Singulus Technologies announced financial results for the first half of 2021.

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Unedited press release follows:

SINGULUS TECHNOLOGIES Reports Preliminary Financial Key Figures (unaudited) for the first Half of 2021

• Pick-up in business activities in all segments

• Significant sales and earnings increases expected for the second half of the year

• Key order in the Life Science segment

• Order backlog at € 86.4 million

• Gross profit margin significantly positive at 27.7 %

• Maturity of corporate bond successfully extended

Kahl am Main, 05 August 2021 – The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) reports preliminary financial results for the first half of 2021. Significant improvements in sales and earnings were achieved compared with the same half-year in 2020. Sales in the amount of € 26.0 million in the first half of 2021 were higher than the previous year’s level of € 16.2 million. In the second quarter 2021 sales in the amount of € 11.4 million (previous year: € 5.3 million) were booked. In the second quarter 2021 earnings before interest and taxes (EBIT) in the amount of € -4.6 million were realized (previous year: € -8.5 million). The EBIT in the first half-year 2021 improved to € -7.9 million (previous year: -14.3 million).

In the first half of 2021, the gross profit margin developed favorably due to the higher utilization level and amounted to 27.7 % (previous year: -3.8 %). The unrestricted, available liquidity of SINGULUS TECHNOLOGIES amounted to € 14.3 million as of June 30, 2021 compared with € 5.9 million as of March 31, 2021. In the second quarter the order intake was improved to € 28.0 million (previous year: € 3.3 million). The order intake in the first six months amounted to € 36.0 million. Due to a major order in the Solar segment the order intake in the first half 2020 had amounted to € 66.9 million. Overall, the order backlog continued to increase and amounted to € 86.4 million (March 31, 2020: € 77.0 million).

The headcount within the SINGULUS TECHNOLOGIES Group as of June 30, 2021 remained at a steady level of 340 employees (December 30, 2020: 349 employees).

On May 6, 2021, the second creditors’ meeting with regards to the SINGULUS bond ISIN DE000A2AA5H5 / WKN A2AA5H was quorate with a quorum of around 34.4 % and approved the proposed resolutions for the extension of the corporate bond with 98.9 %. Thus, the new terms and conditions of the bond as well as the bond’s term to maturity in the amount of € 12 million on July 22, 2026 became effective. The extension of the corporate bond will provide SINGULUS TECHNOLOGIES with solid planning security for the next couple of years. Furthermore, due to the resolutions of the bondholders, the current interest payments will be reduced significantly for the company in the next five years.

Outlook
In the past couple of weeks, positive changes have already resulted in an increasing order backlog. This will result in a pick up of business operations for the entire year 2021 compared with the prior year and consequently have a positive impact on the company after all. The attestation by the responsible auditing company for the annual financial statements prepared by SINGULUS TECHNOLOGIES for the 2020 financial year is currently still pending.

As an internationally operating company SINGULUS TECHNOLOGIES is monitoring the current developments in connection with the COVID-19 pandemic in the business year 2021 as well. The Executive Board of SINGULUS TECHNOLOGIES expects that the impacts of the COVID-19 pandemic will continue to have an impact on the company.

Due to the emerging virus variants, an assessment of the future is very difficult. For the time being, a forecast for the key financial results for the current business year cannot be accurately made for this reason. However, further order intake could currently be achieved after the reporting date and SINGULUS TECHNOLOGIES expects additional orders in the next few weeks.

SINGULUS TECHNOLOGIES – Technologies for a Sustainable World
Responsible and sustainable corporate governance is very important to SINGULUS TECHNOLOGIES. SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the solar/hydrogen, semiconductor, medical technology, consumer goods and data storage sectors. SINGULUS TECHNOLOGIES regards sustainability as an opportunity to position itself with innovative products that follow this spirit.

In the focus are:
• environmental awareness
• efficient use of resources
• avoidance of unnecessary CO2 pollution
The company’s core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.