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SEZ Group Confirms Expectations for First Quarter 2006
- Record order intake of CHF 91.3 million
- Net sales of CHF 68.9 million and EBIT margin of 1.0 percent
- Significant improvement in sales and margin expected for second quarter 2006
In its 2006 first quarter, the SEZ Group (SWX Swiss Exchange: SEZN) realized a record order intake of CHF 91.3 million. Compared to the prior quarter, this was an increase by 1.8 percent, and compared to the same period in the previous year, an increase by 32.3 percent.
The SEZ Group also confirmed net sales of CHF 68.9 million in the first quarter 2006. Operating profit (EBIT) was CHF 0.7 million, corresponding with an EBIT margin of 1.0 percent. In addition, net profit accounted for CHF 1.5 million or 2.2 percent of net sales.
The SEZ Group had a very good start into the second quarter with a healthy backlog of CHF 82.8 million. For the April to June 2006 period, SEZ confirms its expectation for significantly higher net sales at more than CHF 90 million with an EBIT margin of over 5 percent.
Quarterly key figures (unaudited)
in CHF million | Q1/06 | Q4/05 | Q1/05 | Order intake | 91.3 | 89.7 | 69.0 | Net sales | 68.9 | 80.2 | 79.0 | Operating profit (EBIT) | 0.7 | 6.1 | 4.8 | Net profit | 1.5 | 5.6 | 3.9 | Order backlog end of quarter | 82.8 | 58.8 | 67.2 | Book-to-bill-ratio | 1.32 | 1.12 | 0.87 |
Average exchange rates January – March 2006:
EUR/CHF 1.55895; USD/CHF 1.29685
This press release includes tables of the results for consolidated income statements and balance sheets for SEZ Group's first quarter 2006 figures.
Upcoming Financial Dates
10 July 2006 Press release on preliminary sales and order situation for first half of 2006
About SEZ Group
The SEZ Group is the leading provider of single-wafer, wet-clean processing solutions for the global semiconductor industry, with an installed base of over 850 tools. The company maintains operations in Europe, Asia-Pacific, Japan and North America. Since 1996, registered shares of SEZ Holding Ltd. have been traded on the SWX Swiss Exchange under the symbol SEZN. Additional information about the company is available on the Internet at http://www.cez.com/.
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