NuWays AG Maintains "Hold" Rating for Singulus Technologies AG

NuWays AG has issued an update on Singulus Technologies AG, maintaining a "Hold" recommendation with a target price of EUR 1.60 over the next 12 months. The company released its final Q3 results, which aligned with preliminary forecasts.

Singulus reported a 44% rise in sales to €20.3 million, driven by gains in the Life Science and Semiconductor segments. However, Solar segment sales declined by 23%, impacted by project delays and competitive pressures from China.

EBIT recovered significantly to €0.6 million, aided by a favorable product mix. Cost-saving measures, including the closure of their Fürstenfeldbruck site, contributed to reduced operational expenses.

Despite positive operational movement, Singulus remains subscale, needing over €95 million in sales to reach sustainable profitability. The company faces an equity deficit and is reliant on CNBM, its major shareholder and customer.