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DGAP-Adhoc: SÜSS MicroTec SE: Sales and earnings significantly increased in the first half year; guidance for the full year raised

eqs_en 
0 0 24.07.20
DGAP-Adhoc: SÜSS MicroTec SE: Sales and earnings significantly increased in the first half year; guidance for the full year raised : http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24072/S%C3%BCss_Microtec_logo.svg.png
 

DGAP-Ad-hoc: SÜSS MicroTec SE / Key word(s): Change in Forecast
SÜSS MicroTec SE: Sales and earnings significantly increased in the first half year; guidance for the full year raised

24-Jul-2020 / 17:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

  • Order intake in the first half of 2020 significantly above expectations
  • Revenue in the second quarter amounts to EUR 72 million (rounded) and increases by 20% to EUR 113 million in the first 6 months
  • EBIT amounts to EUR 8.8m in the second quarter and improves in the first 6 months from EUR -0.8 million to EUR 3.2 million
  • Revenue and earnings guidance for the full year raised due to the positive development of incoming orders
Garching, 24 July 2020 - SÜSS MicroTec SE announced today that incoming orders in the second quarter amounted to EUR 94 million and thus totalling EUR 163 million in the first half of 2020. This is due to increased investment in the introduction of the 5G mobile communications standard. As a result, sales also developed very positively, rising to a rounded EUR 72 million in the second quarter (previous year: EUR 47 million) and thus to EUR 113 million in the first half year. This represents an increase of 20% compared with the same period last year. Revenues in the Photomask Equipment segment rose particularly strongly from EUR 19.0 million to EUR 30.1 million (+61%) and in the Lithography segment from EUR 51.8 million to EUR 62.1 million (+20%). EBIT in the second quarter amounted to EUR 8.8 million (previous year: EUR - 2.9 million). This development leads to an improvement in EBIT compared to the first half of the year from EUR -0.8 million to EUR 3.2 million (EUR +4.0 million).

Provided that the ongoing development of the Covid-19 pandemic does not worsen and consequently has a corresponding negative impact on the company, the company expects a continued positive development in the second half of 2020. Revenue expectations have been raised to a range of EUR 240 million to EUR 260 million. The EBIT margin should also improve under these conditions and be between 3% and 5%.




Contact:
SÜSS MicroTec SE
Sabine Radeboldt
Investor Relations
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 (0)89 32007-161
Fax: +49 (0)89 32007-451
Email: [email protected]

24-Jul-2020 CET/CEST 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 32007-451
E-mail: [email protected]
Internet: www.suss.com
ISIN: DE000A1K0235
WKN: A1K023
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1101291

 
End of Announcement DGAP News Service

1101291  24-Jul-2020 CET/CEST

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Süss MicroTec SE Stock

€49.50
1.120%
There is an upward development for Süss MicroTec SE compared to yesterday, with an increase of €0.55 (1.120%).
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However, we have a potential of -9.09% for Süss MicroTec SE as the target price of 45 € is below the current price of 49.5 €.
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