Publication of the Financial Figures for Q1 2018

Publication of the Financial Figures for Q1 2018

DGAP-News: SÜSS MicroTec SE / Key word(s): Quarterly / Interim Statement

03.05.2018 / 08:11
The issuer is solely responsible for the content of this announcement.


Publication of the Financial Figures for Q1 2018

Garching, May 3, 2018 - SUSS MicroTec, a leading supplier of equipment and process solutions for the semiconductor industry and related markets, published its results for the first quarter of the 2018 fiscal year today.

In the first quarter of 2018, SUSS MicroTec generated sales of EUR 43.1 million (previous year's Q1: EUR 23.0 million) as well as an order entry of EUR 38.6 million (previous year's Q1: EUR 46.0 million). As of March 31, 2018, the order backlog amounted to EUR 128.8 million (previous year's Q1: EUR 124.5 million). In the first quarter of 2018, the Company generated earnings before interest and taxes (EBIT) of EUR 0.8 million (previous year's Q1: EUR -4.8 million). This resulted in an EBIT margin for the first quarter of 2018 of 1.9% (previous year's Q1: -20.9%). The improved EBIT was primarily attributable to the significantly higher sales level in the first quarter of 2018. Earnings after taxes (EAT) improved from the comparable quarter of the previous year accordingly, amounting to EUR 0.0 million (previous year's Q1: EUR -4.6 million). Basic earnings per share (EPS) amounted to EUR 0.00 (previous year's Q1: EUR -0.24).

Free cash flow at the end of the first quarter of 2018 totaled EUR -13.7 million after EUR -3.3 million in the comparable quarter of the previous year. The primary reason for the high cash outflow compared to the previous year's quarter was the buildup of working capital caused by the current business situation. Net liquidity totaled EUR 19.2 million at the end of the first quarter of 2018 (previous year's Q1: EUR 28.0 million).

Based on the order backlog as of the end of 2017 and the expected order entry development for the first half of 2018, the Company continues to forecast sales for the current fiscal year in the range between EUR 195 million and EUR 205 million. Particularly given rising research and development costs related to the medium-term development of the Company, we still expect an earnings margin (EBIT margin) in the range of 8.5 percent to 10.0 percent.

Based on the still active market environment, we expect an order entry for the following six months (Q2 and Q3 2018) above the level of the comparable quarters last year (Q2 and Q3 2017) of approximately EUR 85 million.




Contact:
SUSS MicroTec SE
Franka Schielke
Senior Manager Investor Relations
Schleissheimer Strasse 90
85748 Garching, Deutschland
franka.schielke@suss.com
Tel.: +49 89 32007-161
Fax: +49 (0)89 32007-451
Email: franka.schielke@suss.com


03.05.2018 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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