Singulus releases 1st quarter financial results

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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.

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.

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 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

 

 

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