control systems of the seats of a wide range of cars; revenues
generated by valves are growing because the lumbar control system
based on the SMA technology is gaining market share. In addition,
the company is currently involved in the development of actuators,
miniaturized and not, for applications in various industrial
sectors, some of which have generated the first orders; other
actuators, such
8
SAES Group Press Release
as the one for the image focus and stabilization in the cameras of
tablets and smart-phones, developed by the subsidiary Actuator
Solutions Taiwan Co., Ltd. are experiencing increasing interest in
the market. The net result was negative and equal to 1.1 million in
the period, as a result of the expenses in research and development
activities related to the various industrial sectors in which the
company will sell its SMA devices. As already mentioned above, the
share of the net result of the joint venture in the first nine
months of 2013 pertaining to the SAES Group amounted to -0.5
million. Significant events occurred after the end of the quarter
No significant event occurred after the end of the third quarter of
2013. Business outlook For the last months of 2013, assuming stable
exchange rates, the business performance is expected to be
substantially in line with that of the third quarter, with the
consolidation of the actions to reduce costs and increase
operational efficiency, and with an increasing focus on products
with higher margins. The company is considering further
rationalization actions that might involve additional non-recurring
charges. The expectation of growth is confirmed as well as the
positive outlook for the joint venture Actuator Solutions. ***
The Officer responsible for the preparation of corporate financial
reports of SAES Getters S.p.A. certifies that, in accordance with
the second subsection of article 154-bis, part IV, title III,
second paragraph, section V-bis, of Legislative Decree February 24,
1998, no. 58, the financial information included in the present
document corresponds to book of account and book-keeping entries.
The Officer responsible for the preparation of corporate financial
reports Michele Di Marco
***
SAES Group
A pioneer in the development of getter technology, the SAES® Group
is the world leader in a variety of scientific and industrial
applications where stringent vacuum conditions or ultra-pure gases
are required. In more than 70 years of activity, the Group's getter
solutions have been supporting innovation in the information
display and lamp industries, in sophisticated high vacuum systems
and in vacuum thermal insulation, in technologies spanning from
large vacuum power tubes to miniaturized silicon-based
microelectronic and micromechanical devices. The Group also holds a
leading position in ultra pure gas refinement for the semiconductor
and other high-tech markets. Starting in 2004, by leveraging the
core competencies in special metallurgy and in the materials
science, the SAES Group has expanded its business into the advanced
material markets, in particular the market of shape memory alloys,
a family of materials characterized by super elasticity and by the
property of assuming predefined forms when subjected to heat
treatment. These special alloys, which today are mainly applied in
the biomedical sector, are also perfectly suited to the realization
of actuator devices for the industrial sector (domotics, white
goods industry, consumer electronics and automotive sector). More
recently, SAES has expanded its business by developing components
whose getter functions, traditionally obtained from the
exploitation of the special features of some metals, are instead
generated by chemical processes. These new products are used in the
OLED promising sectors (Organic Light Emitting Diodes), both for
displays and for lighting and in the photovoltaic one. Thanks to
these new developments, SAES is evolving, adding to its
competencies in the field of special metallurgy also those of
organic chemicals. A total production capacity distributed in
eleven facilities across 3 continents, a worldwide-based sales
& service network and more than 1,000 employees allow the Group
to combine multicultural skills and expertise to form a truly
global enterprise.
