Singulus Technologies AG
SINGULUS TECHNOLOGIES Reports Preliminary Results For the First Quarter 2020
SINGULUS TECHNOLOGIES AG / Key word(s): Preliminary Results Disclosure of Insider Information Pursuant to Art. 17 MAR SINGULUS TECHNOLOGIES Reports Preliminary Results For the First Quarter 2020 Kahl am Main, April 29, 2020 – The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) reports preliminary financial results for the first quarter of 2020. According to current calculations the sales of SINGULUS TECHNOLOGIES amounted to approx. € 10.9 million in the first quarter 2020, below the prior-year level of € 20.8 million. Consequently, the earnings before interest and taxes (EBIT) were negative at € -5.8 million (previous year: € 1.1 million). The order intake in the first quarter 2020 came to around € 63.5 million, above the previous year’s level of € 11.8 million. The order backlog of approx. € 79.0 million (March 31, 2019: € 57.0 million) was also above the prior-year level. The already existing impacts of the COVID-19 pandemic on all areas of the company are currently still intensifying even though the individual impacts cannot be specified with certainty at the moment. SINGULUS TECHNOLOGIES is currently not able to provide an outlook, which correctly includes the negative impact for the full-year 2020. Accordingly, the Executive Board has decided that the former forecast for the business year 2020 as published in connection with the full-year results for 2019 can no longer be maintained. SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
29-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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 |
EQS News ID: | 1033353 |
End of Announcement | DGAP News Service |