 49.2 million (previous year: EUR 52.5 million) during the year under review. The Photomask Equipment division displayed revenues of EUR 7.4 million (a decline from previous year's EUR 20.7 million of 64%). The Substrate Bonder division contributed higher sales of EUR 8.8 million (previous year: EUR 7.7 million).

Earnings before interest and tax (EBIT) came in at EUR 1.5 million (previous year: EUR 10.6 million). The EBIT for the first half year 2012 included one-time currency effects of EUR -0.4 million. These effects result from the settlement of company-internal foreign currency credits by SÜSS MicroTec AG against SUSS MicroTec Inc. in connection with the acquisition of Tamarack in March 2012.

Earnings after taxes (EAT) for continued operations amounted to EUR 0.4 million, compared to EUR 8.3 million in the previous year. Earnings after taxes for the continued and discontinued operations amounted to EUR 1.9 million (prior year: EUR 8.3 million) and include a tax free gain of EUR 1.5 million resulting from the sale of the Test Business in 2010. The basic earnings per share (EPS) for the continued and discontinued operations totaled EUR 0.10 (previous year: EUR 0.44).

The Operating Cash Flow amounted to EUR -4.5 million after EUR 0.02 million in 2011. The Free Cash Flow for the first half year 2012, before the effects of M&A activities and the purchase or sale of interest bearing securities, amounted to EUR -7.1 (previous year: EUR -2.5 million). Cash and interest bearing securities amounted to EUR 43.9 million at the end of the first half year (June 30, 2011: EUR 50.6 million). Net liquidity amounted to EUR 30.1 million, which is below the EUR 38.5 million at March 31, 2012 (June 30, 2011: EUR 35.5 million).

Due to the strong order intake in the first half of 2012, SUSS MicroTec raises its sales forecast to
EUR 160 - 170 million for the full year. So far the Company expected sales to come in above EUR 155 million and an EBIT-margin at the lower end of a 5 - 10% bandwidth. In this context SUSS MicroTec updates the guidance for the full year and now expects EBIT to be between EUR 5 - 10 million. The current EBIT expectation reflects a EUR 2.5 million burden caused by the acquisition of Tamarack Scientific, of which EUR 0.6 million are attributable to the purchase price allocation. For the fiscal year 2012 the Company has guided for a Free Cash Flow of a mid-single digit million EUR amount. Due to the strategic increase in working capital it now expects the Free Cash Flow to be in the low-single digit million EUR range.

For the third quarter of the fiscal year 2012 the company expects an order intake of EUR 30 to 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

End of Media Release

Issuer: SÜSS MicroTec AG
Key word(s): Finance

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180595  07.08.2012