SÜSS MicroTec AG / Key word(s): 9-month figures
Q3 Figures for 2014 Published
- Q3 Order Intake with EUR 29.1 million within guidance
- Sales in the third quarter reached EUR 25.6 million
- EBIT in Q3 within expectations
- Sales guidance for 2014 reiterated
- Slightly improved full year EBIT expectation
Garching, November 6, 2014 - 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 2014 today. When looking at the third quarter only, order intake decreased from EUR 34.3 million to EUR 29.1 million. Sales decreased by 34.2% to EUR 25.6 million, compared to EUR 38.9 million in the corresponding quarter 2013. The EBIT in the third quarter decreased to minus EUR 3.3 million after EUR 1.8 million in the previous year. Earnings in the third quarter of 2014 included a provision for severance payments of EUR 1.0 million. The corresponding expense is disclosed under administrative costs.
In the first three quarters of 2014 SUSS MicroTec generated sales of EUR 95.0 million, 1.1% more than the EUR 94.0 million of the prior year. Order entry decreased year on year to EUR 90.3 million (prior year: EUR 105.9 million). This leads to an order backlog of EUR 82.2 million as of September 30, 2014 (September 30, 2013: EUR 97.6 million).
The group's largest division - Lithography - posted sales of EUR 60.0 million after EUR 64.9 million in the previous year. The Photomask Equipment division achieved sales of EUR 14.6 million (previous year: EUR 15.7 million). The Substrate Bonder division displayed sales of EUR 16.4 million after EUR 9.8 million in 2013.
Earnings before interest and tax (EBIT) came in at EUR 0.1 million (previous year: EUR -13.2 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. Earnings in the third quarter of 2014 included a provision for severance payments of EUR 1.0 million. The corresponding expense is disclosed under administrative costs.
Earnings after taxes (EAT) amounted to EUR 0.9 million, compared to -10.5 EUR million in the previous year. The basic earnings per share (EPS) totaled -0.05 EUR (previous year:-0.55 EUR).
Net liquidity amounted to EUR 31.8 million (September 30, 2013: EUR 21.9 million). The Free Cash Flow for the first nine months, before security transactions, was EUR -4.1 million (previous year: EUR -9.9 million; it includes the EUR 8.9 million purchase price including ancillary costs for the real estate in Garching).
About SUSS MicroTec
SUSS MicroTec AG
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
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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 News-Service|