SUESS MicroTec : Publication of the Half Year Financial Figures for 2019

Publication of the Half Year Financial Figures for 2019

- Order entry of EUR 91.7 million exceeds results of half year 2018

- Sales with EUR 94.1 million almost unchanged compared to last year

- EBIT at EUR -0.8 million in first six months (prior year: EUR 8,4 million)

Garching, August, 7 2019 - SUSS MicroTec, a leading supplier of equipment and process solutions for the semiconductor industry and related markets, published its results for the first six months of the 2019 fiscal year today.

With EUR 94.1 million, revenue for the first half-year of 2019 nearly matched the previous year's level of EUR 94.2 million. Order entry exceeded the high level of the previous year and amounted to EUR 91.7 million, which is a 17.3% increase. As a result, order backlog amounted to EUR 85.4 million as of June 30, 2019 (June 30, 2018: EUR 83.9 million). Earnings before interest and taxes (EBIT) amounted to EUR -0.8 million, which is well below the prior-year figure of EUR 8.4 million. The EBIT margin for the first half of 2019 was -0.9 % (previous year 8.9 %). Earnings after taxes (EAT) went down year-on-year to EUR -1.9 million (previous year: EUR 4.7 million). Basic earnings per share (EPS) came in at -0.10 EUR (previous year: EUR 0.25).

Despite of a difficult industrial environment the second quarter 2019 was characterized by filled order books. Between April and June 2019 new orders worth EUR 45.0 million were booked which signifies a 13.6 % rise of order entry compared to the previous year. Sales in the second quarter of 2019 amounted to EUR 47.0 million, compared to EUR 49.0 million in the same quarter of the previous year. EBIT reached a negativ value of EUR -2.9 million in the second quarter, which corresponds to an EBIT margin of -6.2 percent. The main reasons for this decline in EBIT in the second quarter of 2019 are, on the one hand, revenue declines in divisions that achieved significantly higher gross margins in the prior-year quarter and, on the other hand, individual machine orders with lower gross margins which are of a strategic nature. In addition, slightly higher development and production overheads had a negative impact on earnings. This results in earnings per share for the second quarter of 2019 of EUR -0.12 (previous year: EUR 0.22).

The Free Cash Flow for the first half of 2019 was EUR -18.9 million, compared to EUR -15.9 million in the previous year. Net liquidity decreased year-on-year from EUR 17.1 million in June 2018 to EUR 6.9 million in June 2019.

Outlook:

The Company continues to forecast sales for the current fiscal year in the range between EUR 200 million and EUR 215 million and an earnings margin (EBIT margin) in the range of 6.5 percent to 8.0 percent. For the following six months (Q3 and Q4 2019), we expect an order entry of more than EUR 95 million.

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.

About SUSS MicroTec

SUSS MicroTec is a leading supplier of equipment and process solutions for microstructuring in the semiconductor industry and related markets. In close cooperation with research institutes and industry partners SUSS MicroTec contributes to the advancement of next-generation technologies such as 3D Integration and nanoimprint lithography as well as key processes for MEMS and LED manufacturing. With a global infrastructure for applications and service SUSS MicroTec supports more than 8,000 installed systems worldwide. SUSS MicroTec is headquartered in Garching near Munich, Germany.

For more information, please visit http://www.suss.com.