Kahl am Main, April 29, 2020 – The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) reports preliminary financial results for the first quarter of 2020. According to current calculations the sales of SINGULUS TECHNOLOGIES amounted to approx. € 10.9 million in the first quarter 2020, below the prior-year level of € 20.8 million. Consequently, the earnings before interest and taxes (EBIT) were negative at € -5.8 million (previous year: € 1.1 million). The order intake in the first quarter 2020 came to around € 63.5 million, above the previous year’s level of € 11.8 million. The order backlog of approx. € 79.0 million (March 31, 2019: € 57.0 million) was also above the prior-year level.
The already existing impacts of the COVID-19 pandemic on all areas of the company are currently still intensifying even though the individual impacts cannot be specified with certainty at the moment. SINGULUS TECHNOLOGIES is currently not able to provide an outlook, which correctly includes the negative impact for the full-year 2020. Accordingly, the Executive Board has decided that the former forecast for the business year 2020 as published in connection with the full-year results for 2019 can no longer be maintained.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890