SiC Processing GmbH

  • WKN: A1H3HQ
  • ISIN: DE000A1H3HQ1
  • Land: Deutschland

Nachricht vom 19.09.2011 | 13:51

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

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- 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

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