Kahl am Main (pta/24.06.2022/15:55 UTC+2)
Information of the SINGULUS TECHNOLOGIES AG on the further course of the publication of the annual financial report 2020
The SINGULUS TECHNOLOGIES AG informs that it will not be able to provide additional audit documents requested by the auditor elected by the Annual General Meeting in June for the issuance of the unqualified audit opinion for the annual financial statements 2020 within the scheduled timeframe. Therefore, the publication of the annual financial report for the business year 2020 of the SINGULUS TECHNOLOGIES AG will be postponed and is scheduled for July 23, 2022. The report will then be made available for download on the company's website at https://www.singulus.de/de/finanzberichte/, in addition to being available in the company register.
In this context, the Company points out that significant lenders have the option of a special termination if the Company is unable to publish audited financial statements for the 2020 financial year that have been issued with an unqualified audit opinion. The Company is in consultation with the lenders in order to agree on an extension of the submission requirement as well as to avoid a termination of the loans.
The consequences of the pandemic, the accompanying measures and, in particular, the lockdowns in China have had a negative impact on the economic situation of the Company. In addition, there are the current consequences of the Ukraine conflict and the ongoing disrupted supply chains. These factors are adversely affecting the Company's business plan because project milestones, partial payments and sales may be realized later and the award of new contracts may be delayed due to the uncertainty. The Company is evaluating whether this may impact the Company's going concern forecast.
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, Unternehmenssprecher, Tel.: +49 (0) 172 833 2224
Singulus Technologies Aktiengesellschaft
Hanauer Landstraße 103
63796 Kahl am Main
|Contact Person:||Bernhard Krause|
|Phone:||+49 172 833 2224|
|ISIN(s):||DE000A1681X5 (Share) DE000A2AA5H5 (Bond)|
|Stock Exchange(s):||Regulated Market in Berlin, Regulated Market in 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|