Singulus Technologies AG announced earnings results for the second quarter and first half of fiscal 2017. For the six months, the company announced sales of EUR 48.3 million, which is significantly higher than the prior-year level of EUR 24.6 million. EBIT were positive at EUR 2.5 million against LBIT of EUR 9.3 million a year ago. EBITDA was EUR 3.5 million against LBITDA of EUR 8.1 million a year ago. Earnings before taxes were EUR 1.7 million against EUR 29.3 million a year ago. Profit for the period was EUR 1.7 million or EUR 0.21 basic earnings per share against EUR 29.2 million or EUR 67.53 basic earnings per share a year ago.

For the quarter, the company announced sales in amount of EUR 22.2 million were booked, which is also above the previous year's level of EUR 10.5 million. In the second quarter 2017 the EBIT stood at EUR 1.1 million LBIT of EUR 3.5 million a year ago. EBITDA was EUR 1.6 million against LBITDA of EUR 2.9 million a year ago. Earnings before taxes were EUR 0.8 million against EUR 36.4 million a year ago. Profit for the period was EUR 0.8 million against EUR 36.3 million a year ago.

The company provided earnings guidance for the year 2017. For the current year the company projects a doubling of sales pursuant to IFRS compared with the previous year. The operating result (EBIT) for the Group should come in at a low, positive double-digit million range. The forecast for the annual targets for 2017 mainly rests on the assumption that the majority of the concluded delivery contracts, which are currently booked as order backlog, can be finished as scheduled within the course of the business year. The prerequisite for this is that the respective, contractually agreed prepayments are received in a timely manner.