9
SAES Group Press Release
SAES Group is headquartered in the Milan area (Italy). SAES Getters
S.p.A. is listed on the Italian Stock Exchange Market, STAR
segment, since 1986. More information on the SAES Group is
available in the website www.saesgetters.com Contacts: Emanuela
Foglia Investor Relations Manager Tel +39 02 93178 273 E-mail:
investor_relations@saes-group.com Laura Magni Group Marketing and
Communication Manager Tel +39 02 93178 252 E-mail:
laura_magni@saes-group.com
10
SAES Group Press Release
Consolidated Net Sales by Business Th o u s an d s of euro (except
%) Bus ines s Electro n ic Devices Lamp s Vacu u m Systems and
Thermal Insulation En ergy Devices Semico n d u cto rs Indus tri al
Applications S hape Memory Alloys Liq u id Crystal Displays Cath o
d e Ray Tubes Org an ic Light Emitting Diodes Information Displays
B us ines s Development Total Net Sales 2013 3 rd Quarter 4,836
2,428 3,226 8 10,617 2 1 ,1 15 9 ,1 63 2 0 191 1 93 -18 3 0 ,4 53
2012 3rd Quarter 5,228 2,472 3,548 99 8,895 2 0 ,2 4 2 1 1 ,8 2 4
142 0 203 345 1 3 2 ,4 1 2 Total difference (% ) -7.5% -1.8% -9.1%
-91.9% 19.4% 4 .3 % -2 2 .5 % -98.6% 0.0% -5.9% -4 4 .1 % n.s . -6
.0 %
P ri ce - Q u a n t i t y e f f e ct (%) Ex ch a n g e rate effect
(%)
-3.4% 4.7% 3.8% -91.3% 26.3% 1 1 .5 % -1 8 .4 % -98.5% 0.0% 6.9% -3
6 .5 % n.s . 0 .1 %
-4.1% -6.5% -12.9% -0.6% -6.9% -7 .2 % -4 .1 % -0.1% 0.0% -12.8% -7
.6 % n.s . -6 .1 %
Industrial Applications Business Unit Electronic Devices Lamps
Vacuum Systems and Thermal Insulation Energy Devices Semiconductors
Shape Memory Alloys Business Unit Shape Memory Alloys (SMA)
Information Displays Business Unit Liquid Crystal Displays (LCD)
Cathode Ray Tubes (CRT) Organic Light Emitting Diodes (OLED)
Business Development Unit Business Development
Getters and metal dispensers for electron vacuum devices and
getters for microelectronic and micromechanical systems (MEMS)
Getters and metal dispensers used in discharge lamps and
fluorescent lamps Pumps for vacuum systems, getters for solar
collectors and products for thermal insulation Getter sealants for
photovoltaic modules and sophisticated getters for energy storage
devices Gas purifier systems for semiconductor industry and other
industries Shape memory alloys both for medical and for industrial
applications Getters and metal dispensers for liquid crystal
displays Barium getters for cathode ray tubes Dispensable dryers
and alkaline metal dispensers for OLED displays Research projects
undertaken to achieve the diversification into innovative
businesses (among which, components for High-Brightness LEDs)
Cons ol i dated Net Sales by Geographic Location of Customer
Thousands of euro 2 01 3 Geog raphi c Area 3 rd Quarter It aly 470
Eu ro p ean countries 5,817 No rt h America 15,433 Jap an 2,118 So
u t h Korea 597 Ch in a 2,866 Res t of Asia 2,953 Res t of the
World 199 Total Net Sales 3 0 ,4 5 3
2 01 2 3 rd Quarter 482 5,667 16,483 2,035 576 1,774 5,216 179 3 2
,4 1 2
11
SAES Group Press Release
Consolidated Income Statement Thousands of euro 2013 3 rd Quarter 3
0 ,4 5 3 (18,970) 1 1 ,4 8 3
R& D expenses Sellin g expenses G& A expenses (3 ,2 9 3 )
