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SINGULUS TECHNOLOGIES AG (FRA:SNG) SINGULUS TECHNOLOGIES Publishes Positive Full-Year Results for 2018

Directive transparence : information réglementée

28/03/2019 08:15

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Annual Results
SINGULUS TECHNOLOGIES Publishes Positive Full-Year Results for 2018

28.03.2019 / 08:15
The issuer is solely responsible for the content of this announcement.


Press Release

SINGULUS TECHNOLOGIES Publishes Positive
Full-Year Results for 2018

- Sales increased about 40 %

- Positive EBIT in the amount of EUR 6.8 million

- Increase in sales and EBIT for 2019 planned

Kahl am Main, March 28, 2019 - The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) reports sales of 127.5 million for the business year 2018 (previous year: EUR 91.2 million). This corresponds to an increase in sales by 39.8 % compared with the level achieved in 2017. Earnings before interest and taxes (EBIT) improved significantly to EUR 6.8 million in 2018 (previous year: EUR -1.2 million). Due to the positive business performance the profit improved to EUR 0.8 million in fiscal year 2018 (previous year: EUR -3.2 million). The forecast for the business year 2018 was therefore achieved.

Dr. Ing. Stefan Rinck, CEO, SINGULUS TECHNOLOGIES: "Our company was able to develop dynamically in the business year 2018. We met the forecast for the business year 2018 completely. In the Solar segment we were very successful in the business year 2018. We are also very pleased about the positive developments in the work areas Semiconductor, Decorative Coatings as well as Medical Technology."

Total order intake in the amount of EUR 86.8 million in the period under review was on a comparable level to the prior-year (previous year: EUR 88.0 million). The order backlog as of December 31, 2018 stood at EUR 66.0 million (previous year: EUR 106.7 million). The Group generated an operating cash flow of EUR 2.5 million in fiscal year 2018 (previous year: EUR -14.1 million). In the reporting period the gross margin of 28.1% was on par with the previous year (28.1%).

The headcount in the SINGULUS TECHNOLOGIES Group increased to
343 employees as of December 31, 2018 due to recruitment of personnel with key qualifications (December 31, 2017: 315 employees). The number of staff in Germany as of the end of the year amounted to 293 employees (previous year: 279 employees).

Outlook

SINGULUS TECHNOLOGIES expects sales and key earnings pursuant to IFRS to rise in the current fiscal year compared to the fiscal year 2018. Sales are forecast to amount to between EUR 135.0 million and EUR 155.0 million for the 2019 fiscal year. Operating earnings before interest and taxes (EBIT) is also overwhelmingly likely to grow and amount to between EUR 6.0 million and
EUR 11.0 million.

The key sales and earnings momentum are expected from the Solar segment and, within this segment, from the major project orders for investments in production lines for CIGS solar modules. On the basis of the current project plans, the forecast growth in the Group rests on the realization of the ongoing projects as well as the start of expected new projects for CNBM's new and expanded CIGS sites. In its budget for the fiscal year 2019, the Executive Board considers it highly probable that the delivery agreements will be signed and the corresponding prepayments received in the coming months.

Measured against the mean value in the ranges described above, the company forecasts further growth in sales for 2020. The operating result (EBIT) should increase accordingly.

At a Glance - Key financial figures 2018 - 2017

    2018 2017
Gross Revenue in million EUR 127.5 91.2
Order Intake in million EUR 86.8 88.0
Order Backlog (31.12.) in million EUR 66.0 106.7
EBIT in million EUR 6.8 -1.2
Profit Before Tax in million EUR 4.8 -2.8
Net Result in million EUR 0.8 -3.2
Operating Cash Flow in million EUR 2.5 -14.1
Shareholders' Equity in million EUR 19.7 20.2
Total Assets in million EUR 104.1 87.9
Expenses Research & Development in million EUR 13.4 8.6
 

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
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924



28.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Germany
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@singulus.de
Internet: www.singulus.de
ISIN: DE000A1681X5, DE000A2AA5H5
WKN: A1681X, A2AA5H
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 792761

 
End of News DGAP News Service

792761  28.03.2019 

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