SINGULUS TECHNOLOGIES Foresees Revenue and EBIT Growth in 2024

On April 8, 2024, SINGULUS TECHNOLOGIES AG reported its annual financial results for 2023, with a focus on anticipated growth for the fiscal year 2024. The company, a key player in semiconductor and solar sectors, is optimistic about increasing its income and Earnings Before Interest and Taxes (EBIT).

Recent achievements include a series of orders for its innovative TIMARIS vacuum coating systems, marking a significant presence in the semiconductor industry. These systems, vital for high-quality semiconductor manufacturing, highlight SINGULUS TECHNOLOGIES' role as a pivotal provider. CEO Dr. Stefan Rinck expressed confidence in the company's direction and the trust customers place in their technological solutions.

Looking ahead, the company forecasts an upswing in sales, expecting revenues between €120.0 million to €130.0 million for 2024. The prediction relies on the timely completion of current projects and securing further orders, especially from the growing solar market and other sectors. However, this optimistic outlook is contingent on consistent operational performance and manageable financial risks, as outlined in the company's 2023 Annual Report.

SINGULUS TECHNOLOGIES continues to invest in research and development to maintain its edge, with applications in photovoltaics, semiconductors, medical technology, and future expansions into batteries and hydrogen technologies.