DGAP-News: SÜSS MicroTec AG / Key word(s): 9-month figures
Publication of the Nine Month Figures 2016
- Q3 Order intake with EUR 32.2 million within guidance
- EBIT at EUR 1.0 million in the third quarter 2016
Garching, November 9, 2016 - SUSS MicroTec, a leading supplier of equipment and process solutions for the semiconductor and related markets, published its report for the first nine months of the fiscal year 2016 today. Order intake in the third quarter was within the Company guidance. All in all orders of EUR 32.2 million were recognized in Q3 2016. This is a decrease of approximately 18% compared to the previous year (Q3 2015: EUR 39.2 million). Sales increased slightly compared to Q3 2015 and came in at EUR 39.1 million (Q3 2015: EUR 38.3 million).
Looking at the first nine months of 2016, SUSS MicroTec achieved an order intake of EUR 101.5 million after EUR 108.9 million in the previous year. Total sales came in at EUR 108.1 million, which is well above the EUR 93.4 million of the previous year. Thus, order backlog amounted to
Earnings before interest and taxes (EBIT) in the third quarter contained special items of EUR - 1.8 million, which included provisions for customer projects as well as Management Board remuneration still to be paid to Dr. Per-Ove Hansson, who stepped down as Chief Executive Officer (CEO) on August 16, 2016. The nine months EBIT amounted to EUR 0.0 million after EUR -1.7 million in the previous year. Earnings after taxes (EAT) amounted to minus EUR 3.3 million, compared to minus EUR 3.4 million in the previous year. Basic earnings per share (EPS) amount to EUR -0.17 (previous year: EUR -0.18). Net liquidity amounted to EUR 26.4 million at the end of the first nine months (September 30, 2015: EUR 25.5 million). The Free Cash Flow amounted to EUR -13.7 million (previous year: EUR -13.1 million).
After a modest start of the current fiscal year, the Management Board initially expected at the beginning of the fiscal year a significant revival in the order entry situation in the second half of 2016. In August 2016, this forecast was adjusted to reflect the current performance since the expected increase in order entry was presumed to fall short of what had been expected as of the first half of 2016. The reasons for this were the generally challenging market situation as well as the lack of new orders for UV projection scanners from the Photonic Systems area. It was also not possible to record any significant increase in business activity by customers over the course of the third quarter of 2016. In particular, no improvement in order entry has been detected so far.
Nevertheless, as of now the Management Board continues to expect order entry in the range of EUR 80 million to EUR 90 million in the second half of 2016. Accordingly, we expect order entry in the fourth quarter of at least EUR 50 million.
Given the expected order entry situation in the second half of 2016 and the related anticipated order backlog as of the end of 2016, we currently continue to expect that sales in the 2017 fiscal year will be in the range of approximately EUR 160 million.
For the current 2016 fiscal year, the Company continues to anticipate Group sales in the range of EUR 170 - 180 million (previous year: EUR 148.5 million) and EBIT of EUR 9 - 13 million (previous year: EUR 5.0 million).
About SUSS MicroTec
SUSS MicroTec AG
Senior Manager Investor Relations
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
|Company:||SÜSS MicroTec AG|
|Schleissheimer Strasse 90|
|Phone:||+49 (0)89 32007-161|
|Fax:||+49 (0)89 32007-451|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|