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DGAP-News: SÜSS MicroTec AG / Key word(s): Final Results
Publication of the Final Figures for the Fiscal Year 2015
- 2015 sales with EUR 148.5 million at upper end of guidance
- Full year EBIT better than expected: EUR 5.0 million
- Positive Free Cash Flow at EUR 1.3 million
Garching, March 30, 2016 – SUSS MicroTec AG, a leading supplier of equipment and process solutions for the semiconductor industry and related markets, published its consolidated financial statements for the 2015 fiscal year today.
The Company generated sales of EUR 148.5 million (previous year: EUR 145.3 million) in the last fiscal year and booked an order entry of EUR 188.6 million (previous year: EUR 134.3 million). The order backlog amounted to EUR 117.6 million (12/31/2014: EUR 75.6 million). For the fourth quarter the Company expected an increase of order activity from customers, which materialized and lifted the fourth quarter results well above the Company expectations. This was especially remarkable because of the deteriorated situation in the semiconductor industry in the second half of 2015. Order entry came in at EUR 79.7 million (previous year: EUR 44.0 million). Sales of EUR 55.1 million were above the level of the previous year (EUR 50.3 million).
The gross margin remained almost unchanged at 33.3% after 33.6% in 2014.
In the 2015 fiscal year, the Lithography division generated order entry of EUR 149.6 million and sales of EUR 106.3 million. This corresponds to a 63.5% increase in order entry and a 9.9% increase in sales compared to the previous year. The performance of the Substrate Bonder division was subdued with respect to both order entry of EUR 10.5 million (previous year: EUR 17.2 million) and sales of EUR 11.4 million (previous year: EUR 22.4 million). The main reason was the refocusing of the product line permanent bonders. Whereas order entry for permanent bond clusters still amounted to a double-digit million Euro figure in 2014, order entry was almost zero in 2015. The Photomask Equipment division’s order entry and sales levels were slightly better than a year ago. At the end of December 2015, order entry was EUR 21.5 million (previous year: EUR 20.2 million). Division sales amounted to EUR 23.5 million after EUR 20.8 million in 2014.
Earnings before interest and tax (EBIT) came in at EUR 5.0 million – which is once again better than previously expected (previous year: EUR 8.4 million). EBIT for 2015 does not include any material special effects. EBIT for 2014 includes an unexpected income from written-off receivables of EUR 1.3 million. It also includes a provision for severance payments of EUR 1.0 million. The corresponding expense is disclosed under administrative costs. The EBIT-Margin for 2015 reached 3.4% (previous year: 5.8%).
Earnings after taxes (EAT) amounted to EUR 0.2 million, compared to EUR 4.6 million in the previous year. The basic earnings per share (EPS) totaled EUR 0.01 (previous year: EUR 0.24).
About SUSS MicroTec
SUSS MicroTec AG
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451