Singulus Technologies Aktiengesellschaft
ots Ad hoc-Service: Singulus Technologies AG <DE0007238909> SINGULUS TECHNOLOGIES' 48.8 Million EURO Order Intake Surpasses Fourth Quarter 2000
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Ad hoc-announcement. The sender is solely responsible for the contents of this announcement.
SINGULUS TECHNOLOGIES' 48.8 Million EURO Order Intake Surpasses Fourth Quarter 2000, Revenues Reach 51.4 Million EURO
SINGULUS TECHNOLOGIES was able to increase its order intake to 48.8 million EURO in the first quarter 2001 compared to the fourth quarter 2000 (38.4 million EURO). This coincided with first quarter revenues that were within the range expected.
In Million Euro..............Q1 2001........Q1 2000 Revenues........................51.4...........54.7
EBIT.............................9.2...........14.5
Earnings for Period..............5.9............7.4 DVFA-SG Earnings per Share......0.16...........0.20
In order to obtain a sound assessment of our order backlog, orders valued at 44.2 million EURO were removed from the backlog. Because customers had defaulted on progress payments or issuance of letters of credit, it could no longer be presumed that secured contractual obligations would be fulfilled. The affected orders were predominantly from Hong Kong and Taiwan.
These actions resulted in an adjusted order intake of 111.2 million EURO at the end of March 2001 (previous year 250.2 million EURO).
With net earnings of 5.9 million EURO, the company's profitability remains at a high level. In light of the fact that our business is not distributed evenly over the course of the year and traditionally progresses more slowly in the first quarter than in subsequent periods, order intake and revenues for the new fiscal year fully conformed to our expectations.
For further information, please contact: Bernhard Krause, PR and Communications, Phone: +49-6181-990244, FAX: +49-6181- 990243, e-mail: B.Krause@go-metacom.de
Issuer's information/explanation remarks concerning this ad hoc announcement:
Forecast
Our contention that our CD and DVD systems continue to hold a preeminent market position is corroborated by the observation of markets and competitors. We were particularly pleased that we were able to book orders in April for 26 CD-R replication lines valued at 20 million EURO. We consider this to be a clear indication of a strengthening in our position in the CD-R line market. Furthermore, we anticipate that leading Asian customers will place important major orders for our MODULUS and SUNLINE systems for the new rewritable CD and DVD business sector.
WKN: 723 890; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
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Original-Content von: Singulus Technologies Aktiengesellschaft, übermittelt durch news aktuell