Singulus Technologies Aktiengesellschaft

EANS-News: SINGULUS TECHNOLOGIES Will Intensify Expansion of Existing Business Operations and of New Work Areas in the Years 2013/2014

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annual result

Kahl am Main (euro adhoc) - Press Release

SINGULUS TECHNOLOGIES Will Intensify Expansion of Existing Business Operations
and of New Work Areas in the Years 2013/2014

Kahl am Main, March 27, 2013 - In the course of the annual balance sheet press
conference SINGULUS TECHNOLOGIES AG (SINGULUS) publishes its strategy for
2013/2014 as well as the final financial results for the business year 2012.

In 2013/2014 SINGULUS will focus on the strategic further development of the
existing product portfolio and will pursue a clear forward-looking strategy.

Strategy and outlook in the core segments
In the future, Blu-ray Discs with a storage volume of 100 GB will be required
as a storage medium for movie content for 4K television sets with Ultra High
Resolution (3.840 x 2.160 pixels) and will therefore extend the life cycle of
the Blu-ray memory technology. SINGULUS will develop a new generation of
production machines for the manufacturing of Blu-ray Discs with a higher
storage capacity.

In the Semiconductor division, on the one hand SINGULUS works on new
applications of vacuum coating technology with the TIMARIS and ROTARIS lines,
such as for sensors, inductors and thin-film write/read heads. On the other
hand, the TIMARIS machine platform will be further progressed for the projected
industrial mass production of MRAM wafers and offered to potential customers.
For both goals there are specific projects which are being discussed.

A particular focus rests on the market for solar cells. The sales market for
machines for the production of photovoltaic cells will remain difficult for
some time.

The strategy to take advantage of the know-how gained in the area of optical
storage media relating to vacuum coating, automation and process integration
and to use this for the development of new, efficient solar production
equipment has proven to be absolutely productive and correct. While the market
for production equipment of photovoltaic cells slumped by two thirds globally
in 2012 compared with the previous year, in 2012 SINGULUS was still able to
achieve about 80 % of the order intake of the previous year and therefore
expanded its relative market share. Numerous new machine developments were sold
in 2012. SINGULUS is increasingly consulted as a development partner for highly
efficient solar cells and chosen as the preferred machine supplier by leading
solar cells producers for the resulting machines.

Dr.-Ing. Stefan Rinck, Chief Executive Officer of SINGULUS TECHNOLOGIES AG,
comments: "We are one of the few companies in the solar market able to both
equip efficiently running factories with our machines for the manufacturing of
CIS/CIGS thin-film modules as well as to offer single machines and turn-key
lines for the production of next generation crystalline solar cells."

With important key orders from Germany, Korea, India, South Africa and the US,
SINGULUS has occupied relevant starting points in the past year for additional
projects in the coming years. On the basis of the development in the past
business year the strengthening of the position as one of the leading
technology provider in the future will be continued, which will position
SINGULUS TECHNOLOGIES in a way so that amid recurring investment activities the
company will be present at key customers with its leading concepts and

Solar will once again become a growth market for SINGULUS TECHNOLOGIES
in the future, while the company will benefit disproportionately on the
basis of the completed developments.

Overview business results 2012
Sales amounted to EUR 108.6 million and were therefore below previous year's
level (previous year: EUR 160.0 million). The earnings before interest and taxes
(EBIT) amounted to EUR -60.5 million (previous year: EUR 6.7 million). Adjusted
restructuring and impairment charges as well as for other extraordinary
expenses in the amount of EUR 43.9 million in total, an adjusted EBIT of EUR
million resulted for the business year 2012. The earnings before interest,
taxes, depreciation and appreciation (EBITDA) amounted to EUR -33.8 million in
the business year 2012 (previous year: EUR 18.5 million). On an adjusted basis
the EBITDA for 2012 came to EUR -5.2 million (previous year: EUR 18.5 million).

