DGAP-News: SÜSS MicroTec SE / Key word(s): Quarterly / Interim Statement
SUSS MicroTec SE: Financial Figures for Q1 2020 Published
- Q1 order entry at EUR 69.0 million (previous year: EUR 46.7 million)
- Sales of EUR 41.7 million are 4.2% below previous year (EUR 47.1 million)
- EBIT at EUR minus 5.6 million and EBIT margin at minus 13.4%
Sales reached € 41.7 million in the first quarter, thereby lower than the previous year's amount (€ 47.1 million). The sales decline was primarily noticeable in the bonder, coater/developer and photomask equipment product lines, while sales from mask aligners and microoptics increased slightly. The decline was essentially caused by delivery delays resulting from adjustments in the way work is organized in response to the COVID-19 crisis. After initial ramp-up and transition challenges, production is now running at normal levels again.
The gross profit margin for the SUSS MicroTec Group decreased to 24.5% (previous year: 34.4%) due to lower sales and expenses for the closure of SUSS MicroTec Photonic Systems Inc., USA in the amount of EUR 3.7 million . In the first quarter of 2020, the company generated EBIT of € minus 5.6 million (previous year: € 2.1 million). This corresponds to an EBIT margin of minus 13.4 percent in 2020 (previous year: 4.5 percent). Earnings after tax (EAT) amounted to € minus 5.4 million after € 0.4 million in the previous year. Basic earnings per share (EPS) amounted to € minus 0.28 (previous year: € 0.02). Free cash flow in Q1 2020 amounted to minus € 8.3 million after minus € 16.4 million in the previous year. Net liquidity therefore decreased to minus € 19.6 million as of March 31, 2020 (previous year: € 9.5 million). The main reasons for the reduction in net liquidity were the quarterly loss and the order-driven increase in inventories, as well as the investment for the acquisition of PiXDRO.
With the successful closing of the acquisition of PiXDRO, the inkjet printing business of Meyer Burger, the SUSS MicroTec SE has expanded its portfolio of the coater/developer productline as of March 31, 2020. The business will be managed in a newly founded enterprise, the SUSS MicroTec Netherlands B.V. in Eindhoven, Netherlands.
About SUSS MicroTec
SUSS MicroTec SE
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
|Company:||SÜSS MicroTec SE|
|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|
|EQS News ID:||1039493|
|End of News||DGAP News Service|