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).
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 AG
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
End of Media Release
Issuer: SÜSS MicroTec AG
Key word(s): Finance
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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|