Company Name: Singulus Technologies AG ISIN: DE000A1681X5   Reason for the research: Update Recommendation: Hold from: 14.11.2024 Target price: EUR 1.60 Target price on sight of: 12 months Last rating change: Analyst: Konstantin Völk Final Q3 results out in line with prelims; chg. est. Topic: Singulus released solid Q3 num [ … ]

Company Name: Singulus Technologies AG ISIN: DE000A1681X5   Reason for the research: Update Recommendation: Hold from: 06.11.2024 Target price: EUR 1.60 Target price on sight of: 12 months Last rating change: Analyst: Konstantin Völk Mixed Q3 preview // guidance looks ambitious Topic: Singulus will release its Q3 report on [ … ]

Recovery of order intake should support growth in FY24e Topic: After a temperate demand from customers in the last fiscal year, FY24e looks more encouraging. With several promising projects in the pipeline, signaled by a strong order intake of € 33m in the first quarter (vs. € 43m in entire FY23), we expect better results for FY24e.  [ … ]

Good start into 2024 and strong order intake; chg. est. Topic: Singulus reported solid Q1 figures with sales and EBIT above our estimates. Order intake came in strong as already announced on the FY23 CC in April. Q1 sales increased 26% yoy to € 20.6m (eNuW: € 18.6m), despite a low order backlog of € 55m end of FY23. Q1 EBIT sto [ … ]

Strong order intake in Q1 should fuel FY24e growth Topic: After a challenging FY23, order intake in the first quarter of FY24e came in at c. € 28m as stated in the CC (vs. only € 43m in total FY23), due to strong demand in the semiconductor segment. Hence, FY24e looks more promising with operating breakeven in reach (eNuW). Solar: I [ … ]

Uninspiring FY23 results, positive outlook for FY24e; chg. est. Topic: Singulus reported uninspiring FY23 figures with top- and bottom-line below the company’s guidance and our estimates. More importantly, FY24 could feature significant sales and EBIT growth. FY23 sales decreased 17% yoy to € 73m (eNuW: € 77m), missing the in  [ … ]

Positive outlook after a challenging 2023 Topic: Singulus looks back at a difficult FY23 due to project postponements and cyclical weakness. Nevertheless, there is sun behind the clouds and FY24e looks more promising. During the first 9M of FY23, the Solar segment showed weakness in order intake due to postponements of larger projects. Howeve [ … ]

Discouraging Q3 results due to project postponements; chg. Topic: Singulus reported disappointing Q3 results below expectations. Sales decreased 39.5% yoy down to € 14.1m (eNuW: € 22.0m) and EBIT came in at € -4.9m (eNuW: € -0.4m). Although we don’t have audited figures on the operating segments, the management gave  [ … ]