DGAP-News: SINGULUS TECHNOLOGIES Reports Positive Results as of September 30, 2013

DGAP-News: SINGULUS TECHNOLOGIES Reports Positive Results as of September 30, 
2013

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Quarter Results
SINGULUS TECHNOLOGIES Reports Positive Results as of September 30,
2013

12.11.2013 / 07:30

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SINGULUS TECHNOLOGIES Reports Positive Results as of September 30, 2013  
  
  - EBIT positive after nine months

  - Positive EBIT for full-year 2013 forecast

  - Gross profit margin improved

  - Demand for Blu-ray significantly above plans 

  - Production line for solar cells launched


Kahl am Main, November 12, 2013 - The financial key figures of the SINGULUS
TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) for the first nine months of 2013
improved significantly compared with the prior-year period. SINGULUS
TECHNOLOGIES achieved sales in the amount of EUR 93.1 million in the first
nine months of the current business year and was thus able to exceed the
sales in the amount of EUR 83.5 million recorded during the same period one
year ago. In the 3rd quarter sales were also improved from EUR 39.9 million
in the previous year to EUR 43.9 million in 2013.

The operating result (EBIT) increased considerably and amounted to EUR 1.4
million in the first nine months 2013 compared with EUR -10.9 million
(before extraordinary charges) in the first nine months of 2012. Including
extraordinary charges the EBIT stood at EUR -54.2 million in the comparable
period in 2012. The EBITDA rose from EUR -29.9 million in the prior-year to
EUR 5.8 million currently. The order intake in the first nine months of the
business year 2013 amounted to EUR 82.6 million (previous year: EUR 110.6
million). The order backlog amounted to EUR 29.6 million as of September
30, 2013 (previous year: EUR 53.9 million).

The cost reductions implemented in the past months have resulted in a
marked improvement of opex in the last three quarters. Due to this and the
very good Blu-ray sales in the 3rd quarter a gross profit margin of 32.4 %
was achieved. Amongst others, the cost reduction measures included the
implemented streamlining of the international operations as well as
personnel adjustments at our site in Fürstenfeldbruck. Accordingly, the
number of employees in the SINGULUS TECHNOLOGIES Group declined from 420
employees as of September 30, 2012 to 356 staff as of September 30, 2013.

Business activities and market trends in the segments
For SINGULUS TECHNOLOGIES, in the Optical Disc segment the year 2013 has
been very positive. For the current business year the volume sales of
BLULINE II machines for the production of Blu-ray Discs were thus slightly
above our own forecasts.

In the Solar division SINGULUS TECHNOLOGIES is a recognized supplier for
new machine concepts and production processes for crystalline and thin-film
solar cells, which increase the efficiency of solar cells and reduce their
production costs. On September 12, 2013 SINGULUS TECHNOLOGIES signed a
framework agreement with M*Cells, a renowned solar cell producer, for the
delivery of up to 16 vacuum coating machines. The delivery of the first
machine to China is already scheduled for the beginning of 2014.

In the Semiconductor segment SINGULUS TECHNOLOGIES delivered the ordered
TIMARIS and ROTARIS lines in the past months and is currently working on
the final acceptance tests of the systems. The new platform under the brand
name TIMARIS III provides the semiconductor market with machines with high
production capacity for the manufacturing of wafers. With the new platform
SINGULUS TECHNOLOGIES targets the expected increased demand for MRAM
wafers.

Outlook for the business year 2013
The results of the first nine months of the business year 2013 are
characterized by the very favorable development in the Optical Disc
segment, in particular the delivery of Blu-ray production lines. The
development in this segment exceeded our expectations. At present we thus
still expect the business year 2013 to finish with an overall positive
operating result (EBIT) in the Group. However, adjusting for financing
expenses a slightly negative net result for the Group pursuant to IFRS
would result.

SINGULUS TECHNOLOGIES has continuously progressed in the past years through
the technologic know-how and is thus excellently positioned in its existing
three segments. The goal is to develop innovative products in the future as
well on the basis of the core competencies nano- and vacuum coating as well
as thermal and wet-chemical process technology in order to open new
markets. The extensive advancements of the existing product portfolio
through internal measures are the focus of the corporate strategy. However,
at the same time we are continuing to review reasonable acquisition
opportunities to strengthen the sustainable development at SINGULUS
TECHNOLOGIES.

The successful implementation lays the foundation for the return to a
long-term growth path.

Profile SINGULUS TECHNOLOGIES:
SINGULUS TECHNOLOGIES develops innovative technologies for efficient
production processes, which only make use of resources conservatively. New
production technology combined with sustainable processes and the use of
novel materials can decouple the use of resources from economic growth in
the long-term. SINGULUS TECHNOLOGIES' innovative power and competitiveness
are strengthened by these new technologic developments.

With its Optical Disc segment SINGULUS TECHNOLOGIES is the market leader
for CD, DVD and Blu-ray Disc production equipment. As the only engineering
company worldwide SINGULUS TECHNOLOGIES today already provides the machine
technology for three-layer Blu-ray Discs with a storage volume of about 100
GB.

In the Solar division SINGULUS TECHNOLOGIES is a recognized supplier for
new machines concepts and production processes for crystalline and
thin-film solar cells, which increase the efficiency of solar cells and
reduce their production costs. SINGULUS TECHNOLOGIES establishes itself as
a development partner and machine supplier for technologies enabling a
sustainable energy provision on the basis of renewable energies.

In the Semiconductor segment SINGULUS TECHNOLOGIES focuses its activities
on the vacuum coating of wafers with ultra thin layers for the production
of MRAM memory, thin-film write/read heads and other semiconductor
applications.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
For further information please contact: 
Bernhard Krause, Corporate Communications, 
Tel.: + 49 (0) 6181 - 982 80 20, or
Maren Schuster, Head of Investor Relations,
Tel.: + 49 (0) 6188 - 440 612


End of Corporate News

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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:        DE0007238909, DE000A1MASJ4                            
WKN:         723890, A1MASJ                                        
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
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239214 12.11.2013                                                      
 
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