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 TECHNOLOGIES reports Financial Figures for First Nine Months 2019
November 14, 2019
  • Sales at € 61.5 million below prior-year level
  • Gross profit margin above prior-year level and positive EBIT in the amount of € 0.3 million
  • Signing Ceremony with CNBM in the course of CIIE fair in Shanghai, China
  • Order intake with a volume of around € 57 million by CNBM still expected for the fourth quarter
  • New projects for semiconductor and life science

Kahl am Main, 14 November 2019 - During the first nine months of the current business year the SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) achieved sales in the amount of € 61.5 million (previous year: € 91.0 million). Sales in the third quarter came to € 17.4 million (previous year: € 44.6 million). The EBIT in the first nine months was positive and stood at € 0.3 million (previous year: € 4.0 million). In the third quarter the EBIT came to € -1.3 million (previous year: € 5.2 million). During the first nine months of the business year 2019 the order intake came to € 33.9 million, below the prior-year level of € 74.6 million achieved in 2018. In the quarter under review the order intake came to € 6.8 million (previous year: € 9.6 million). The order backlog amounted to € 38.5 million as of September 30, 2019 (previous year: € 90.3 million). During the first nine months of the business year 2019 the gross profit margin remained at a high level of 31.4 %.

On November 9, 2019, in the course of the China International Import Expo (CIIE) in Shanghai a signing ceremony took place between the subsidiaries of the Chinese state-owned group CNBM Group, Beijing, and SINGULUS TECHNOLOGIES. The goal was the confirmation of both parties regarding the agreement of the essential parameters for the delivery of nine production machines of the first expansion stage with 150 MW for the next factory for CIGS solar modules in the town of Xuzhou, China. The legally binding contracts are now to be concluded within the coming period between the companies involved in the operation.

The expected project volume currently amounts to approximately € 57 million. After the conclusion of the contracts, the agreed prepayments and the corresponding project start is expected shortly afterwards.

Since a specific point in time was not mentioned and accordingly, the detailed impact on the sales and earnings targets cannot be determined, the company refrains from publishing a new forecast for the business year 2019.

In the field of semiconductors SINGULUS TECHNOLOGIES offers the plant platforms TIMARIS and ROTARIS. A ROTARIS system was successfully sold to a German research institute. The order for another system for semiconductor technology is expected in the next weeks.

The new Life Science segment includes production solutions for medical technology, decorative coatings and optical disc. During the period under review, a DECOLINE and several POLYCOATER and BLULINE machines were sold.

The headcount within the SINGULUS TECHNOLOGIES Group increased slightly to 358 employees as of September 30, 2019 (December 31, 2018:
343 employees).

Consolidated key figures nine months 2017/18

2018 2019
Sales (gross) in million € 91.0 61.5
Order intake in million € 74.6 33.9
Order backlog (Sept. 30) in million € 90.3 38.5
EBIT in million € 4.0 0.3
EBITDA in million € 5.7 3.3
Earnings before taxes in million € 2.4 -1.3
Net profit/loss in million € 2.3 -1.9
Operating cash flow in million € 13.9 -6.3
Shareholders’ equity (Sept. 30) in million € 22.3 18.3
Balance sheet total (Sept. 30) in million € 101.0 93.3
Research & development expenditure in million € 9.0 9.9
Employees (Sept. 30) 343 358
Weighted average shares outstanding, basic 8,896,527 8,896,527
Earnings per share, basic 0.26 -0.21

 
Consolidated key figures 3rd quarter 2018/19

2018 2019
Sales (gross) in million € 44.6 17.4
Order intake in million € 9.6 6.8
EBIT in million € 5.2 -1.3
EBITDA in million € 6.0 -0.3
Earnings before taxes in million € 4.7 -1.8
Net profit/loss in million € 4.7 -1.9
Research & development expenditure in million € 4.2 3.7

SINGULUS TECHNOLOGIES – innovations for new technologies
SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the solar, semiconductor, medical technology, consumer goods and optical disc sectors.

The company’s core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5

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