SINGULUS TECHNOLOGIES publishes Interim Report as of September 30, 2023 (unaudited)
Kahl am Main, 14. November 2023 – SINGULUS TECHNOLOGIES today announced its financial results for the first nine months of fiscal year 2023. Sales for this period amounted to € 55.8 million, compared with € 67.5 million in the previous year. The third quarter recorded sales of € 14.1 million compared to € 23.3 million in the previous year. Earnings before interest and taxes (EBIT) for the first nine months amounted to € -5.6 million compared to € 9.5 million in the previous year. EBIT of € -4.9 million was achieved in the third quarter, compared to € 8.0 million in the previous year. The figures for 2022 include one-off income of € 9.7 million from the sale of the property at the Fürstenfeldbruck site.
Incoming orders for the first nine months of the 2023 financial year amounted to € 32.3 million and were therefore down on the previous year’s figure of € 46.2 million. The order backlog as of September 30, 2023, amounted to € 61.3 million (previous year: € 93.4 million). SINGULUS TECHNOLOGIES’ freely available liquidity amounted to EUR 12.5 million as of September 30, 2023, compared to EUR 18.7 million as of December 31, 2022.
The number of employees in the SINGULUS TECHNOLOGIES Group as of October 31, 2023, decreased slightly to 296 due to the closure of production in Fürstenfeldbruck at the end of fiscal year 2022 (December 31, 2022: 321 employees).
At its meeting on October 30, 2023, the Supervisory Board of SINGULUS TECHNOLOGIES AG extended the appointment of Dr. Stefan Rinck until December 31, 2024, and the appointment of Mr. Markus Ehret until December 31, 2028.
Certificate with unqualified audit opinion issued for the annual financial statements for fiscal year 2022
Baker Tilly GmbH & Co. KG, Wirtschaftsprüfungsgesellschaft, which was appointed by the court as the company’s new auditor in May 2023, issued an unqualified audit opinion on the annual financial statements (HGB) and the consolidated financial statements (IFRS) for the 2022 financial year on October 29, 2023. The Annual General Meeting (AGM) for the 2022 financial year will take place on December 14, 2023 as virtual meeting. Participation in the Annual General Meeting is possible after proper registration under the link https://www.singulus.com/de/hauptversammlung/ in the AGM portal.
Due to the global increase in investment activity for the further expansion of production capacities in photovoltaics, SINGULUS TECHNOLOGIES expects to receive extensive new orders in the Solar segment in the coming months. These orders should relate to production machines for crystalline solar cells as well as thin-film solar modules. In addition, the Life Science segment is expected to conclude contracts for the sale of systems in the field of medical technology and for decorative coatings. The Semiconductor segment is benefiting from the expansion of production capacities for magnetic, semiconductor-based sensors, which is why successful contracts are expected to be concluded in this segment by the end of the year.
SINGULUS TECHNOLOGIES – Thin-Film Technology and Surface Treatment
SINGULUS TECHNOLOGIES develops and builds innovative machines and equipment for efficient production processes in thin-film technology and surface treatment, which are utilized world-wide in the markets of photovoltaics, semiconductors, medical technology, packaging, glass & automotive as well as batteries & hydrogen. The company’s core competencies include processes of coating technology, surface treatment as well as wet-chemical and thermal production processes. SINGULUS TECHNOLOGIES views 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.
Responsible and sustainable corporate governance is very important to SINGULUS TECHNOLOGIES.
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, Unternehmenssprecher, Tel.: +49 (0) 172 833 2224