NuWays AG Recommends Holding Singulus Technologies AG Shares

Singulus Technologies AG has published preliminary Q3 figures showing significant sales growth and improved EBIT. Sales increased by 44% year-on-year to €20.3 million, driven by a strong order backlog. EBIT reached €0.7 million, surpassing expectations due to a profitable Semiconductor Segment.

Order intake surged by 126% annually, resulting in a robust €69 million backlog. Cost-saving strategies, such as transferring assembly work to China, are also in effect. Despite Q4 sales estimates remaining steady, a revised FY sales forecast reflects delayed Solar segment orders.

The current FY guidance suggests sales of €80-90 million and EBIT between €1.0-3.5 million, although the EBIT forecast is cautious. Long-term viability depends on achieving sustainable profitability. NuWays AG maintains a "Hold" recommendation with a target price of €1.60.