Siltronic AG : The future guidance for 2024 will probably be cautious, but this does not undermine our investment case
>Q4 2023 results in line and 2023 targets achieved - Yesterday, Siltronic published results for Q4 2023 in line with forecasts. Revenue came in at € 357m, close the consensus at € 358m, i.e. -46% y-o-y but +2% q-o-q. 2023 EBITDA was € 91m, i.e. a margin of 26%, also very close to the consensus forecasts of € 92m and 25.8%. Preliminary net cash flow in Q4 2023 improved significantly to -€ 32m vs -€ 215m in Q3 2023, primarily due to the investment subsidies received in ...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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