Home Quarter Results INGULUS TECHNOLOGIES reports financial results for the first nine months of 2015

INGULUS TECHNOLOGIES reports financial results for the first nine months of 2015

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The key financial figures of the current business year are mainly impacted by the once again weak course of business in the Optical Disc division. In its forecast for the business year 2015 SINGULUS TECHNOLOGIES had projected to achieve stable order intake and sales in the core segments Optical Disc and Solar. The renewed lack of expected orders for Blu-ray impact sales similar to the previous year and in particular also weighs heavily on the earnings. In the Solar division, sales were increased compared with the previous year.

SINGULUS TECHNOLOGIES had reported the preliminary key figures for the first nine months of 2015 on October 27, 2015 through an ad-hoc release pursuant to Art. 15 WpHG. During the first nine months of the current business year the company recorded sales of € 57.7 million and is thus slightly above the level of the prior-year period in the amount of € 52.8 million. Sales in the 3rd quarter came to € 28.5 million (previous year: € 22.7 million).

The loss on an operating basis (EBIT) amounts to € -13.9 million for the first nine months of the current business year (previous year: € -38.7 million). During the first nine months of the business year 2015 the order intake of € 84.4 million (previous year: € 48.4 million) was substantially above the comparable figures one year ago. In the quarter under review the order intake came to € 11.3 million (previous year: € 23.2 million). The order backlog as per September 30, 2015 amounted to € 40.7 million and was thus above the comparable level as of September 30, 2014 (€ 15.9 million).

The cash flow in the first nine months was negative. The available liquid funds of € 35.8 million as of December 31, 2014 declined by € 19.2 million to € 16.6 million as of the end of the third quarter.The number of employees in the SINGULUS TECHNOLOGIES Group decreased from 352 salaried employees as of December 31, 2014 to 343 employees as of September 30, 2015.

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Anand Gupta Editor - EQ Int'l Media Network

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