SINGULUS TECHNOLOGIES reports preliminary, unaudited key financial figures for the business year 2022
- Sales increase of around 30% in 2022
- Positive EBIT in the amount of € 4 to 6 million
- Free available liquidity as of December 31, 2022, increased to € 17.9 million.
- Figures preliminary and unaudited.
- Audits for 2020 and 2021 still outstanding
Kahl am Main, January 30, 2023 – SINGULUS TECHNOLOGIES reports preliminary, unaudited key financial figures for the business year 2022. Revenues are in a range of € 86 to 91 million (previous year: € 64 to 68 million) and are thus expected to increase by around 30% compared with the previous year. Earnings before interest and taxes (EBIT) will be between €4 and €6 million (previous year 2021: minus €12 to minus €16 million). In fiscal 2022, order intake reached €57 million (previous year 2021: €111.5 million). The order backlog as of December 31, 2022, was between €82 million and €87 million (previous year 2021: €119 million and €124 million). The preliminary figures are based on the assumption that the outstanding certificates will be issued in the coming weeks.
The freely available liquidity of SINGULUS TECHNOLOGIES amounted to amounted to € 17.9 million as of December 31, 2022, compared to € 14.9 million as of December 31, 2021. Due to the losses in 2020 and 2021 SINGULUS TECHNOLOGIES aims at long-term financing in order to secure the planned further growth financially. For this purpose the company is in advanced negotiations with long-term partners.
Today SINGULUS TECHNOLOGIES announced the new date for the publication of the annual financial reports 2020 and 2021 as February 28, 2023 via a notice. The prerequisite for the publication of the annual financial reports for the business years 2020 and 2021 continues to be the timely issuance of the audit certificates by the responsible auditor. The reports will then be made available for download on the company’s website at https://www.singulus.com/financial-reports/, in addition to being available in the company register.
Dr.-Ing. Stefan Rinck, CEO: “We were able to achieve success last year, particularly with our vacuum coating systems (sputtering systems). Several coating systems were sold for use in the solar industry. The development of the climate, the CO2 burden as well as the strong increase of energy costs force countries to invest in alternative energy. In the USA, India and also in Europe, there are numerous political initiatives for the establishment of local manufacturing facilities for solar cells and modules. Our Solar segment will therefore develop positively overall.”
Dr. Rinck continues, “The sale of vacuum coating machines for semiconductor technology was important for SINGULUS TECHNOLOGIES. Here, our company is now the market leader of coating machines for magnetic sensors. We also have new projects for the work areas of medical technology and decorative coatings. Overall, we are therefore positive about the future.”
Assuming that SINGULUS TECHNOLOGIES receives the outstanding test certificates as expected, the company plans for the year 2023 further increasing sales and improved earnings ratios compared with the past business year 2022. In addition to incoming orders for the Solar segment, the company expects to conclude contracts in particular in the medical technology area of the Life Science segment as well as production equipment in the Semiconductor segment.
SINGULUS TECHNOLOGIES has already been working intensively on the introduction of its processes and equipment into new market areas for several years. The focus is on the vacuum coating machines for the refinement of surfaces as well as on the various wet-chemical cleaning machines for applications.
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