Siltronic AG
ISIN: DE000WAF3001
WKN: WAF300
26 April 2024 01:25PM

EQS-Adhoc: Siltronic adjusts guidance for the financial year 2024

Siltronic AG · ISIN: DE000WAF3001 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 1890761

EQS-Ad-hoc: Siltronic AG / Key word(s): Change in Forecast
Siltronic adjusts guidance for the financial year 2024

26-Apr-2024 / 13:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc announcement / Disclosure of an inside information according to Article 17 MAR

Siltronic AG
Einsteinstraße 172
81677 Munich
www.siltronic.com

Siltronic adjusts guidance for the financial year 2024

Munich, Germany, April 26, 2024 - The Executive Board of Siltronic AG today resolved to adjust the forecast for the financial year 2024. With our customers' inventory levels remaining high and recovering at a slower pace than originally forecasted, we are facing a further delay of the market recovery. It is therefore expected that the impact of these elevated inventory levels will determine the remaining year 2024, although visibility remains limited.

As a result, we are affected by postponements of delivery volumes by our customers, particularly in the second half of 2024. Although the installation of the new 300 mm capacities is still on schedule and within the budget, some customer qualifications will take place later in 2024 due to the ongoing weak demand. These qualifications are relevant for the start of the depreciation of the new fab, which is expected to be postponed to Q4 2024.

Against this background, the Executive Board expects the following development for 2024:

  • Depending on the further development of the demand weakness, sales are expected to be roughly 10 percent below the previous year due to lower volumes and both slightly negative FX (EUR/USD 1.10) and price effects (previously: in the region of the previous year).
  • EBITDA margin expected to be between 21 and 25 percent (previously: in the region of the previous year and additionally burdened by up to 3 percentage points due to ramp costs of the new fab).
  • Depreciation and amortization expected to be below EUR 300 million
    (previously: almost double y-o-y).
  • The result is a significant decline in EBIT.
  • Capital expenditure including intangible assets is expected to be slightly below
    EUR 550 million (previously: below EUR 600 million).
  • Net cash flow will significantly improve compared to the previous year but will still be significantly negative.

Additional information:

ISIN:  DE000WAF3001   
WKN: WAF300  
Deutsche Börse: WAF
Trading:  Amtlicher Markt (Prime Standard), Frankfurter Wertpapierbörse

Contact:

Verena Stütze
Head of Investor Relations & Communications
Tel.: +49 (0)89 8564 3133
E-Mail: investor.relations@siltronic.com

Important Information

This adhoc announcement contains statements related to our future business and financial performance and future events or developments involving Siltronic that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Such statements are based on the current expectations and certain assumptions of the Siltronic-management, of which many are beyond the control of Siltronic. These are subject to a number of risks, uncertainties and factors. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siltronic may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siltronic neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

 This document contains supplementary financial measures that are, or may be, alternative performance measures not specifically identified in the applicable financial reporting frameworks. For the purpose of assessing Siltronic's financial position and performance, these supplementary financial measures should not be used in isolation or as an alternative to the financial measures presented in the consolidated financial statements and determined in accordance with relevant accounting frameworks. Other companies that present or report alternative performance measures with a similar title may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2023 of Siltronic AG.



End of Inside Information

26-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Siltronic AG
Einsteinstr. 172
81677 Munich
Germany
Phone: +49 89 8564 3133
Fax: +49 89 8564-3904
E-mail: investor.relations@siltronic.com
Internet: www.siltronic.com
ISIN: DE000WAF3001
WKN: WAF300
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID: 1890761

 
End of Announcement EQS News Service

1890761  26-Apr-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1890761&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

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 1.456,70 1.270,40 1.207,00 1.405,40 1.805,30 1.513,80 1.364,00
EBITDA1,2 589,30 408,70 332,00 466,40 671,60 433,90 321,00
EBITDA-Margin3 40,45 32,17 27,51 33,19 37,20 28,66 23,53
EBIT1,4 497,70 298,30 192,20 316,90 495,60 231,10 31,00
EBIT-Margin5 34,17 23,48 15,92 22,55 27,45 15,27 2,27
Net Profit (Loss)1 400,60 261,00 186,80 289,60 434,40 201,30 14,00
Net-Margin6 27,50 20,55 15,48 20,61 24,06 13,30 1,03
Cashflow1,7 651,90 385,30 236,70 501,10 804,50 -487,90 0,00
Earnings per share8 12,44 7,52 5,36 8,44 13,02 6,15 0,47
Dividend per share8 5,00 3,00 2,00 3,00 3,00 1,20 0,00
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: KPMG

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Siltronic
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
WAF300 DE000WAF3001 AG 1.358,40 Mio € 11.06.2015 Halten 8FWH4JPF+R6
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
8,46 13,95 0,61 7,11 0,70 2,78 0,90
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
3,00 1,20 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
14.05.2025 30.04.2025 29.07.2025 24.10.2024 06.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-2,50%
45,28 €
ATH 160,55 €
-16,75% -34,22% -48,81% -48,69% +50,93%

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