Singulus recently published their first quarter financial results, posting a higher order intake this year of € 39.8 million, compared to last year’s first quarter € 17.4 million. The company still felt the hard economic hit though when it came to sales trends, posting a total of € 21.6 million for first quarter 2010.
Operating expenses totaled € 12.4 million, a drop form 2009’s € 16.5 million. Gross margin for 2010’s first quarter was 32.5%, slightly less than 2009’s 33.2%. Earnings before interest and taxes came to € -5.5 million.
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While Singulus acknowledges that the hard hit world economies have affected its 1st quarter postings, it looks favourably to the solar segment of their business continuing to expand and provide stronger financial numbers in the months to come.
|
Singulus consolidated key figures (IFRS unaudited) |
|
||
|
1st Quarter |
|
2009 |
2010 |
|
Sales |
€ |
35.4 |
21.6 |
|
Order intake |
Mio. € |
17.4 |
39.8 |
|
Order backlog (March 31) |
Mio. € |
52.2 |
45.6 |
|
EBIT |
Mio. € |
-4.9 |
-5.5 |
|
EBITDA |
Mio. € |
0.2 |
-1.0 |
|
Net profit |
Mio. € |
-6.1 |
-5.7 |
|
Earnings per share |
€ |
-0.16 |
-0.15 |
|
Employees (March 31) |
|
684 |
483 |
