SÜSS MicroTec AG: Half Year Figures for 2013 Published

SÜSS MicroTec AG: Half Year Figures for 2013 Published

(DGAP-Media / 08.08.2013 / 07:05)

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).

Due to the moderate macroeconomic outlook and the current order backlog, the company reiterates its sales guidance for the fiscal year 2013 and expects sales of approximately EUR 150 million, with a negative EBIT in the range of minus 10 to minus 15 million EUR.

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 (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): Enterprise

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