Singulus Technologies AG
SINGULUS TECHNOLOGIES publishes financial figures for the first half year of 2017
DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Half Year Results Press Release SINGULUS TECHNOLOGIES publishes financial figures for the first half year of 2017 – Positive trend in sales and EBIT – High order backlog – Additional CIGS production machines sold – prepayments received in July – Positive Outlook for CIGS Solar Segment – More Projects in Discussion Dr.-Ing. Stefan Rinck, CEO of SINGULUS TECHNOLOGIES AG: “During the last weeks, we have received more important orders for different CIGS production systems. These are buffer layer deposition systems of the type TENUIS II as well as vacuum sputtering systems of the type GENERIS.” Dr. Rinck adds: “We further developed a new version of our vacuum sputtering system GENERIS for the specific application in the CIGS thin-film solar technology and could already sell several systems in July 2017.” In the first half of 2017 earnings before interest and taxes (EBIT) were positive at EUR 2.5 million (previous year: EUR -9.3 million). In the 2nd quarter 2017 the EBIT stood at EUR 1.1 million (previous year: EUR -3.5 million). In the first half of 2017 the financial result came to EUR -0.8 million (previous year excluding restructuring gains: EUR -2.6 million). As of June 30, 2017, the available liquid funds amounted to EUR 24.4 million (previous year: EUR 18.5 million). The number of employees in the SINGULUS TECHNOLOGIES Group decreased slightly from 318 employees as of December 31, 2016 to 312 employees as of June 30, 2017. The forecast for the annual targets for 2017 mainly rests on the assumption that the majority of the concluded delivery contracts, which are currently booked as order backlog, can be finished as scheduled within the course of the business year. The prerequisite for this is that the respective, contractually agreed prepayments are received in a timely manner. For the two major orders reported in 2017 with additional customers for CIGS production machines, the prepayments were received in the quarter under review or shortly thereafter and the assembly of the machines has begun. The pending prepayments for the second site in the context of the major order placed by the Chinese customer CNBM have to be made during the third quarter for the order to make sufficient sales and earnings contributions within the course of the year. Furthermore, additional orders in the area of wet-chemical machines are anticipated for 2017. In particular with respect to wet-chemical machines, the company is subject to high competitive pressures. SINGULUS company key figures according to IFRS (unverified)
For all machines, processes and applications SINGULUS TECHNOLOGIES draws upon its know-how in the areas of automation and process technology. Contact:
11.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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 |
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