The shareholders' equity in the Group declined by EUR 60.7 million in the course
of the period under review and stood at EUR 77.2 million as of December 31, 2012
(previous year: EUR 137.9 million). The equity ratio stands at 37.4 % following
75.6 % in the previous year, which is caused by the negative net result and the
increased balance sheet total, amongst others due to the rise in liquid funds
from the issuance of the bond.

In the business year 2012 the operating cash flow of the Group of EUR -0.4
million was negative and thus lower than in the previous year (previous year:
7.5 million). This decline is due to the significantly lower business
activities in the group of companies. The results burdening extraordinary
charges only resulted in cash outflows and therefore to a burden of the
operating cash flow to a small extent so far.

In total, cash and cash equivalents amounted to EUR 55.9 million overall at the
end of the period under review. Furthermore, additional EUR 17.6 million were
temporarily guaranteed in blocked accounts at that point in time and served as
security for pre-payments received for current orders.

Further growth secured in the long-term through financing
Following SINGULUS TECHNOLOGIES' complete repayment of liabilities owed to
business banks in 2011, the financing of the company was established on a
solid, long-term basis with the issuance of a corporate bond in 2012 with a
volume of EUR 60 million. Accordingly, the planned growth in the existing
divisions as well as the expansion into new work areas are sufficiently

SINGULUS TECHNOLOGIES is a technology leader with its machines and equipment in
the three applications areas Optical Disc, Semiconductor and Solar. SINGULUS
expects to once again grow sales in 2013 compared with 2012 and projects to
complete the business year with an overall slightly positive operating result
(EBIT) in the Group. However, this is subject to substantial sales growth in
the Solar segment.

Dr.-Ing. Stefan Rinck, Chief Executive Officer of SINGULUS TECHNOLOGIES AG,
remarks: "To strengthen the existing business activities, we will continue to
target the development of innovative products and open new application areas
and markets. Clearly, the strategic further development of the existing product
portfolio is in the focus for the business year 2013".

SINGULUS TECHNOLOGIES continues to expand its know-how
in vacuum coating, the automation and process technology as well as the
integration of manufacturing lines in order to develop new work areas. Other
areas of applications are in the focus for a potential acquisition.

At a Glance - Consolidated Key Figures

|                   |        |2011       |2012       |
|Sales              |in      |160.0      |108.6      |
|                   |million |           |           |
|                   |EUR       |           |           |
|Order intake       |in      |151.6      |121.9      |
|                   |million |           |           |
|                   |EUR       |           |           |
|Order backlog      |in      |26.8       |40.1       |
|                   |million |           |           |
|                   |EUR       |           |           |
|EBIT               |in      |6.7        |-60.5      |
|                   |million |           |           |
|                   |EUR       |           |           |
|EBITDA             |in      |18.5       |-33.8      |
|                   |million |           |           |
|                   |EUR       |           |           |
|Earnings before    |in      |5.6        |-63.8      |
|taxes              |million |           |           |
|                   |EUR       |           |           |
|Net profit/loss    |in      |5.6        |-61.6      |
|                   |million |           |           |
|                   |EUR       |           |           |
|Operating cash flow|in      |7.5        |-0.4       |
|                   |million |           |           |
|                   |EUR       |           |           |
|Shareholders'      |in      |137.9      |77.2       |
|equity             |million |           |           |
|                   |EUR       |           |           |

The Annual Report 2012 for the SINGULUS TECHNOLOGIES AG is available as a pdf-
file for download from the homepage

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 9202924

Further inquiry note:
Bernhard Krause
Tel.: + 49 (0) 6181 98280 20

end of announcement                               euro adhoc 

company:     Singulus Technologies Aktiengesellschaft 
             Hanauer Landstrasse  103
             D-63796 Kahl am Main
phone:       +49 (0)1709202924
FAX:         +49 (0)6188 440-110
sector:      Technology
ISIN:        DE0007238909
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

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