DGAP-News: SÜSS MicroTec SE / Key word(s): Quarterly / Interim Statement SUSS MicroTec publishes Quarterly Report for Q1 2021 2021-05-12 / 08:00 The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- SUSS MicroTec publishes Quarterly Report for Q1 2021 - Order entry goes up further and reaches EUR 81.0 million after EUR 69.0 million in Q1 2020 - Sales increased by 26.1% to EUR 52.6 million - Positive quarterly EBIT comes in at EUR 1.4 million after minus EUR 5.6 million in Q1 2020 - Free cash flow also positive at EUR 9.1 million after minus 8.3 million one year ago Garching, May 12, 2021 - SUSS MicroTec SE, a leading manufacturer of systems and process solutions for the semiconductor industry and related markets, published its quarterly report for the period of January 1 to March 31, 2021, today. Smart devices, smart homes and smart factories as well as the internet of things, increasing mobility, artificial intelligence, computer games and the whole subject of sensor technology (MEMS) are important growth trends for us. Additionally the COVID-19 pandemic has accelerated the developing megatrend towards mobile working and home office. Equipping home offices with laptops and computers, fast data connections and high-quality and secure image-, sound- and data-transmissions are important drivers of the demand for our equipment. In addition, the expansion of the production capacities for 5G-compatible electronic components is another reason for the increasing demand for our tools. This sustained trend is clearly reflected in the once again very good order entry figures for the first quarter 2021. In the months of January to March 2021, new orders worth EUR 81.0 million were won (2020: EUR 69.0 million). The increase is mainly due to the strong demand for Lithography tools, especially for mask aligners and coaters/developers. The order backlog as of March 31, 2021 was EUR 148.2 million (March 31, 2020: EUR 120.8 million). Sales in the first quarter reached a value of EUR 52.6 million, which is 26.1% above the previous year's figure (2020: EUR 41.7 million). The increase in sales was evident in all segments, with the exception of bonders, which showed a slight decrease in sales, but with a low overall sales volume in that quarter. The sales decrease in the bonder segment is due to a postponement of tool deliveries into the second quarter. Earnings before interest and taxes (EBIT) amounted to around EUR 1.4 million in the first quarter of 2021 and were thus well above the previous year's figure of minus EUR 5.6 million. This results in an EBIT margin for the first quarter of 2021 of 2.7% (2020: -13.4%). The first quarter of 2020 includes a negative special effect from the closure of the production site in Corona, USA. The closure costs for this facility totaled EUR 3.7 million in the first quarter of 2020, of which EUR 1.7 million were reported under sales, administration and development costs. There was no comparable special effect in the first quarter of 2021. Earnings after taxes (EAT) increased accordingly from minus EUR 5.4 million to EUR 0.8 million. The undiluted earnings per share (EPS) are EUR 0.04 (2020: EUR -0.28). The free cash flow amounted to EUR 9.1 million at the end of the first quarter of 2021, after minus EUR 8.3 million in the previous year. The net liquidity at the end of the first quarter was EUR 39.2 million (2020: EUR -19.6 million). Outlook After a strong order entry in the fourth quarter 2020 and in the first quarter of 2021, we are very optimistic about the 2021 financial year - subject to the fact that the COVID-19 pandemic continues to bring certain uncertainties. We expect an ongoing high demand for our products and holistic solutions by our customers in the markets that are relevant to us. At the end of the first quarter 2021, we had a strong order backlog of around EUR 148 million. For the full year 2021, we to expect an increase in order entry and an increase in sales in a range of EUR 270 million to EUR 290 million. Earnings before interest and income taxes (EBIT) should develop positively, too. We continue to forecast an EBIT margin in a range of 9.0% to 11.0%. Legal Disclaimer All statements in this release other than historical facts are forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe", "expect", "intend", "anticipate", "estimate", "should", "may", "will", "plan" and similar words and terms used in relation to the enterprise are meant to indicate forward-looking statements of this kind. The company accepts no obligation toward the general public to update or correct forward-looking statements. All forward-looking statements are subject to various risks and uncertainties, as a result of which actual events may diverge numerically from expectations. The forward-looking statements reflect the view at the time they were made. Contact: SUSS MicroTec SE Franka Schielke Investor Relations Schleissheimer Strasse 90 85748 Garching, Deutschland Tel.: +49 (0)89 32007-161 Fax: +49 (0)89 32007-451 Email: franka.schielke@suss.com =---------------------------------------------------------------------------------------------------------------------- 2021-05-12 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 Company: SÜSS MicroTec SE Schleissheimer Strasse 90 85748 Garching Germany Phone: +49 (0)89 32007-161 Fax: +49 (0)89 4444 33420 E-mail: franka.schielke@suss.com Internet: www.suss.com ISIN: DE000A1K0235 WKN: A1K023 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1195459 End of News DGAP News Service =------------
1195459 2021-05-12
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May 12, 2021 02:01 ET (06:01 GMT)