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PRESS RELEASE: SINGULUS TECHNOLOGIES reports Financial Figures for First Nine Months 2019

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DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): 9 Month figures
SINGULUS TECHNOLOGIES reports Financial Figures for First Nine Months 2019
2019-11-14 / 08:00
The issuer is solely responsible for the content of this announcement.

*Press Release*

*SINGULUS TECHNOLOGIES reports Financial Figures for First Nine Months 2019*

? *Sales at EUR 61.5 million below prior-year level*

? *Gross profit margin above prior-year level and positive EBIT in the
amount of EUR 0.3 million*

? *Signing Ceremony with CNBM in the course of CIIE fair in Shanghai,
China *

? *Order intake with a volume of around EUR 57 million by CNBM still
expected for the fourth quarter*

? *New projects for semiconductor and life science*

Kahl am Main, 14 November 2019 - During the first nine months of the current
sales in the amount of EUR 61.5 million (previous year: EUR 91.0 million).
Sales in the third quarter came to EUR 17.4 million (previous year: EUR 44.6
million). The EBIT in the first nine months was positive and stood at EUR
0.3 million (previous year: EUR 4.0 million). In the third quarter the EBIT
came to EUR -1.3 million (previous year: EUR 5.2 million). During the first
nine months of the business year 2019 the order intake came to EUR 33.9
million, below the prior-year level of EUR 74.6 million achieved in 2018. In
the quarter under review the order intake came to EUR 6.8 million (previous
year: EUR 9.6 million). The order backlog amounted to EUR 38.5 million as of
September 30, 2019 (previous year: EUR 90.3 million). During the first nine
months of the business year 2019 the gross profit margin remained at a high
level of 31.4 %.

On November 9, 2019, in the course of the China International Import Expo
(CIIE) in Shanghai a signing ceremony took place between the subsidiaries of
the Chinese state-owned group CNBM Group, Beijing, and SINGULUS
TECHNOLOGIES. The goal was the confirmation of both parties regarding the
agreement of the essential parameters for the delivery of nine production
machines of the first expansion stage with 150 MW for the next factory for
CIGS solar modules in the town of Xuzhou, China. The legally binding
contracts are now to be concluded within the coming period between the
companies involved in the operation.

The expected project volume currently amounts to approximately EUR 57
million. After the conclusion of the contracts, the agreed prepayments and
the corresponding project start is expected shortly afterwards.

Since a specific point in time was not mentioned and accordingly, the
detailed impact on the sales and earnings targets cannot be determined, the
company refrains from publishing a new forecast for the business year 2019.

In the field of semiconductors SINGULUS TECHNOLOGIES offers the plant
platforms TIMARIS and ROTARIS. A ROTARIS system was successfully sold to a
German research institute. The order for another system for semiconductor
technology is expected in the next weeks.

The new Life Science segment includes production solutions for medical
technology, decorative coatings and optical disc. During the period under
review, a DECOLINE and several POLYCOATER and BLULINE machines were sold.

The headcount within the SINGULUS TECHNOLOGIES Group increased slightly to
358 employees as of September 30, 2019 (December 31, 2018:
343 employees).

*Consolidated key figures nine months 2017/18*

2018 *2019*
Sales (gross) in million EUR 91.0 *61.5*
Order intake in million EUR 74.6 *33.9*
Order backlog (Sept. 30) in million EUR 90.3 *38.5*
EBIT in million EUR 4.0 *0.3*
EBITDA in million EUR 5.7 *3.3*
Earnings before taxes in million EUR 2.4 *-1.3*
Net profit/loss in million EUR 2.3 *-1.9*
Operating cash flow in million EUR 13.9 *-6.3*
Shareholders' equity (Sept. in million EUR 22.3 *18.3*
Balance sheet total (Sept. in million EUR 101.0 *93.3*
Research & development in million EUR 9.0 *9.9*
Employees (Sept. 30) 343 *358*
Weighted average shares 8,896,527 *8,896,527*
outstanding, basic
Earnings per share, basic EUR *0.26* *-0.21*

*Consolidated key figures 3rd quarter 2018/19*

2018 *2019*
Sales (gross) in million EUR 44.6 *17.4*
Order intake in million EUR 9.6 *6.8*
EBIT in million EUR 5.2 *-1.3*
EBITDA in million EUR 6.0 *-0.3*
Earnings before taxes in million EUR 4.7 *-1.8*
Net profit/loss in million EUR 4.7 *-1.9*
Research & development expenditure in million EUR 4.2 *3.7*

*SINGULUS TECHNOLOGIES - innovations for new technologies*
SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems
for efficient and resource-saving production processes, which are used
worldwide in the solar, semiconductor, medical technology, consumer goods
and optical disc sectors.

The company's core competencies include various processes of coating
technology, surface treatment and wet-chemical and thermal production

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5
Maren Schuster, Head of Investor Relations, Tel.: + 49 (0)160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0)170 9202 924
E-mail: bernhard.krause@singulus.de

2019-11-14 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Hanauer Landstrasse 103
63796 Kahl am Main
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: 912483

End of News DGAP News Service

912483 2019-11-14

(END) Dow Jones Newswires

November 14, 2019 02:00 ET ( 07:00 GMT)

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