Singulus' final 2020 financial statements would be delayed »beyond March 31«
Post date: 22/03/2021 - 10:44
According to preliminary figures, German solar module equipment provider Singulus Technologies AG reports an order backlog of around €76.0 million ($90.4 million) at the end of December 2020. Revenues in 2020 were in a range of €33.0 to 34.0 million ($39.2 to 40.4 million). For operating earnings before interest and taxes (EBIT), the company expects a range of minus €38.0 to €39.0 million. Singulus currently has sufficient cash and cash equivalents to finance its ongoing business, stated the company.
Singulus has reportedly reached an agreement with the holders of more than 25 percent of the total bond volume of €12.0 million to adjust key terms of the bond. Thus, a renewed term of another five years until July 2026 and a reduction in interest payments for the extended term were agreed. The publication of the final 2020 financial statements would be delayed »beyond March 31, 2021, due to the ongoing negotiations on the refinancing or extension of the long-term debt.«