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SSE Sister Semiconductor Equipment Group N.V. announces postponement of orders due to unstable economic environment
SSE Sister Semiconductor Equipment Group N.V. / Development of Sales/Profit Warning Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- SSE Group N.V. hereby announces the postponement of orders by some customers in the course of the trade fair SEMICON 2008 Europe 2008, where its 100% subsidiary SSE Sister Semiconductor Equipment GmbH was presenting from October 07 – 09, 2008. These postponements are due to the growing concerns about the future economic cycle and the further impacts from the ongoing crisis of the financial markets. In spite of the positive business development in the first nine months of 2008, SSE Sister Semiconductor Equipment GmbH now expects that the sales target of approx. EUR 8.5 million for the year will be missed. The management can also no longer exclude the possibility of incurring a net loss for the fiscal year. Against this background the company is currently evaluating several strategic options to adapt adequately to the deteriorating market environment and to secure the liquidity of SSE Sister Semiconductor Equipment GmbH. For further information about the company please visit our websites www.sse-nv.com and www.sse-semi.com. About SSE: SSE Sister Semiconductor Equipment Group N.V. is a global supplier of capital equipment for lithography processing of wafers and substrates for use in the production of sensors and MEMS for the automotive applications, biotechnical and medical applications, nanotechnologies, photovoltaic for space applications, large substrates (FPD), Semiconductor and Optoelectronic. 10.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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