SINGULUS TECHNOLOGIES Reports Stable Growth in Q1 2024

SINGULUS TECHNOLOGIES AG, based in Kahl am Main, released its financial performance for Q1 2024, demonstrating significant growth in order intake and a stable gross margin. The company reported a substantial increase in order intake to €33.2 million from last year's €14.1 million, with a notable influx in the semiconductor segment. Revenue for the quarter was also up, standing at €20.6 million compared to the previous year's €16.3 million.

Earnings before interest and taxes (EBIT) improved to €0.6 million, a positive shift from a loss of €0.9 million in the same period last year. The company maintained a gross margin of 29.4%. However, freely available liquidity decreased to €6.3 million from €11.5 million at the end of December 2023. Dr. Stefan Rinck, CEO of SINGULUS TECHNOLOGIES, highlighted the expansion into new markets with high growth potential, including innovative coating systems for hydrogen and battery technology applications.

Looking forward, SINGULUS TECHNOLOGIES anticipates a rise in sales and a significantly better earnings situation for 2024, projecting sales to reach between €120.0 million and €130.0 million, with EBIT expected in the low double-digit million range. This outlook is contingent upon the successful completion of current projects and the acquisition of new significant orders, particularly in the solar, life science, and semiconductor sectors.