(2 ,8 4 5 ) (5 ,6 0 8 )
Total net sales Co s t of sales Gros s profit
2 0 12 3 rd Quarter 3 2,4 1 2 (19,025) 1 3,3 8 7
(3 ,4 1 5 ) (2 ,8 0 8 ) (4 ,9 2 0 )
To tal operating expenses Ro yalties Oth er income (expenses), net
Operating income In teres t and other financial income, net In co
me (loss) from equity method evalueted companies Foreig n exchange
gains (losses), net Income (loss) before taxes In co me taxes Net
income (loss) from continued operations In co me (loss) from assets
held for sale and discontinued operations Net income (loss) before
minority interest Net income (loss) pertaining to minority interest
Net income (loss) pertaining to the group Cons olidated Statement
of Comprehensive Income Thousands of euro
(11,746) 487 152 376 (288) (199) 60 (5 1) (722) (7 7 3) (745) (1 ,5
1 8) 0 (1 ,5 1 8)
(11,143) 541 43 2,8 2 8 (441) (296) 13 2,1 0 4 (1,374) 730 (309)
421 0 421
Profit for the period Exchange differences on translation of
foreign operations Exch an g e differences on equity method
evalueted companies To tal exchange differences Total components
that will be reclassified to the profit (loss) in the future
Actuarial gain (loss) on defined benefit plans Income taxes
Actuarial gain (loss) on defined benefit plans, net of taxes Total
components that will not be reclassified to the profit (loss) in
the future Other comprehensive income (loss), net of taxes Total
comprehensive income (loss), net of taxes a ttribu ta b le to: -
Equity holders of the Parent Company - Minority interests
Consolidated Income Statement by Business Unit Thousands of euro
Indus trial Applications S hape Memory Alloys Information
Displays
2013 3 rd Quarter (1 ,5 1 8) (2,039) 0 (2,039) (2 ,0 3 9) 0 0 0 0
(2 ,0 3 9) (3 ,5 5 7) (3,557) 0
2 0 12 3 rd Quarter 421 (3,347) 0 (3,347) (3,3 4 7) 0 0 0 0 (3,3 4
7) (2,9 2 6) (2,926) 0
Total net sales Co s t of sales Gros s profit (loss) Op eratin g
expenses and other income (expenses) Operating income (loss)
2013 20 12 20 13 201 2 201 3 2 01 2 3 rd Quarter 3 rd Quarter 3 rd
Quarter 3 rd Quarter 3 rd Quarter 3 rd Quarter 2 1 ,1 1 5 2 0 ,2 4
2 9 ,1 6 3 1 1 ,8 2 4 193 3 45 (12,988) (11,231) (5,870) (7,513)
(80) (205) 8 ,1 2 7 9 ,0 1 1 3 ,2 9 3 4 ,3 1 1 113 1 40 (4,494)
(3,354) (2,191) (2,466) (279) (512) 3 ,6 3 3 5 ,6 5 7 1 ,1 0 2 1 ,8
4 5 (1 6 6 ) (3 7 2 )
B us ines s Development & TOTAL Corporate Costs 2 013 2 012 2
013 20 12 3 rd Quarter 3 rd Quarter 3 rd Quarter 3 rd Quarter (1 8
) 1 3 0 ,4 5 3 3 2 ,4 1 2 (32) (76) (18,970) (19,025) (5 0 ) (7 5 )
1 1 ,4 8 3 1 3 ,3 8 7 (4,143) (4,227) (11,107) (10,559) (4 ,1 9 3 )
(4 ,3 0 2 ) 3 76 2 ,8 2 8
12
SAES Group Press Release
Cons olidated Income Statement
prepared pursuant to CONSOB resolution no. 15519 of July 27, 2006
and Communication no. DEM/6064293 of July 28, 2006
Thousands of euro 2013 3 rd Quarter Total net sales Co s t of sales
Gros s profit (loss)
R& D expenses Sellin g expenses G& A expenses
of which: non recurring items 0 (1,025) (1 ,0 25 )
(2 0) (8) (95 7)
2013 3 rd Quarter adjus ted 3 0,4 5 3 (17,945) 1 2,5 0 8
(3 ,2 7 3 ) (2 ,8 3 7 ) (4 ,6 5 1 )
30 ,4 53 (18,970) 11 ,4 83
(3 ,2 9 3 ) (2 ,8 4 5 ) (5 ,6 0 8 )
