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SINGULUS TECHNOLOGIES AG Reports Preliminary Financial Key Figures for the First Nine Months

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): 9-month figures
SINGULUS TECHNOLOGIES AG Reports Preliminary Financial Key Figures for
the First Nine Months

05.11.2014 / 20:04

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Press Release

SINGULUS TECHNOLOGIES Reports Preliminary Financial Key Figures for the
First Nine Months

- Key figures below prior-year levels

- One-off measures weigh on financial results

- Sustained difficult business situation, course of business in
2015 dependent on success with Solar and Blu-ray

- Success in wet-chemical area encouraging

- Sufficient liquidity for ongoing business operations

Kahl am Main, November 05, 2014 - In an ad-hoc release pursuant to § 15
WpHG on September 18, 2014 SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES)
already adjusted the annual forecast for the full-year 2014 due to the
subdued order environment for Blu-ray Disc production machines and
announced that the company's Executive Board expects the losses of the 1st
half-year 2014 to still expand and therefore result in a significantly
negative results for the full-year 2014. The financial key figures of the
first nine months of 2014 of SINGULUS TECHNOLOGIES as well as the
projections for the full-year are negatively impacted by the weak course of
business in the Optical Disc segment as well as further delays in agreement
conclusions in the Solar division.

For the Optical Disc division, in the course of the annual budgeting for
2014, the Executive Board had already projected lower sales and earnings
contributions than in the business year 2013. Following talks with major
Optical Disc customers in the third quarter SINGULUS TECHNOLOGIES had to
realize that the current year will fall short of expectations since no
major investments for Blu-ray Disc production equipment will materialize.
This decline in volume sales of Blu-ray Disc production machines was not
foreseeable in the planning stage and strongly weighs on the company in the
second half of 2014.

In the solar segment some positive developments were already noticeable.
Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES
AG, comments: "Several orders for the wet-chemical division were
successfully concluded in the current year. However, we had to concede that
several projects in the Solar segment could not be realized in 2014 as
planned." Dr. Rinck adds: "The project and realization stages of major
investment plans in the Solar division take considerably more time than we
had originally anticipated in this year's budgets".