Interim Report, Q2, three months ended 30 June 2013

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Interim Report, Q2, three months ended 30 June 2013

Positive performance in Q2

"Our revenue showed more than expected growth in Q2, well supported by sales to a number of one-off projects. Our main focus during the period was on implementing the strategy launched in 2012, and we are beginning to see the initial results of our efforts. On this background, we are upgrading our full-year guidance."

Kalle Hvidt Nielsen, CEO

Highlights of the quarter

  • Revenue totalled DKK 87.3 million, up from DKK 76.0 million in Q2 2012 (+14.8%). The revenue was positively affected by silicon sales to a number of one-off projects.  
  • The contribution margin for Q2 was 48.7%, the same level as in Q2 2012.  
  • Other external costs and staff costs were down by DKK 0.8 million from DKK 31.7 million in Q2 2012 to DKK 30.9 million in Q2 2013. Q2 2013 included interim costs of about DKK 1 million due to parallel production lines at two locations in Frederikssund.  
  • Operating profit before depreciation and amortisation (EBITDA) was DKK 11.6 million in Q2 2013 against DKK 5.3 million in Q2 2013, bringing the EBITDA margin to 13.3% against 7.7% in Q2 2012.
  • Working capital increased by DKK 19.9 million as compared with the amount at year-end 2012. This increase was a result of lower payables and higher receivables due to increased sales offset by inventory reduction. 
  • There was a cash outflow from operating activities of DKK 9.1 million in Q2 2013, and DKK 6.0 million was invested in production equipment and product development.  
  • New product qualifications were initiated during the period, and samples of 200mm NTD silicon wafers were sent to several customers.
  • The construction of the new plant was completed in early April. Depreciation of investments related to the plant was made in the whole of Q2.

Outlook for 2013

Based on the good revenue performance resulting primarily from increased sales for one-off projects in the second quarter of the year and unchanged expectations for H2 2013, Topsil now upgrades its full-year forecast. The guidance for 2013 is increased to revenue in the region of DKK 300 million and EBITDA in the region of DKK 20 million from the previous guidance of revenue of at least DKK 290 million and EBITDA of at least DKK 13 million.

         Any queries regarding this stock exchange announcement may be addressed to the company's CEO and CFO through: Christina Fris Bjørling, Communications, tel.: +45 2152 1011          Unsubscribe: investor@topsil.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

EMCO's New Automated Facility Could Shake Industry

Updated Category News Views 24

A Novel Leap in Production Capacity EMCO Industries just put a solid foot on the accelerator with their brand-new, shiny, fully automated plant over in Claremore, Oklahoma. If you're glancing at heavy-duty trailer springs, you can't ignore the fact that this is a multimillion-dollar investment. Heck, this monstrous 30,000-square-foot facility more than doubles what EMCO...

Continue Reading
Decoding CarBravo-Certified vs Traditional Used Cars

Updated Category News Views 22

What’s Behind Door Number One: CarBravo Certification When you walk onto a car lot these days, it's a mixed bag: shiny badges boasting certifications or basic used car signage. For anyone who's spent time around cars, two types stick out—there’s your CarBravo-certified vehicles and your good ol' used cars. Now, Marissa McCoy and Jill Maniaci from Heidebreicht...

Continue Reading
U. of Phoenix and LACCD Launch 3+1 Degree Pathway

Updated Category News Views 22

Opening the Floodgates for Ambitious Community College Students When it comes to climbing the educational ladder, not everyone starts at the same rung. That's a fact we've all come to terms with in one way or another. Enter the University of Phoenix and the Los Angeles Community College District with a solution to expand educational access. The 3+1 Program: A Cost-Saving...

Continue Reading
C3EL Expands Federal Footprint with Strategic Contracts

Updated Category News Views 10

Pushing Boundaries in Federal Contracts What a ride C3EL's had in Government Fiscal Year 2026! Let me tell you, they’ve bagged a bunch of contracts that’d make any company’s mouth water. Kicking things off, they snagged a prime cybersecurity contract from the U.S. Air Force. Considering our current cybersecurity landscape, that's like striking gold. But they...

Continue Reading
Duke Energy's Cost-Protection Plan Shields Ratepayers

Updated Category News Views 21

Shielding Customers From Data Center Costs Let's get right into the thick of it: Duke Energy's latest move is a strategic one, shrouded in industry terms but with a real impact on regular folks' wallets. The company's agreement with heavyweights like Amazon, Google, and Meta aims to protect existing customers in North Carolina from getting hit with the costs of powering...