To tal operating expenses Ro yalties Oth er income (expenses), net
Operating income (loss) In teres t and other financial income, net
In co me (loss) from equity method evalueted companies Foreig n
exchange gains (losses), net Income (loss) before taxes In co me
taxes Net income (loss) from continued operations In co me (loss)
from assets held for sale and discontinued operations Net income
(loss) before minority interest Net income (loss) pertaining to
minority interest Net income (loss) pertaining to the group
EBITDA
Non recurring items - 3rd Quarter 2013 Thousands of euro Cos t of
sales A mo rtiziatio n , depreciation and write down Sev erance and
other personnel indemnities Total effect on cost of sales Operating
expenses A mo rtiziatio n , depreciation and write down Sev erance
and other personnel indemnities Total effect on operating expenses
Total effect on income (loss) before taxes
(11,746) 487 152 3 76 (288) (199) 60 (51 ) (722) (7 73 ) (745) (1
,5 18 ) 0 (1 ,5 18 ) 3 ,0 33
(985) 0 0 (2 ,0 10 ) 0 0 0 (2 ,0 10 ) 319 (1 ,6 91 ) (623) (2 ,3 14
) 0 (2 ,3 14 ) (1 ,6 55 )
(10,761) 487 152 2,3 8 6 (288) (199) 60 1,9 5 9 (1,041) 918 (122)
796 0 796 4,6 8 8
Income 0 190 190 0 83 83 273
Expens es (331) (884) (1 ,21 5 ) (351) (717) (1 ,06 8 ) (2 ,28 3
)
Total (331) (694) (1,0 2 5) (351) (634) (9 8 5) (2,0 1 0)
13
SAES Group Press Release
Consolidated Net Sales by Business Th o u s an d s of euro (except
%) B us i nes s Electro n ic Devices Lamp s Vacu u m Systems and
Thermal Insulation En erg y Devices Semico n d u ct o rs Indus
trial Applications S hape Memory Alloys Liq u id Crystal Displays
Cath o d e Ray Tubes Org an ic Light Emitting Diodes Informati on
Displays B us ines s Development Total Net Sales S eptember 2013
16,388 8,895 8,716 354 34,844 6 9 ,1 9 7 2 9 ,7 8 8 23 0 529 5 52
23 9 9 ,5 6 0 S eptember 2012 15,780 8,667 12,339 161 34,046 7 0 ,9
9 3 3 6 ,7 4 2 745 0 758 1 ,5 0 3 12 1 0 9 ,2 5 0 Total difference
(% ) 3.9% 2.6% -29.4% 119.9% 2.3% -2 .5 % -1 8 .9 % -96.9% 0.0%
-30.2% -6 3 .3 % 9 1 .7 % -8 .9 %
P r i ce - Q u a n t i t y Ex ch a n g e rate effect effect (%)
(%)
6.3% 6.3% -23.1% 120.3% 5.2% 1 .0 % -1 6 .8 % -96.5% 0.0% -24.3% -6
0 .1 % 9 5 .1 % -5 .9 %
-2.4% -3.7% -6.3% -0.4% -2.9% -3 .5 % -2 .1 % -0.4% 0.0% -5.9% -3
.2 % -3 .4 % -3 .0 %
Cons olidated Net Sales by Geographic Location of Customer
Thousands of euro S eptember S eptember Geog raphic Area 2013 2012
Italy 1,627 1,444 Euro p ean countries 19,006 18,084 No rth America
48,972 53,272 Jap an 4,968 7,235 Sou th Korea 2,236 7,784 Chin a
11,974 8,462 Res t of Asia 10,138 12,380 Res t of the World 639 589
Total Net Sales 9 9,5 60 1 0 9,2 50
14
SAES Group Press Release
Consolidated Income Statement Thousands of euro September 2013 99
,5 60 (59,777) 39 ,7 83
R& D expenses Sellin g expenses G& A expenses (1 1 ,1 7 7 )
(9 ,0 9 6 ) (1 6 ,1 2 5 )
Total net sales Co s t of sales Gros s profit
S eptember 2012 1 0 9,2 50 (63,152) 4 6,0 98
(1 0 ,8 3 0 ) (9 ,3 7 1 ) (1 6 ,4 3 2 )
To tal operating expenses Ro yalties Oth er income (expenses), net
Operating income (loss) In teres t and other financial income, net
In co me (loss) from equity method evalueted companies Foreig n
