DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Annual Results
SINGULUS TECHNOLOGIES Publishes Positive
- 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
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
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
SINGULUS TECHNOLOGIES - Innovations for New Technologies
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,
28.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||SINGULUS TECHNOLOGIES AG|
|Hanauer Landstrasse 103|
|63796 Kahl am Main|
|Fax:||+49 (0)6188 440-110|
|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|