Q3 Figures for 2014 Published

Q3 Figures for 2014 Published

SÜSS MicroTec AG / Key word(s): 9-month figures

06.11.2014 / 07:43

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).

The management board of SUSS MicroTec reiterates the guidance for the fiscal year 2014 and expects sales to be in the bandwidth of 135 - 145 EUR million. The EBIT expectation for the full year has improved slightly and the management board now expects an EBIT in the range of 2 to 4 EUR million. For the fourth quarter 2014, the Company expects a robust order intake in the range of EUR 30 to EUR 40 million.

The Supervisory Board of SÜSS MicroTec AG has extended the existing management contract with Mr. Michael Knopp, which was set to expire at the end of July 2015, ahead of schedule by an additional five years until July 2020. In doing so, it has expressed its confidence in the work performed by Mr. Knopp (47).

About SUSS MicroTec
SUSS MicroTec 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.

Legal Disclaimer
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

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