exchange gains (losses), net Income (loss) before taxes In co me
taxes Net income (loss) from continued operations In co me (loss)
from assets held for sale and discontinued operations Net income
(loss) before minority interest Net income (loss) pertaining to
minority interest Net income (loss) pertaining to the group Cons
olidated Statement of Comprehensive Income Thousands of euro
(36,398) 1,559 247 5 ,1 91 (749) (550) 66 3 ,9 58 (2,535) 1 ,4 23
(1,243) 1 80 0 1 80
(36,633) 1,698 572 1 1,7 35 (1,353) (718) (168) 9,4 96 (4,710) 4,7
86 (808) 3,9 78 0 3,9 78
Profit for the period Exchange differences on translation of
foreign operations Exch an g e differences on equity method
evalueted companies To tal exchange differences Total components
that will be reclassified to the profit (loss) in the future
Actuarial gain (loss) on defined benefit plans Income taxes
Actuarial gain (loss) on defined benefit plans, net of taxes Total
components that will not be reclassified to the profit (loss) in
the future Other comprehensive income (loss), net of taxes Total
comprehensive income (loss), net of taxes a ttribu ta b le to: -
Equity holders of the Parent Company - Minority interests
September 2013 1 80 (1,987) 0 (1,987) (1 ,9 87 ) 0 0 0 0 (1 ,9 87 )
(1 ,8 07 ) (1,807) 0
S eptember 2012 3,9 78 (990) 0 (990) (9 9 0) 0 0 0 0 (9 9 0) 2,9 88
2,988 0
15
SAES Group Press Release
Cons olidated Income Statement
prepared pursuant to CONSOB resolution no. 15519 of July 27, 2006
and Communication no. DEM/6064293 of July 28, 2006
Thousands of euro September 2013 Total net sales Co s t of sales
Gros s profit (loss)
R& D expenses Sellin g expenses G& A expenses
of which: non recurring items 0 (475) (4 75 )
(16 0) (32 4) (1 ,0 3 7 )
S eptember 2013 adjus ted 9 9,5 60 (59,302) 4 0,2 58
(1 1 ,0 1 7 ) (8 ,7 7 2 ) (1 5 ,0 8 8 )
99 ,56 0 (59,777) 39 ,78 3
( 1 1 ,1 7 7 ) (9 ,0 9 6 ) ( 1 6 ,1 2 5 )
To tal operating expenses Ro yalties Oth er income (expenses), net
Operating income (loss) In teres t and other financial income, net
In co me (loss) from equity method evalueted companies Foreig n
exchange gains (losses), net Income (loss) before taxes In co me
taxes Net income (loss) from continued operations In co me (loss)
from assets held for sale and discontinued operations Net income
(loss) before minority interest Net income (loss) pertaining to
minority interest Net income (loss) pertaining to the group EBITDA
Non recurring items - September 2013 Thousands of euro Cos t of
sales A mo rtiziatio n , depreciation and write down Sev erance and
other personnel indemnities Total effect on cost of sales Operating
expenses A mo rtiziatio n , depreciation and write down Sev erance
and other personnel indemnities Total effect on operating expenses
Total effect on income (loss) before taxes
(36,398) 1,559 247 5 ,1 91 (749) (550) 66 3 ,9 58 (2,535) 1 ,4 23
(1,243) 1 80 0 1 80 12 ,71 7
(1,521) 0 0 (1 ,9 96 ) 0 0 0 (1 ,9 96 ) 297 (1 ,6 99 ) (767) (2 ,4
66 ) 0 (2 ,4 66 ) (1 ,6 41 )
(34,877) 1,559 247 7 ,1 87 (749) (550) 66 5 ,9 54 (2,832) 3 ,1 22
(476) 2 ,6 46 0 2 ,6 46 1 4,3 58
Income 0 781 781 0 245 245 1 ,0 2 6