Continue Reading
Merit Expands in New York with Bold Acquisition Move

Updated Category News Views 23

Merit Financial's Growth Trajectory Takes a Leap You watch the movers and shakers in this game long enough, and you start to see patterns. Merit Financial Advisors is one of those juggernauts you'd better keep an eye on. These folks just scooped up Moldenhauer & Associates—a firm that's been a staple in Orchard Park, New York—for a cool $1.1 billion worth of client...

Continue Reading
Wally Disrupts Dental Industry with $25M Funding

Updated Category News Views 26

A New Breath of Fresh Air for Dental Care Dental visits—a tedious, costly affair we've all dreaded. So, when Wally rolls out an overhaul in this stale landscape, it's worth taking notice. With $25 million in their pockets from Series A funding led by Maveron, Wally's swaggering in with a plan to flip the script on dental care across the nation. Redefining the Dental...

Continue Reading
OCI N.V. Secures a Win in Court; EGM Proceeds as Planned

Updated Category News Views 25

OCI Dodges a Bullet in Amsterdam Court Stepping into the courtroom drama, OCI N.V. just took home a win as the Amsterdam Court of Appeal's Enterprise Chamber gave them a clean bill of health, kicking out the inquiry request from VEB and a bunch of other shareholders. The judges weren't convinced there was anything fishy going on, so they tossed the inquiry petition and...

Continue Reading
Gong, Agentforce, Avoma Crowned 2026 CI Champions

Updated Category News Views 29

Diving Deep into Conversation Intelligence There's a lot to unpack when three software titans hog the spotlight, and that's exactly what's happening in the world of conversation intelligence this year. It's like we've hit the jackpot with Gong, Agentforce Sales, and Avoma carving out their turf as the 2026 Champions, according to the venerable Info-Tech Research Group....

Continue Reading
HelloNation Brings 'Edvertising' to NC REALTORS® Event

Updated Category News Views 26

HelloNation's Bold Step into Real Estate Networking October 8th to the 11th is shaping up to be a pivotal few days in Wilmington, North Carolina. Here’s the scoop: HelloNation, known for its innovative 'edvertising' model, is joining the bustling crowd at the 2026 NC REALTORS® Convention. This isn’t just any get-together—it's the grandest annual jamboree for real...

Continue Reading

Top 5 Most Recently Viewed Articles

Longboard Pharmaceuticals Launches Phase 3 Study for Bexicaserin

Updated Category News Views 177

Alright, let’s slice into this. Longboard Pharmaceuticals, Inc. (Nasdaq: LBPH) is stepping up with its global Phase 3 DEEp SEA Study—an ambitious clinical trial centered on bexicaserin aimed at tackling the nasty seizures associated with Dravet syndrome. This isn’t just some side project; it's a significant leap for a company that's planted its flag firmly in the...

Continue Reading
Understanding the Current Options Trends for UPS Stock

Updated Category News Views 75

Analyzing the Options Activity of United Parcel Service Investors with substantial capital have taken a notably bearish view regarding United Parcel Service. Evaluating options activity for this prominent company, we observe that there have been a total of 9 trades recorded. Upon further inspection, it's evident that only 11% of these trades were initiated with bullish...

Continue Reading
GDS Holdings Completes Successful C-REIT IPO on Shanghai Exchange

Updated Category News Views 149

GDS Holdings Limited Celebrates C-REIT IPO Success GDS Holdings Limited, known as GDS, is thrilled to announce that it has successfully completed its initial public offering of its China REIT, or C-REIT, on the Shanghai Stock Exchange. This milestone marks an exciting moment for the company and its stakeholders as market interest surpassed expectations. Highlighting the...

Continue Reading
Executive Leadership Changes at International Paper Announced

Updated Category News Views 277

Executive Leadership Changes at International Paper Announced International Paper, a global leader in the paper and packaging industry, has made significant strides by appointing new leaders to its executive team. These changes aim to enhance the company's strategic direction and operational efficacy. Tim Nicholls has been appointed as Executive Vice President and...

Continue Reading
Understanding Prosafe SE's Latest Share Trading Dynamics

Updated Category News Views 362

Overview of Prosafe SE's Share Trading In the ever-evolving landscape of financial markets, shareholders of Prosafe SE are navigating a pivotal moment. With important decisions on the horizon, the recent announcements regarding the issuance of warrants cannot be overlooked. Extraordinary General Meeting and Warrants On a notable day, the Company—Prosafe SE—called...

Continue Reading