SINGULUS TECHNOLOGIES AG / Strategic Company Decision
17.09.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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SINGULUS TECHNOLOGIES Focuses on Solar and Optical Disc - Revaluation and
Adjustment of Portfolio
Focus on growth drivers Blu-ray and Solar
Sales targets for 2010 of more than 200 million for Optical Disc and at
least 120 million for Solar
Balance sheet adjusted to new economic and technologic conditions,
adjustment of 41.2 million
No deterioration of cash position
Positive EBIT in 2008 before extraordinary charges
Future double-digit million cost relief
Kahl am Main, September 17, 2008 - The Executive Board of the SINGULUS
TECHNOLOGIES AG (SINGULUS) in agreement with the Supervisory Board decided
on September 17, 2008 to focus the company exclusively on the segments
Optical Disc and Solar in the future. In this connection, a portfolio
optimization was also resolved as well as an adjustment of the balance
sheet to the new economic and technologic conditions.
The new positioning of the company results in one-time write-offs in the
amount of 41.2 million, which are not liquidity related. With this step
inherited burdens are adjusted and the accounting base for a healthy
development in the next years formed. For example, these write-offs already
result in cost relieves of 15.8 million in the years 2009 - 2011.
The measures resolved include primarily a revaluation of the market
expectations of our semiconductor activity HamaTech APE as well as the
adjustment of our non-core activities Nano Deposition and Optical Coating.
The future replacement of the CD and DVD mastering machines by the new
CRYSTALLINE plant for Blu-ray Disc results in a reevaluation of the
mastering activities.
The agreed portfolio optimization in connection with the clear focus on the
two growth areas Blu-ray and Solar will both improve sales and earnings
significantly in the coming years. Correspondingly, SINGULUS will return to
its successful track.
Sales in 2010 in the Optical Disc division are expected to exceed
200 million once again. The Solar segment is projected to contribute
sales of at least 120 million.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main,
Contact: Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6181 98280 20 /
+491709202924
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Conference Call
SINGULUS TECHNOLOGIES AG will present more information about the new
positioning of the company and the exclusive focus on the segments Optical
Disc and Solar. We are pleased to invite you to our
Conference Call
Wednesday, September 17, 2008 4:00 p.m. (CET)
Tel.: +49 (0) 695 8999 0507
Password: SINGULUS TECHNOLOGIES
DGAP 17.09.2008
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Language: English
Issuer: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
Phone: +49 (0)6188 440-105
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: SINGULUS TECHNOLOGIES Focuses on Solar and Optical Disc - Revaluation and Adjustment of Portfolio
| Source: EQS Group AG