saes getters spa (SG) Details
SAES Getters S.p.A. develops, manufactures, and markets getters and other components for use in displays and other industrial applications. The company operates in three segments: Industrial Applications, Shape Memory Alloys, and Information Displays. The Industrial Applications segment offers getters and dispensers used in a range of industrial applications, such as lamps, electronic devices, vacuum systems and vacuum thermal insulation solutions, solar collectors, photovoltaic modules, energy storage devices, and semiconductors, as well as in other industries that use pure gases in their processes. The Shape Memory Alloys segment provides raw materials, semi-finished products components, and shape memory alloy devices for medical and industrial applications. The Information Displays segment offers getters, dispensers, and dryers used in displays. SAES Getters S.p.A. serves automotive, consumer electronics, domotic, lighting, medical devices, renewable energy and thermal insulation, scientific equipment and research facilities, semiconductors manufacturing, telecom, and avionics sectors. The company was founded in 1940 and is headquartered in Lainate, Italy. SAES Getters S.p.A. is a subsidiary of S.G.G. Holding S.p.A.
Last Reported Date: 03/28/13
Founded in 1940
saes getters spa (SG) Top Compensated Officers
SAES Getters SpA Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Year Ending 2013
May 9 13
SAES Getters SpA reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total net sales of EUR 36,172,000 compared to EUR 39,625,000 a year ago. Operating income was EUR 2,967,000 compared to EUR 4,538,000 a year ago. Income before taxes was EUR 2,433,000 compared to EUR 3,844,000 a year ago. Net income from continuing operations was EUR 1,037,000 compared to EUR 1,578,000 a year ago. Net income pertaining to the group was EUR 1,037,000 against EUR 1,663,000 a year ago. Total comprehensive income attributable to the equity holders of the parent company was EUR 2,970,000 or EUR 0.0010 per share compared to total comprehensive loss attributable to the equity holders of the parent company of EUR 881,000 or EUR 0.0437 per share a year ago. Consolidated EBITDA amounted to EUR 5.4 million in the first quarter of 2013, down when compared to EUR 7.2 million in the corresponding quarter of 2012.
In the reminder of 2013 the increase in consolidated revenues, compared to the second half of 2012. Also total revenues of the Group, that includes the share of the revenues of the joint venture Actuator Solutions GmbH, will increase compared to the previous year. The management continues its actions to contain costs and to increase the operating efficiency in all the Group's companies, in order to improve margins. These actions could generate non recurring expenses.
SAES Getters SpA Reports Consolidated and Company Earnings Results for the Year 2012; Proposes Dividend, Payable on May 3, 2013; Reports Consolidated Revenue Results of the First Two Months of 2013; Provides Earnings Guidance for 2013
Mar 13 13
SAES Getters SpA reported consolidated and company earnings results for the year 2012. For the period, on consolidated basis, the company reported total net sales of EUR 142,473,000 compared to EUR 148,644,000 a year ago. Operating income was EUR 11,349,000 compared to EUR 12,878,000 a year ago. Income before taxes was EUR 8,748,000 compared to EUR 11,070,000 a year ago. Net income from continuing operations was EUR 3,254,000 compared to EUR 15,342,000 a year ago. Total comprehensive income attributable to the equity holders of the parent company was EUR 1,984,000 or EUR 0.1459 per share compared to EUR 19,210,000 or EUR 0.7034 per share a year ago. Net cash provided by operating activities was EUR 19,260,000 compared to EUR 18,842,000 a year ago. Purchase of intangible assets was EUR 199,000 compared to EUR 38,000 a year ago. Purchase of property, plant and equipment, net of proceeds from sales EUR 4,788,000 compared to EUR 4,200,000 a year ago. Consolidated EBITDA was equal to EUR 21.7 million, compared to EUR 25.3 million in 2011.
For the period, the company reported total net sales of EUR 4,685,000 compared to EUR 3,852,000 a year ago. Operating loss was EUR 18,404,000 compared to EUR 17,570,000 a year ago. Income before taxes was EUR 4,800,000 compared to loss before taxes of EUR 7,719,000 a year ago. Net income from continuing operations was EUR 8,495,000 compared to EUR 2,022,000 a year ago. Net income was EUR 8,495,000 compared to EUR 2,022,000 a year ago. Net cash used in operating activities was EUR 19,681,000 compared to EUR 13,820,000 a year ago. Purchase of intangible assets was EUR 150,000 compared to EUR 17,000 a year ago. Purchase of property, plant and equipment, net of proceeds from sales EUR 3,336,000 compared to EUR 1,892,000 a year ago.
The board proposed a dividend of EUR 0.400000 per ordinary share and of EUR 0.555175 per savings share through the distribution of the entire 2012 net income of company and of part of the available reserve 'retained earnings'. The dividend can be collected starting from next May 3, 2013. The share will trade ex-dividend starting from April 29, 2013.
Consolidated revenues of the first two months of 2013 equal to EUR 22.6 million, down when compared to EUR 26.6 million achieved in the first two months of 2012, but increased (+15%) when compared to the last two months of 2012. Including also the MEMS royalties, revenues for the first two months of 2013 would have amounted to EUR 22.8 million, while the consolidated revenues for the first two months of 2012 would have been EUR 26.9 million.
In the forthcoming months of 2013 the positive trend that has begun in the first two months of the year will continue.