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SINGULUS TECHNOLOGIES publishes financial figures for the first half year of 2017

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Half Year Results SINGULUS TECHNOLOGIES publishes financial figures for the first half year of 2017 11.08.2017 / 08:00 The issuer is solely responsible for the content of this announcement. Press Release

SINGULUS TECHNOLOGIES publishes financial figures for the first half year of 2017

- Positive trend in sales and EBIT

- High order backlog

- Additional CIGS production machines sold - prepayments received in July

- Positive Outlook for CIGS Solar Segment

- More Projects in Discussion


Kahl am Main, 11. August 2017 - The SINGULUS TECHNOLOGIES AG

(SINGULUS TECHNOLOGIES) reports half-year sales for 2017 of EUR 48.3 million, which is significantly higher than the prior-year level of EUR 24.6 million. In the second quarter 2017 sales in amount of EUR 22.2 million were booked, which is also above the previous year's level of EUR 10.5 million. The order backlog at June 30, 2017 amounted to EUR 87.7 million (June 30, 2016: EUR 133.5 million)

Dr.-Ing. Stefan Rinck, CEO of SINGULUS TECHNOLOGIES AG: "During the last weeks, we have received more important orders for different CIGS production systems. These are buffer layer deposition systems of the type TENUIS II as well as vacuum sputtering systems of the type GENERIS." Dr. Rinck adds: "We further developed a new version of our vacuum sputtering system GENERIS for the specific application in the CIGS thin-film solar technology and could already sell several systems in July 2017."

In the first half of 2017 earnings before interest and taxes (EBIT) were positive at EUR 2.5 million (previous year: EUR -9.3 million). In the 2nd quarter 2017 the EBIT stood at EUR 1.1 million (previous year: EUR -3.5 million). In the first half of 2017 the financial result came to EUR -0.8 million (previous year excluding restructuring gains: EUR -2.6 million). As of June 30, 2017, the available liquid funds amounted to EUR 24.4 million (previous year: EUR 18.5 million).