Publication of the Half Year Figures for 2017

Publication of the Half Year Figures for 2017

DGAP-News: SÜSS MicroTec AG / Key word(s): Half Year Results

10.08.2017 / 08:05
The issuer is solely responsible for the content of this announcement.

Publication of the Half Year Figures for 2017

- Order entry at EUR 94.4 million, up 36.2% year-over-year

- Sales in the first six months 2017 are at EUR 66.3 million

- Book-to-bill ratio at 1.4

Garching, August 10, 2017 - SUSS MicroTec, leading supplier of equipment and process solutions for the semiconductor industry and related markets, published its quarterly figures as well as the half year report for the 2017 fiscal year today.

The second quarter of 2017 was once again characterized by a positive industrial environment and well-filled order books. On July 3, 2017, shortly after the end of the quarter, SUSS MicroTec was able to report that order entry in the second quarter exceeded expectations. Between April and June 2017 new orders worth EUR 48.4 million were booked. Sales in the second quarter of 2017 amounted to EUR 43.3 million, compared to EUR 41.4 million in the same quarter of the previous year. EBIT reached a value of EUR 6.4 million, which corresponds to an EBIT margin of 14.8 percent. All segments of the company contributed to this good result. We would particularly like to take this opportunity to highlight the Bonder segment, which for the first time generated a very good overall contribution with sales of EUR 4.7 million and an EBIT of EUR 1.2 million. The EBIT of the previous year included high losses from one order in the area of UV-projection scanners. This results in earnings per share for the second quarter of 2017 of EUR 0.20 (previous year: EUR -0.03).

With EUR 66.3 million, revenue for the first half-year of 2017 was 3.9% below the previous year's level of EUR 69.0 million due to the weak first quarter 2017. As a result, the order backlog amounted to EUR 128.8 million as of June 30, 2017 (June 30, 2016: EUR 117.7 million). Earnings before interest and taxes (EBIT) amounted to EUR 1.6 million, which is well above the prior-year figure of EUR - 0.1 million. The EBIT margin for the first half of 2017 is 2.4% (previous year -1.4%). Despite the good second quarter, the EBIT of the first half-year 2017 still suffers from the weak result of the first quarter, but shows a clearly positive trend. Earnings after taxes (EAT) rose year-on-year to EUR -0.7 million (previous year: EUR -3.1 million). Basic earnings per share (EPS) are still slightly negative at half-year and amount to minus EUR 0.04 (previous year: EUR -0.16).

The Free Cash Flow before any security transactions for the first half of 2017 was EUR -5.6 million, compared to EUR -12.0 million in the previous year. Net liquidity decreased year-on-year from EUR 28.1 million in June 2016 to EUR 25.0 million in June 2017.

The high demand for SUSS MicroTec products is owed on the one hand to the general good market situation in the semiconductor industry. On the other hand, the company was able to score points with its innovative solutions, particularly with temporary bond systems and with UV projection scanners. The core area of lithography with its mask aligners and coaters / developers also recorded full order books in the first half of the year. Demand comes from the end markets of consumer electronics and communications.


Given the order backlog and the sales generated in the first half of 2017, the required production times for individual tools and the existing production capacities of the Company, we continue to expect sales for the 2017 fiscal year in the range from EUR 170 million to EUR 180 million. Accordingly, earnings before interest and taxes (EBIT) continue to be projected in the range from EUR 13 million to EUR 17 million.

For the third quarter of 2017, we again expect good order entry in the range from EUR 35 million to EUR 45 million.

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.
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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
Senior Manager Investor Relations
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 89 32007-161
Fax: +49 (0)89 32007-451

10.08.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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