DGAP-News: SÜSS MicroTec AG / Key word(s): Final Results
Publication of the Final Figures for the Fiscal Year 2016
Garching, March 30, 2017 – 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 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). In the once again strong fourth quarter, order entry came in at EUR 59.5 million (previous year: EUR 79.7 million) and sales amounted to EUR 69.5 million after EUR 55.1 million in the fiscal year 2015. In the fourth quarter 2016 alone, EBIT amounted to EUR 11.1 million, which equals the EBIT for the full year 2016.
The gross margin declined slightly to 33.0% after 33.3% in 2015.
In the 2016 fiscal year, the Lithography division generated order entry of EUR 105.0 million and sales of EUR 133.8 million. This corresponds to a 29.8% decline in order entry and a 25.9% increase in sales compared to the previous year. The performance of the Bonder division was good with respect to both order entry of EUR 18.6 million (previous year: EUR 10.5 million) and sales of EUR 14.0 million (previous year: EUR 11.4 million). The main reason is the successful refocusing of the product line permanent bonders. The business of the Photomask Equipment division remained stable in 2016. At the end of December 2016, order entry was EUR 26.3 million (previous year: EUR 21.5 million). Division sales amounted to EUR 19.7 million after EUR 23.5 million in 2015.
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 (at that time) 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. Earnings after taxes (EAT) amounted to EUR 5.0 million, compared to EUR 0.2 million in the previous year. The basic earnings per share (EPS) totaled EUR 0.26 (previous year: EUR 0.01).
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.
Order entry in the first quarter of 2017 is expected to exceed the previous guidance of € 25 million to € 35 million, given on February 10, 2017. At this point of time, the Company expects that order entry in the first quarter of 2017 will range between € 35 million and € 45 million. The reason for the increased expectations is a generally more lively order behavior of the customers than originally expected for the first quarter of 2017.
After a fourth quarter 2016 with a record sales level of € 69.5 million, the Company expects a noticeable decline in sales in the first quarter 2017. Sales in the first quarter 2017 with most likely be around € 20 million (previous year: € 27.6 million). The lower sales level in the first quarter 2017 will have a negative impact on EBIT (earnings before interest and tax) in the first quarter 2017. At this point of time, the Company expects an EBIT below the previous year’s level.
For the current fiscal year, the Company so far guided sales to be in the range of € 160 million to € 170 million and an EBIT to be in the range of € 9 million to € 13 million. At this point of time, the Company expects the increased order entry in the first quarter 2017 to have a positive impact on sales and EBIT for the full fiscal year 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|