SiC Processing GmbH
SiC Processing GmbH: SiC Processing releases Financial Results as of 30 June 2011
SiC Processing GmbH / Key word(s): Finance/ 19.09.2011 / 13:51 --------------------------------------------------------------------- - Half-Year Report - SiC Processing Group as of 30 June 2011 - Half-Year Report - SiC Processing GmbH as of 30 June 2011 - Rating Summary 2011 Creditreform Rating Agency Hirschau, 19 September 2011 - SiC Processing GmbH, the leading provider for the recycling of used slurry from the photovoltaic and semiconductor industry, releases financial results as of 30 June 2011 and updated, confirmed BBB+ rating certificate 2011 by Creditreform Rating Agency. Group sales increased in the first half of 2011 by 19.4% to EUR 90.9 million, compared to the first half of 2010. Group net income decreased by EUR 2.0 million to EUR 9.5 million, compared to EUR 11.5 million in the first half of 2010, mainly due to currency exchange effects and increased interest expenses in the first half of 2011. The average headcount in the first half of 2011 increased from 549 employees in 2010 to 827 employees worldwide. Group sales for the fiscal year 2011 are forecasted between 180 and 190 million EUR, compared to EUR 160 million in 2010. Until the end of 2011 SiC Processing will be located in five countries with production sites in Germany, China, Norway, Italy and USA and a total production capacity of 407,000 tons per year (production sites under construction are included); this converts into c. 10 GW installed capacity. Thus SiC Processing is able to further enhance its global market share of 40% for the recovery and recycling of used sawing suspension in 2011. For the half-year results as of 30 June 2011, please access the website of SiC Processing: http://www.sic-processing.com/index.php/unterlagen.html Pressekontakt / Press Contact: Markus Kreuzer Marketing and Communications Manager Telefon/Phone: 0049 (0) 9622 - 70 39 273 E-Mail: markus.kreuzer@sic-processing.de End of Media Release --------------------------------------------------------------------- 19.09.2011 Dissemination of a Press Release, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 139692 19.09.2011
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