Demand from the automotive industry was good. As expected, the weakness in the semiconductor equipment manufacturing market continued in the 1st quarter 2013.
The reduction in Group sales of 4.1 percent to 132.0 million euros was primarily attributable to a weak semiconductor industry and postponement of sales to subsequent periods.
At 10.6 million euros, the Group EBIT came in slightly below the level for the previous year (prev. year 11.6 million euros) in spite of further expansion of distribution and R+D activities. It was characterized by a doubling of the EBIT in the Metrology segment.
After reaching 74.5 million euros at the end of at December 2012, net debt was reduced further to 72.0 million euros. The shareholders’ equity quota exceeded the 50 percent mark.
As a result of the weakness in the semiconductor market, the Lasers & Optical Systems segment posted a fall in sales and earnings. The Metrology segment reported strong growth in both sales and EBIT, while the Defense & Civil Systems segment reported lower sales and earnings.
At 132.0 million euros, the order intake was at the same level as sales, the book-to-bill ratio was consequently 1.00.
The Executive Board reaffirms the forecast and continues to expect a small rise in sales of up to 5 percent for the full year 2013, with a Group EBIT generated in the operating business of between 50 and 55 million euros. Costs for process and location optimization in the middle single figure million euro range will also impact on the EBIT.