Q3 Figures for 2013 Published
- Solid Order Intake of EUR 34.3 million
- Q3-Sales reached EUR 38.9 million
- EBIT improved to EUR 1.8 million compared to the previous year
- Net Cash position increased to EUR 21.9 million
- Order Backlog of EUR 97.6 million
Garching, November 7, 2013 - SUSS MicroTec, a global supplier of equipment and process solutions for the semiconductor industry and related markets, published its report for the third quarter of the fiscal year 2013 today. When looking at the third quarter only, order intake decreased from EUR 36.6 million to EUR 34.3 million. Sales decreased by 4.4% to EUR 38.9 million, compared to EUR 40.7 million in the corresponding quarter 2012. The EBIT increased by 12.5% in the third quarter to EUR 1.8 million after EUR 1.6 million in the previous year.
In the first three quarters of 2013 SUSS MicroTec generated sales of EUR 94.0 million, 13% less than the EUR 108.6 million of the prior year. Despite the volatile macroeconomic environment, order entry was robust but decreased year on year to EUR 105.9 million (prior year: EUR 117.0 million). This leads to an order backlog of EUR 97.6 million as of September 30, 2012 (September 30, 2012: EUR 102.4 million).
The group's largest division - Lithography - posted sales of EUR 64.9 million after EUR 81.1 million in the previous year. The Photomask Equipment division achieved sales of EUR 15.7 million (previous year: EUR 8.6 million). The Substrate Bonder division displayed lower sales of EUR 9.8 million after EUR 15.3 million in 2012.
Earnings before interest and tax (EBIT) came in at EUR -13.2 million (previous year: EUR 3.1 million). The EBIT for the first nine month of the year 2013 included a one-time effect of EUR -6.0 million. The one-time effect resulted 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 nine months of the 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 nine months of the year 2013 amounted to EUR -7.2 million (previous year: EUR 3.5 million). The weaker margins in the coater/developer division, especially the unfavorable product mix between 200mm and 300mm coating tools and the negative EBIT impact resulting from SUSS MicroTec Photonic Systems (former Tamarack Scientific) are weighing on the margins in 2013.
Earnings after taxes (EAT) for continued operations amounted to EUR -10.5 million, compared to 0.8 EUR million in the previous year. Earnings after taxes for the continued and discontinued operations amounted to EUR -10.5 million (prior year: 2.3 EUR million). The EAT for 2012 includes 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 -0.55 EUR (previous year: 0.04 EUR).Net liquidity amounted to EUR 21.9 million (September 30, 2012: EUR 30.7 million).
The Free Cash Flow for the first nine months, before security transactions and extraordinary effects as well as M&A transactions, was EUR -9.9 million (previous year: EUR -6.2 million). It includes the EUR 8.9 million purchase price (including ancillary costs) for the real estate in Garching.
Strategic Management Decision
For the fourth quarter 2013, the Company expects a robust order intake in the range of EUR 30 to EUR 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|