DGAP-News: SÜSS MicroTec AG / Key word(s): Preliminary Results
Publication of the Preliminary Figures for the Fiscal Year 2016 - Order Entry in Q4 2016 slightly above Expectations
- Q4 Order entry with EUR 59.5 million above expectations
- Increased sales guidance for 2017 at EUR 160 to 170 million
- EBIT-expectation for FY 2017 again between EUR 9 to 13 million, despite lower sales
Garching, February 10, 2017 - SUSS MicroTec, a leading supplier of equipment and process solutions for the semiconductor and related markets, publishes its preliminary figures for the 2016 fiscal year today. The Company generated sales of EUR 177.6 million (previous year: EUR 148.5 million) in the last fiscal year and booked an order entry of EUR 161.1 million (previous year: EUR 188.6 million). The order backlog amounted to EUR 101.5 million (12/31/2015: EUR 117.6 million). The EBIT came in at EUR 11.1 million (previous year: EUR 5.0 million), which is within the given guidance. This represents an increased EBIT-margin of 6.3 percent after 3.4 percent one year ago. EBIT 2016 contained special items of EUR - 3.1 million, which included provisions for a customer project, for the refocusing of the Japanese sales organization as well as for Management Board remuneration still to be paid to Dr. Per-Ove Hansson, who stepped down as CEO in August 2016. The EBIT for the fiscal year 2015 does not include any material special items.
Order entry in Q4 2016 came in at EUR 59.5 million (previous year: EUR 79.7 million). Sales of EUR 69.5 million were well above the level of the previous year (EUR 55.1 million). The EBIT reached EUR 11.1 million, which represents an EBIT-margin of 16.0 percent, after EUR 6.7 million in the previous year.
The Free Cash Flow for the fiscal year before security transactions was EUR -9.1 million, compared to EUR 1.3 million in the previous year. Net liquidity decreased from EUR 40.0 million to EUR 31.1 million on December 31, 2016.
Taking the order backlog at the yearend 2016 and the expected order entry for the first half of 2017 into account, the Company guides sales for the fiscal year to come in between EUR 160 and 170 million. This represents a slight increase of the previous guidance of sales around EUR 160 million, given in August 2016. Despite the lower sales level, EBIT is expected to be in the bandwidth of EUR 9 to 13 million again in 2017. The main reason for this is the expectation of an improved overall gross margin. For the first quarter 2017 the management board expects an order intake between EUR 25 and 35 million. The final key figures for the 2016 fiscal year - which may deviate from those given above - will be published on March 30, 2017.
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|