SUSS MicroTec SE
ISIN: DE000A1K0235
WKN: A1K023
07 November 2024 07:30AM

EQS-News: SUSS continues to grow highly profitably in the third quarter

SUSS MicroTec SE · ISIN: DE000A1K0235 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2024261

EQS-News: SUSS MicroTec SE / Key word(s): 9 Month figures/Quarter Results
SUSS continues to grow highly profitably in the third quarter

07.11.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Significant growth in sales, gross profit margin and EBIT margin in the third quarter of 2024
  • Order book of € 430.8 million ensures high visibility well into 2025
  • Management Board confirms forecast for the 2024 financial year

Garching, November 7, 2024 – SUSS, a leading manufacturer of equipment and process solutions for the semiconductor industry, today published its quarterly statement for the third quarter 2024 and continued the growth trajectory of the previous quarters. “At the beginning of this year, we said that in 2024 it would be important to reliably execute our well-filled order book and grow profitably,” says Burkhardt Frick, CEO of SUSS. “We achieved this in the third quarter with sales of € 102.5 million and an EBIT margin of 16.9%. This makes the third quarter our most successful quarter so far this year.”

After nine months, sales rose by 46% to € 295.3 million (previous year: € 202.3 million). “Our efforts to increase production capacity are paying off. We are delivering more tools to our customers this year than ever before in our company's history,” says Dr. Thomas Rohe, COO of SUSS. With a total value of € 430.8 million as of 30 September 2024, the order book remains very high and will ensure high capacity utilization well into 2025, particularly at our production sites in Sternenfels (Germany) and Hsinchu (Taiwan). Dr. Thomas Rohe: “It is important for us not only to meet the current high demand, but also to prepare our company for further targeted growth in the coming years. That is why we have decided to rent a new, larger production site in Taiwan.” As already announced in a press release on November 4, 2024, the Zhubei site is located 10 kilometers from the existing production facility in Hsinchu, is scheduled to be moved into in the second half of 2025 and offers the potential to approximately double production under clean room conditions.

Despite the focus on capacity expansion and growth, SUSS has significantly improved its profitability in the course of 2024. At 39.0%, the gross profit margin in the third quarter of 2024 was significantly higher than the previous year's low figure of 29.4%. Respectively for the first nine months, our gross profit margin increased from 33.5% to 39.6%. “It is very pleasing that both segments contributed equally to this significant improvement, in particular thanks to a very positive product and customer mix,” says Dr. Cornelia Ballwiesser, CFO of SUSS. While the gross profit margin in the Advanced Backend Solutions segment increased from 35.2% to 41.6% in the first three quarters, it climbed from 29.2% to 35.5% in the Photomask Solutions segment. Both segments contributed to the sales increase with growth rates of 42.1% (Advanced Backend Solutions) and 55.9% (Photomask Solutions). The Group's EBIT margin increased significantly to 16.1% after the first nine months of the current financial year (previous year: 6.3%).

In view of the positive development of business to date, the Management Board of SUSS MicroTec SE has confirmed the forecast for the 2024 financial year, which was raised in July, in the quarterly statement published today. The Management Board continues to expect sales of between € 380 and 410 million, a gross profit margin of 38 to 40% and an EBIT margin of 14 to 16%. All three financial figures are expected to be achieved well in the upper half of the respective forecast range.

With a volume of € 84.0 million, order intake in the third quarter was below the previous year's figure of € 103.0 million and below the average new business of the first two quarters. In total, order intake after nine months amounted to € 276.2 million and was therefore slightly below the previous year's figure of € 281.2 million. “This trend with a more moderate third quarter comes as no surprise to us,” explains Burkhardt Frick. “Especially demand from Chinese customers is normalizing after a long period of exceptionally high orders, as other semiconductor equipment manufacturers also reported. Outside of China, however, our order intake has increased significantly.” In the Advanced Backend Solutions segment, the third quarter of 2024 also saw the leading memory manufacturers in particular focus on the installation of equipment and the ramp-up of high-volume production of AI chip modules. Frick continues: “As a result, follow-up orders for our temporary bonding solutions were lower in the third quarter than in the first half of the year. However, we do see opportunities with our customers for the rest of the year and have already received further follow-up orders in October.” The demand for coating solutions developed very positively in the third quarter: between July and September, SUSS received more orders than in the entire first half of the year. The order situation for imaging solutions is expected to improve in the fourth quarter.

The quarterly statement for the third quarter of 2024 is available at https://www.suss.com/en/investor-relations in German and English.


Media contact:
Sven Koepsel
Vice President Investor Relations and Communications
E-Mail: sven.koepsel@suss.com
Tel.: +49 89 32007151


About SUSS

SUSS is a leading supplier of equipment and process solutions for microstructuring in the semiconductor industry and related markets. In close cooperation with research institutes and industry partners SUSS contributes to the advancement of next-generation technologies such as 3D Integration and nanoimprint lithography as well as key processes for MEMS and LED manufacturing. With a global infrastructure for applications and service SUSS supports more than 8,000 installed systems worldwide. SUSS is headquartered in Garching near Munich, Germany. The shares of SUSS MicroTec SE are traded in the Prime Standard of the German Stock Exchange (ISIN DE000A10K0235). For more information, please visit suss.com.

Legal Disclaimer

All statements in this release other than historical facts are forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe", "expect", "intend", "anticipate", "estimate", "should", "may", "will", "plan" and similar words and terms used in relation to the enterprise are meant to indicate forward-looking statements of this kind. The company accepts no obligation toward the general public to update or correct forward-looking statements. All forward-looking statements are subject to various risks and uncertainties, as a result of which actual events may diverge numerically from expectations. The forward-looking statements reflect the view at the time they were made.



07.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: SUSS MicroTec SE
Schleissheimer Strasse 90
85748 Garching
Germany
Phone: +49 (0)89 32007-151
Fax: +49 (0)89 4444 33420
E-mail: sven.koepsel@suss.com
Internet: www.suss.com
ISIN: DE000A1K0235
WKN: A1K023
Indices: SDAX, TecDax
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2024261

 
End of News EQS News Service

2024261  07.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 203,93 213,80 252,11 263,44 299,14 304,26 403,00
EBITDA1,2 15,72 -5,19 28,20 29,60 41,90 34,65 70,00
EBITDA-Margin3 7,71 -2,43 11,19 11,24 14,01 11,39 17,37
EBIT1,4 10,87 -13,76 20,44 22,55 32,81 27,79 61,00
EBIT-Margin5 5,33 -6,44 8,11 8,56 10,97 9,13 15,14
Net Profit (Loss)1 4,78 -16,26 12,36 16,02 24,52 4,70 82,00
Net-Margin6 2,34 -7,61 4,90 6,08 8,20 1,55 20,35
Cashflow1,7 1,92 -30,80 55,16 24,33 23,94 3,79 0,00
Earnings per share8 0,25 -0,85 0,65 0,84 1,28 0,25 4,25
Dividend per share8 0,00 0,00 0,00 0,16 0,20 0,20 0,50
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Baker Tilly

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INVESTOR-INFORMATION
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Süss MicroTec
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A1K023 DE000A1K0235 SE 955,78 Mio € 18.05.1999 Kaufen 8FWH7J2F+5G
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
26,32 26,38 1,00 76,45 5,53 252,38 3,14
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,20 0,20 0,50 1,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
03.06.2025 08.05.2025 07.08.2025 07.11.2024 27.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,10%
50,00 €
ATH 71,40 €
-9,89% -7,34% +80,51% +90,48% +284,62%

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