EQS-News

SINGULUS TECHNOLOGIES publishes annual financial statements 2023 - Seite 2

Outlook for the 2024 fiscal year

For 2024, SINGULUS TECHNOLOGIES expects a significant increase in sales compared to 2023. The company's earnings situation should continue to improve significantly. Sales in the range of € 120.0 million to € 130.0 million are expected. EBIT is then expected to be in the low double-digit million range.

In order to achieve this forecast, current projects must be completed without material delay and further significant new orders must be realized in the coming months. In particular, this is conditional on the solar market continuing to grow and the successful implementation of the planned major projects. In addition, further significant orders must be concluded for the other segments. If actual operating performance falls significantly short of these expectations in the coming months, this would have a significant impact on the company's financial position, including its net assets, financial position, and results of operations, and could even jeopardize the company's existence. In addition, the Company refers to the comments on financial risks in the risk report of the Annual Report 2023 in connection with the Company's financing.

As an industry leader, SINGULUS TECHNOLOGIES relies on continuous technological progress with investments in research and development. The machines are used worldwide in photovoltaics, semiconductors, medical technology, packaging, glass & automotive and, in the future, also for batteries & hydrogen.

For more information about SINGULUS TECHNOLOGIES and its products, please visit the company's website at https://www.singulus.com/.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,

D-63796 Kahl/Main, WKN A2AA5H / ISIN DE000A2AA5H5

Contact:

Maren Schuster, Investor Relations, Phone: + 49 (0) 160 9609 0279

Bernhard Krause, Phone [phone]

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08.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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