NASDAQ OMX Copenhagen 12 November 2009
Nikolaj Plads 6
DK-1067 Copenhagen K
STOCK EXCHANGE ANNOUNCEMENT No. 15/09
Interim report for the nine months ended 30 September 2009
The Board of Directors of Topsil Semiconductor Materials A/S has today
considered and approved the interim report for the nine months ended 30
September 2009. The highlights of the interim report, which is unaudited, are:
Year to date
Consolidated revenue for the period was DKK 270.7m against DKK 185.6m in the
year-earlier period. DKK 29.8m of the revenue growth was attributable to
advances in the Float Zone (FZ) activities, and DKK 55.3m was attributable to
sales generated by the Polish Czochralski (CZ) activities.
EBIT for the period came to DKK 50.0m against DKK 41.7m in the year-earlier
period. The Polish activities generated an operating loss of DKK 18.5m.
The group reported a profit before tax of DKK 42.7m for the period against DKK
45.9m for the year-earlier period.
At 30 September 2009, the group's total assets amounted to DKK 545.1m and its
equity ratio stood at 50.5%.
The group reported a cash outflow of DKK 10.2m, primarily as a result of
increased raw materials and intermediate stocks.
Three months ended 30 September 2009
The group reported consolidated revenue for Q3 2009 of DKK 79.1m and EBIT of
DKK 16.1m. The parent company reported revenue of DKK 59.9m and EBIT of DKK
18.5m. For the year-earlier period, the parent company reported revenue of DKK
57.8m and EBIT of DKK 11.3m.
Despite certain orders having been deferred from Q3 to Q4 2009, demand for the
group's FZ-based products continues to grow, and sales for Q3 2009 grew by 4%
on the year-earlier period. In Q3 2009, sales of CZ-based products were on a
level with Q2 2009, and the underlying CZ market continues to show signs of
stabilisation.
Outlook
The expectations for the group's financial performance for FY 2009 are
maintained. Thus, for 2009, the group expects to report revenue of DKK
410-430m., a profit margin of 17% and profit before tax of DKK 55-65m at group
level, despite a negative trend in the USD/DKK rate from 5.50 to 5.00.
Further information
Please direct any questions regarding this announcement to:
Jens Borelli-Kjær, Chairman, tel. +45 40 16 14 82
Keld Lindegaard Andersen, CEO, tel. +45 21 70 87 72
The full report is attached.
