Press Release

Contact:

Bernhard Krause
Singulus Technologies AG
Hanauer Landstrasse 103, 63796 Kahl am Main, Germany
Tel.:     +49 (0) 1709202924
Fax:     +49 (0) 61 88 - 4 40 - 110
E-mail: Bernhard.Krause@Singulus.de
SINGULUS Reports Preliminary Results For 2015
February 04, 2016

Kahl am Main, February 04, 2016 - The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) reports preliminary unaudited financial results for the business year 2015. Sales amounted to about € 84 million in 2015 and were thus above the prior-year level of € 66.8 million. Compared with 2014, the order intake improved to about € 96 million (2014: € 60 million). The order backlog stood at approx. € 26 million as of December 31, 2015 (2014: € 14.0 million). 

While the order intake, sales and the EBIT in the Solar division increased compared with the previous year, these key financial figures remained weak in the Optical Disc segment.  This is especially the case for sales of the Blu-ray Disc production systems BLULINE II. SINGULUS TECHNOLOGIES has responded to the changed market situation in the optical disc market and has written down replication lines of the BLULINE II type for Blu-ray Discs. The company expects only a few new orders for these production systems in the future. The disc manufacturers are working on the market introduction of the Ultra HD Blu-ray Disc. SINGULUS TECHNOLOGIES expects that mainly investments in production equipment for Ultra HD Blu-ray Discs will be made in the future.

These write-offs and other restructuring charges, which were incurred in the business year 2015 due to the difficult situation of the company, have adversely impacted the earnings before interest and taxes (EBIT) in 2015. The EBIT including impairment and restructuring charges amounted to € - 33 to -35 million in the year under review (previous year: € -49.1 million). Excluding the impairment and restructuring charges an EBIT in the amount of € -17 to -19 million (previous year: € -27.8 million) was realized. The EBITDA amounted to € -26 to -28 million (previous year: € -24.1 million)

As of December 31, 2015, the Group’s liquidity amounted to € 19.0 million (previous year: € 35.8 million). 

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890

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