Singulus narrows 2015 loss, increases revenue

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German equipment supplier Singulus Technologies AG narrowed its operating loss while boosting overall revenues in its growing solar division last year.

The company posted an operating loss (before interest and tax) of between €33 and €35 million, down from a €49.1 million loss the previous year, according to its preliminary 2015 results. Sales amounted to some €84 million, up from €66.8 million a year ago. Singulus’ order intake grew from €60 million to €96 million year over year, while its order backlog rose from €14 million to €26 million.

Write-offs and other restructuring costs had squeezed the company’s operating result. While EBIT, sales and order intake in the group’s solar division increased year over year, the company’s optical disc segment performed weakly in view of falling demand, particularly in the case of its Blu-ray Disc Bluline II production system. Waning sales led Singulus to write down replication lines of the Bluline II type for Blu-ray Discs. The company expects only a few new orders for these production systems in the future as disc manufacturers are focusing on the new Ultra HD Blu-ray Disc. As a result, Singulus expects future investment to be mainly in production equipment for Ultra HD Blu-ray Discs.

In the past few years, Singulus has sharpened its focus on the solar segment, developing new production solutions for the industry, including production equipment for thin-film solar cells, like the vacuum machines Vistaris and Cisaris, as well as for crystalline high efficiency cells, such as the Silex II machines. The company said it received successful orders last year.