Singulus Technologies (SNG) Q3 2024 earnings summary

Executive summary

• Sales reached €61.0 million for the first nine months of 2024, up from €55.8 million year-over-year; Q3 sales were €20.3 million, up from €14.1 million.

• EBIT turned positive at €1.9 million for the nine-month period (2023: €-5.6 million); Q3 EBIT was €0.6 million (2023: €-4.9 million).

• Order intake surged to €70.8 million for the first nine months (2023: €32.3 million), with order backlog at €68.7 million as of September 30, 2024.

• Gross profit margin improved to 32.3% from 24.3% year-over-year.

Financial highlights

• Q3 2024 sales were €20.3 million, up from €14.1 million in Q3 2023.

• EBIT for Q3 2024 was €0.6 million, compared to €-4.9 million in Q3 2023.

• Unrestricted cash and cash equivalents stood at €7.0 million as of September 30, 2024 (2023: €12.5 million).

Outlook and guidance

• Sales forecast for 2024 revised to €80.0–90.0 million, with EBIT expected between €1.0–3.5 million.

• Achieving targets depends on timely project completions and securing further orders in solar, life science, and semiconductor segments.