Siltronic AG : Better-than-expected results and upgraded 2024 EBITDA guidance, notably due to a delay in customer qualification (hence lower depreciations)
>Q3 2024 results above expectations thanks to higher sales, better margins and lower depreciations - This morning, Siltronic reported its Q3 2024 results which were clearly above expectations. Revenues were € 357m, almost 5% above the consensus at € 341m, up 2.3% y-o-y and 1.7% q-o-q. This is due to an increase in wafer area sold, which was partially offset by opposing product mix effects. Gross profit was €69.2m i.e. a margin of 19.4% vs a consensus at € 49.7m or a m...Siltronic AG is a Germany-based producer of hyperpure silicon wafers. The Company offers polished wafers, epitaxial wafers and annealed wafers, among others. Its products are used for semiconductor components, including high-voltage applications, low resistivity devices in automotive engineering and telecommunications, as well as integrated microprocessors and memory modules for information processing in cell phones, laptops and other consumer goods. The Company also produces high reflectivity (HiREF) wafers, as well as PowerFZ wafers for power applications and Ultimate Silicon for complementary metal-oxide semiconductor (CMOS) applications. It operates production facilities in Europe, Asia and the United States.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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