Kahl am Main (pta011/06.05.2021/08:15) - Press Release
SINGULUS TECHNOLOGIES Reports Preliminary Results for the First Quarter 2021
Kahl am Main, May 06, 2021 - The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) reports overall improved preliminary financial results for the first quarter of 2021. Accordingly, sales generated by SINGULUS TECHNOLOGIES amounted to approx. € 14.6 million in the first quarter 2021, above the prior-year level of € 10.9 million. Compared with the previous year, the earnings before interest and taxes (EBIT) developed slightly positively to around € -3.3 million (previous year: -5.8 million).
Due to a major order in the Solar segment the order intake in the first quarter 2020 had amounted to € 63.6 million. In the first quarter 2021 € 7.9 million were achieved. The order backlog amounted to € 69.8 million (March 31, 2020: € 79.0 million). After the completion of the reporting period, additional orders in the amount of about € 25 million were received in April 2021.
Dr.-Ing. Stefan Rinck, CEO of SINGULUS TECHNOLOGIES AG, comments: "We are experiencing a pick-up in the order intake especially in the segment Life Science for Decorative Coatings and for Medical Technology. The trend is very favorable". Dr. Rinck continues: "In our Solar division we are working on several promising projects and expect positive decisions in the near future. Furthermore, the European Union (EU) foresees a key role on photovoltaics in its energy scenarios in the context of the climate goals for 2050. From our perspective, all of the framework conditions are in favor of long-term growth in the solar sector.
The company has been applying the instrument of short-term labor for the two German sites in Kahl am Main and in Fürstenfeldbruck since April 1, 2020. The short-term labor was partially still extended in individual areas during the first months of 2021.
The publication of the final financial results for the first quarter 2021 is delayed, because the exact date for the adoption of the full-year results for the previous year has not yet been determined. The company will work on the issuance of the audit certificate and subsequent adoption and publication of the 2020 financial statements after a successful conclusion of the 2nd creditors' meeting. The ordinary Annual General Meeting, which was scheduled for June 9, 2021, will be postponed to September 15, 2021.
SINGULUS TECHNOLOGIES – Technologies for a Sustainable World
Responsible and sustainable corporate governance is very important to SINGULUS TECHNOLOGIES. SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the solar/hydrogen, semiconductor, medical technology, consumer goods and data storage sectors. SINGULUS TECHNOLOGIES regards sustainability as an opportunity to position itself with innovative products that follow this spirit.
In the focus are:
• environmental awareness
• efficient use of resources
• avoidance of unnecessary CO2 pollution
The company's core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: +49 (0) 172 833 2224
|emitter:||Singulus Technologies Aktiengesellschaft|
Hanauer Landstraße 103
63796 Kahl am Main
|contact person:||Bernhard Krause|
|phone:||+49 170 9202924|
|stock exchanges:||regulated market in Berlin, Frankfurt; free market in Dusseldorf, free market in Hamburg, free market in Hannover, free market in Munich, free market in Stuttgart; open market in Tradegate|
|ISIN(s):||DE000A1681X5 (share), DE000A2AA5H5 (bond)|