Singulus Technologies AG
SINGULUS TECHNOLOGIES Adjusts Full-Year Forecast for 2014
SINGULUS TECHNOLOGIES AG / Key word(s): Profit Warning 18.09.2014 22:14 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc announcement pursuant to § 15 WpHG SINGULUS TECHNOLOGIES Adjusts Full-Year Forecast for 2014 Kahl am Main, September 182014 - SINGULUS TECHNOLOGIES (SINGULUS) had made its forecast for the business year 2014 based on the respective developments of the key financial figures within the three segments Optical Disc, Semiconductor and Solar. For the Optical Disc segment in its annual budget for 2014 the Executive Board had already projected lower sales and earnings (EBIT) than in the business year 2013. Following talks with key Optical Disc customers SINGULUS now has to concede that the current year will fall short of expectations since no larger investments for Blu-ray Disc production machines are planned for 2014. This has an adverse impact on the course of business for SINGULUS in the 2nd half of 2014. In addition, order intake in the Solar division is delayed. Accordingly, the Executive Board expects the losses incurred in the first half of the business year 2014 to expand further. Due to the business situation a restructuring program will be resolved for the company, which will include significant cost reductions. SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890 Contact: Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279 Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924 E-Mail: bernhard.krause@singulus.de 18.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 Announcement DGAP News-Service ---------------------------------------------------------------------------
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