Kahl am Main, June 24, 2022 –
The SINGULUS TECHNOLOGIES AG informs that it will not be able to provide additional audit documents requested by the auditor elected by the Annual General Meeting in June for the issuance of the unqualified audit opinion for the annual financial statements 2020 within the scheduled timeframe. Therefore, the publication of the annual financial report for the business year 2020 of the SINGULUS TECHNOLOGIES AG will be postponed and is scheduled for July 23, 2022. The report will then be made available for download on the company’s website at https://www.singulus.com/de/finanzberichte/, in addition to being available in the company register.
In this context, the Company points out that significant lenders have the option of a special termination if the Company is unable to publish audited financial statements for the 2020 financial year that have been issued with an unqualified audit opinion. The Company is in consultation with the lenders in order to agree on an extension of the submission requirement as well as to avoid a termination of the loans.
The consequences of the pandemic, the accompanying measures and, in particular, the lockdowns in China have had a negative impact on the economic situation of the Company. In addition, there are the current consequences of the Ukraine conflict and the ongoing disrupted supply chains. These factors are adversely affecting the Company’s business plan because project milestones, partial payments and sales may be realized later and the award of new contracts may be delayed due to the uncertainty. The Company is evaluating whether this may impact the Company’s going concern forecast.
SINGULUS TECHNOLOGIES currently has an order backlog of more than of more than € 100 million, which is being processed continuously. The financing situation of the company has improved significantly due to the working capital loan in the amount of € 10 million. From today’s perspective, the company has sufficient freely available liquid funds to secure its business activities.
SINGULUS TECHNOLOGIES – Thin-Film Coating and Surface Treatment
SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient thin-film coating and surface treatment processes, which are used worldwide in the Photovoltaics, Semiconductor, Medical Technology, Packaging, Glass & Automotive as well as Battery & Hydrogen markets. The company’s core competencies include various processes of coating technology, surface treatment as well as wet-chemical and thermal production processes.
SINGULUS TECHNOLOGIES sees sustainability as an opportunity to position itself with innovative products. In the focus are:
- Environmental awareness
- Efficient use of resources
- Avoidance of unnecessary CO2 pollution
SINGULUS TECHNOLOGIES attaches great importance to responsible and sustainable corporate governance.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: +49 (0) 172 833 2224