Singulus Technologies AG
SINGULUS TECHNOLOGIES Reports Consolidated Annual Results for 2016
DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Final Results Press Release SINGULUS TECHNOLOGIES Reports Consolidated Annual Results for 2016 – Sales in 2016 at EUR 68.8 million – Earnings before interest and taxes at EUR -17.7 million – Order intake amounts to EUR 152.1 million – Successful completion of the financial restructuring – Doubling of sales planned in 2017 – Positive EBIT in the low single-digit million euro range expected for 2017 Kahl am Main, March 30, 2017 – The SINGULUS TECHNOLOGIES AG reports for the fiscal year 2016 that gross revenue of EUR 68.8 million was generated, down on the prior-year figure of EUR 83.7 million. Earnings before interest and taxes (EBIT) amounted to EUR -17.7 million in the reporting period (previous year: EUR -34.5 million). Adjusted for one-off expenses, EBIT amounted to EUR -17.3 million (previous year: EUR -18.2 million). A restructuring gain of EUR 41.2 million was recognized in the reporting year in connection with the bond restructuring. Overall, the financial result for fiscal year 2016 was EUR 37.8 million (previous year: EUR -8.8 million). The net profit for the period amounted to EUR 18.9 million in fiscal year 2016 (previous year: net loss of EUR 43.4 million).
SINGULUS TECHNOLOGIES continued to pursue a conservative human resources policy in fiscal year 2016. The headcount in Germany remained more or less unchanged as of the end of the year, at 278 employees (previous year: 283 employees). Overall, the SINGULUS TECHNOLOGIES Group’s global headcount declined to 318 employees (previous year: 335 employees). As a final step of the financial restructuring, SINGULUS TECHNOLOGIES has issued 2,021,938 new shares for a subscription price of EUR 3.25 per new share in the course of the subscription right capital increase. All shareholders were offered a subscription right with a ratio of 3 : 1. In addition the former bondholders were able to exercise the overall held purchase rights. All of the offered shares were subscribed through the execution of subscription rights and additional subscriptions by the rights holders. The entry of the implementation of the capital increase into the commercial register was effected on October 7, 2016. The nominal capital of the company of EUR 6,065,814 was increased by the amount of EUR 2,021,938 to EUR 8,087,752. Outlook und Expectations The strategy of our company is aimed at utilizing our core competencies in processing technology and engineering to gain additional market share in our key markets – in particular Solar – through innovative engineering and machine concepts. Consolidated Key Figures 2015/2016
SINGULUS TECHNOLOGIES builds machines for economical and resource-efficient production processes. SINGULUS TECHNOLOGIES’ strategy is based on the use and expansion of its existing core competencies. The application areas include coating technology, surface processing, wet-chemical applications as well as the related chemical and physical processing steps. The company’s target is to reach a technologically leading position in the Solar division. For all machines, processes and applications SINGULUS TECHNOLOGIES draws upon its know-how in the areas of automation and process technology. SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main Contact:
30.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | SINGULUS TECHNOLOGIES AG |
Hanauer Landstrasse 103 | |
63796 Kahl am Main | |
Germany | |
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 Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
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