Expens es (331) (925) (1 ,25 6 ) (351) (1,415) (1 ,76 6 ) (3 ,02 2
)
Total (331) (144) (4 7 5) (351) (1,170) (1,5 2 1) (1,9 9 6)
16
SAES Group Press Release
Consolidated Statement of Financial Position Thousands of euro Prop
erty , plant and equipment, net In tan gib le assets, net Oth er
non current assets Curren t assets A s s ets held for sale Total
Assets Shareh o ld ers ' equity M in o rity interest in
consolidated subsidiaries Total Shareholders' Equity No n current
liabilities Curren t liabilities Liabilities held for sale Total
Liabilities and Shareholders' Equity
Consol i date d Income (Loss) per S hare
September 30, 2013 51,074 46,592 20,734 71,655 2,056 1 9 2,1 1 1
102,455 3 1 0 2,4 5 8 17,033 72,620 0 1 9 2,1 1 1
June 30, 2013 December 31, 2012 54,702 55,964 48,929 41,563 20,396
20,161 73,776 76,717 0 0 1 9 7,8 0 3 1 9 4,4 05 106,012 114,227 3 3
1 0 6,0 1 5 1 1 4,2 30 17,281 33,441 74,507 46,734 0 0 1 9 7,8 0 3
1 9 4,4 05
Euro
S e pte mbe r 2013 Net income (loss) per ordinary share Net income
(loss) per savings share 0.0000 0.0244 S e pte mbe r 2012 0.1748
0.1916
Cons oli dated Net Financial Position Thousands of euro September
30, 2013 Cas h on hands Cas h equivalents Cas h and cash
equivalents Current financial assets Ban k overdraft Curren t
portion of long term debt Relat ed parties financial liabilities Ot
h er current financial liabilities Current financial liabilities
Current net financial position Lo n g term debt, net of current
portion Ot h er non current financial liabilities Non current
liabilities Net financial position 20 13,945 1 3 ,9 65 1 ,2 47
(31,541) (19,901) 0 (2,067) (5 3 ,5 0 9) (3 8 ,2 9 7) (80) (3,475)
(3 ,5 5 5) (4 1 ,8 5 2) J une 30, 2013 19 15,779 1 5 ,7 9 8 124
(26,820) (22,268) 0 (2,443) (5 1 ,5 3 1 ) (3 5 ,6 0 9 ) (80)
(3,607) (3 ,6 8 7 ) (3 9 ,2 9 6 ) March 31, 2013 20 15,139 1 5 ,1 5
9 0 (13,086) (6,624) (1,007) (1,358) (22 ,0 7 5 ) (6 ,9 1 6 )
(18,005) (50) (18 ,0 5 5 ) (24 ,9 7 1 ) December 31, 2012 16 22,594
2 2,6 1 0 114 (10,051) (6,476) (2,019) (1,276) (1 9 ,8 22 ) 2 ,9 0
2 (19,179) (54) (1 9 ,2 33 ) (1 6 ,3 31 )
17
SAES Group Press Release
Actuator Solutions - SAES Group interest (50% ) Thousands of euro
Statement of Financial Position No n current assets Cu rren t
assets Total Assets No n current liabilities Cu rren t liabilities
Total Liabilities Cap ital stock, reserves and retained earnings
Net income (loss) for the period Oth er comprehensive income (loss)
for the period Total Equity Income Statement To tal net sales Co s
t of sales To tal operating expenses Oth er income (expenses), net
Operating income In teres t and other financial income, net In co
me taxes Net income (loss) S eptember 30, 2013 2,839 1,371 4 ,2 1 0
126 1,228 1 ,3 5 3 3,407 (550) 0 2 ,8 5 7 S eptember 2013 3,762
(3,492) (1,205) 124 (8 1 2 ) 23 240 (550) J une 30, December 31,
2013 2012 2,744 2,405 1,255 2,108 3 ,9 9 9 4,5 1 3 61 35 882 1,071
943 1,1 0 6 3,407 4,236 (351) (829) 0 0 3 ,0 5 6 S eptember 2012
2,102 (2,223) (879) (1) (1 ,0 0 0) 8 274 (7 1 8 ) 3,4 0 7
18
Grafico Azioni SAES Getters (BIT:SGR)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni SAES Getters (BIT:SGR)
Storico
Da Nov 2023 a Nov 2024
