DGAP-Adhoc: SÜSS MicroTec SE: SUSS MicroTec adjusts outlook for fiscal year 2019 and publishes first preliminary figures for Q3 2019

2019. november 04., hétfő, 11:47





DGAP-Ad-hoc: SÜSS MicroTec SE / Key word(s): Change in Forecast


SÜSS MicroTec SE: SUSS MicroTec adjusts outlook for fiscal year 2019 and publishes first preliminary figures for Q3 2019


04-Nov-2019 / 11:47 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.




SUSS MicroTec adjusts outlook for fiscal year 2019 and publishes first preliminary figures for Q3 2019

Garching, Germany, November 4, 2019 - Based on the preliminary figures for the first nine months and the updated budget figures, SUSS MicroTec is substantiating its expectations for incoming orders, sales and earnings for the current fiscal year ending December 31, 2019.


At EUR 66.0 million, incoming orders in the third quarter of 2019 were up more than 40% on the same period of the previous year (Q3/2018: EUR 47.0 million). The company therefore assumes that the previously published forecast of more than EUR 95 million in incoming orders in the second half of 2019 will be far exceeded. As of September 30, 2019, the order backlog amounted to EUR 115.3 million, 28.1% higher than the EUR 90.0 million on the previous year"s reporting date.


In the third quarter of 2019, SUSS MicroTec generated sales of EUR 37.1 million (previous year: EUR 38.6 million). EUR 131.1 million was reported for the first nine months of the current 2019 financial year, compared with EUR 132.8 million in the previous year. Based on the orders on hand and the current inventory of machines ready for shipment, sales in fiscal 2019 are expected to be at the upper end of the already announced range of EUR 200 to 215 million. In the 2018 financial year, sales amounted to EUR 203.9 million.


The EBIT margin for fiscal 2019 will be below the previously communicated range of 6.5% to 8.0% due to productivity losses caused by underutilization and capacity shifts between product groups. Contrary to expectations at the end of the first half of the year, the third quarter was unable to deliver any positive EBIT contributions. Pre-produced orders were not delivered until the end of the third quarter due to late incoming orders and will therefore be reflected in sales within the fourth quarter.  Management currently expects the EBIT margin for 2019 as a whole to be between 4.0% and 5.0%. In the previous year, EBIT amounted to EUR 10.9 million, corresponding to an EBIT margin of 5.3 %.


The company will publish the final figures for the third quarter of 2019 as planned on November 6, 2019.

End of ad hoc announcement



Contact:

SUSS MicroTec SE

Maximilian Fischer

Investor Relations

Schleissheimer Strasse 90

85748 Garching, Deutschland

Tel.: +49 89 32007-161

Fax: +49 (0)89 32007-451

Email: ir@suss.com








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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: ir@suss.com
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: 903495





 
End of Announcement DGAP News Service




903495  04-Nov-2019 CET/CEST







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