Publication of the Q3 Figures for 2018

Publication of the Q3 Figures for 2018

DGAP-News: SÜSS MicroTec SE / Key word(s): 9-month figures

07.11.2018 / 07:57
The issuer is solely responsible for the content of this announcement.


Publication of the Q3 Figures for 2018

Garching, November 7, 2018 - SUSS MicroTec, leading supplier of equipment and process solutions for the semiconductor industry and related markets, published its third quarter and nine months figures for the 2018 fiscal year today.

The third quarter of 2018 was still characterized by a positive industrial environment and well-filled order books. Between July and September 2018 new orders worth EUR 47.0 million were booked (previous year: EUR 36.9 million). Thus, order entry was within the expected range. SUSS MicroTec still anticipates a strong second half of 2018, which implies a strong order entry in the months of October to December 2018. Sales in the third quarter of 2018 amounted to EUR 47.9 million, compared to EUR 47.1 million in the same quarter of the previous year. EBIT reached a value of EUR -0.7 million, which corresponds to an EBIT margin of -1.7 percent. EBIT of the third quarter 2017 includes a EUR 2.0 million income from a license agreement in the segment Photomask Equipment, which was not booked in 2018. In the third quarter of 2018, the comparatively weak earnings contributions from SUSS MicroOptics as well as the built up of a provision for a severance payment for the former Chief Production Officer a negative impact on earnings. This results in earnings per share for the third quarter of 2018 of EUR 0.24 (previous year: EUR 0.24).

Sales for the first nine months of 2018 were EUR 139.3 million, 22.8 percent above the level of the previous year (9M 2017: EUR 113.4 million). The order backlog as of 30 September 2018 thus amounted to EUR 119.5 million (30 September 2017: EUR 117.7 million). Earnings before interest and taxes (EBIT) amounted to EUR 6.9 million, which was below the previous year's figure of EUR 8.6 million. The reasons for this include weaker gross margins in the third quarter. This results in an EBIT margin of 5.0 percent for the first nine months of 2018 (previous year: 7.6 percent, adjusted for the one-off effect: 5.8 percent). Earnings after taxes (EAT) fell slightly compared to the previous year and amounted to EUR 3.4 million (previous year: EUR 3.8 million). Basic earnings per share (EPS) amounted to EUR 0.18 (previous year: EUR 0.20). Free cash flow, before taking into account securities transactions, amounted to minus EUR 22.7 million at the end of the third quarter of 2018 after EUR 0.7 million EUR in the previous year. Net liquidity at the end of the quarter of 2018 was EUR 10.4 million (previous year: EUR 30.9 million). The main reason for the decline in net liquidity is the further build-up of inventories due to the good order entry situation.

Sales in the 2018 financial year are expected to be within the previously announced range of EUR 195 million to EUR 205 million. The Company forecasts an earnings margin (EBIT margin) on the adjusted level of the previous year of 7.1% (without the special effect). For the following six months (Q4 2018 and Q1 2019), we expect an order entry of more than EUR 90 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.
For more information, please visit http://www.suss.com.




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


07.11.2018 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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