Half Year Figures for 2013 Published
- Q2 Order intake reached EUR 36,7 million
- Order entry for Substrate Bonder Division increased considerably
- Net cash at EUR 19,5 million
Garching, August 8, 2013 - SUSS MicroTec published its report for the first half of the fiscal year 2013 today. When looking at the second quarter only, order intake reached EUR 36.7 million, which is 5% higher than in the December quarter but 11% below the EUR 41.4 million in the corresponding quarter 2012. Sales in the second quarter reached EUR 24.9 million after EUR 36.3 million a year ago.
Looking at the first half year of 2013, SUSS MicroTec achieved an order intake of EUR 71.6 million after EUR 80.4 million in the previous year. Especially the Bonder Division with an order intake of EUR 17.2 million contributed a much higher order entry than one year ago (H1 2012: EUR 7.2 million). Sales came in at EUR 55.0 million, which is 18.5% below the EUR 67.5 million of the previous year. Thus, order backlog amounted to 102.5 EUR million at June 30, 2013 (June 30, 2012: 107.2 EUR million).
The group's largest division - Lithography - posted a 25% decrease in sales to EUR 37.1 million (previous year: EUR 49.2 million) during the period under review. The Photomask Equipment division displayed revenues of EUR 9.2 million, an increase of 24% from the previous year's EUR 7.4 million. The Substrate Bonder division contributed sales of EUR 6.6 million (previous year: EUR 8.8 million).
The gross margin declined during the first half of 2013 and reached 12.4% after 36.9% in 2012. The main reasons are the negative gross margin of the Substrate Bonder segment and the low gross margin of the Lithography Division.
Earnings before interest and tax (EBIT) came in at EUR -15.0 million (previous year: EUR 1.5 million). The EBIT for the first half year 2013 included a one-time effect of EUR -6.0 million. This adjustment was EUR 0.8 million lower than originally expected. The one-time effect results from the refocusing of the product line permanent bonding. The write-offs are mainly on capitalized development costs, which originate from the years prior to 2008, as well as on no longer needed demonstration tools and inventories. 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. Adjusted EBIT for the first six months of the year 2013 amounted to minus EUR 9.0 million (previous year: EUR 1.9 million).
Earnings after taxes (EAT) for continued operations amounted to EUR -11.6 million, compared to EUR 0.4 million in the previous year. Earnings after taxes for the continued and discontinued operations amounted to EUR -11.6 million (prior year: EUR 1.9 million). The 2012 numbers 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 -0.61 (previous year: EUR 0.10).
The Operating Cash Flow amounted to EUR -10.6 million after EUR -4.5 million in 2012. The Free Cash Flow for the first half year 2013, before the effects of M&A activities and the purchase or sale of interest bearing securities, amounted to EUR -12.4 (previous year: EUR -7.1 million). Cash and interest bearing securities amounted to EUR 23.5 million at the end of the first half year (June 30, 2012: EUR 43.9 million). Net liquidity amounted to EUR 19.5 million, which is below the EUR 32.3 million at December 31, 2012 (June 30, 2012: EUR 30.1 million).
For the third quarter of the fiscal year 2013 the company expects an order intake of EUR 30 - 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): Enterprise
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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|