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SINGULUS meets 2008 forecast

02-16-2009, 10:32 AM
SINGULUS meets 2008 forecast
Thursday, 12 February 2009
Singulus Technologies has announced that, according to preliminary results, the company achieved sales amounting to € 213 million for the 2008 business year and thus met its own forecast (€210-€230 million).

Earnings before interest and taxes (EBIT), excluding restructuring charges, were positive in 2008. At €226.4 million the order intake for the full year 2008 was 11% higher than the level of €203.8 million achieved in 2007. The order backlog of €69.0 million also exceeded the prior-year total (€55.8 million) by 24 %.

In the fourth quarter of 2008 the order intake of € 29.0 million was weak, as expected. The order intake for Blu-ray machines in the first two quarters of 2008 had been significantly higher than estimated, and the capacities required for Blu-ray in 2008 had largely been ordered by the end of June.

Stefan Baustert, Singulus CEO, said: “We had an unexpectedly high order intake for Blu-ray machines in the first half year. The sales of machines for CD and DVD production declined significantly in the second half of 2008. We expect Blu-ray to win further recognition internationally in 2009 and to gain in importance in subsequent years.”