The company confirmed the previous forecast for the full year, which sees sales, EBITDA margin and earnings per share “significantly” below the previous year and investments slightly above the previous year, in an investor presentation. However, Siltronic painted a cautious picture for the rest of the year. The company, which is listed in the MDAX and TecDAX, does not expect any recovery in the second half of the year, the reduction in inventories by customers at various stages of the supply chain will reduce wafer demand by more than 10 percent compared to the previous year. Demand will stagnate in the other end markets.
In the period from January to March, operating earnings before interest, taxes, depreciation and amortization (EBITDA) fell to 125.2 million euros from 186 million euros in the same quarter of the previous year. The corresponding margin deteriorated to 31 percent from 44.6 percent. This was within the range of 30 to 33 percent that Siltronic itself had promised.
After taxes, the profit amounted to 72.5 (previous year: 115) million euros, of which 66.1 million were attributable to the shareholders. Earnings per share fell to 2.20 from 3.47 euros.
Sales fell by almost 13 percent to 404.4 million euros.
On Thursday, Siltronic shares temporarily dropped 1.80 percent to EUR 60.05 via XETRA.
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