SÃœSS Micro Tec AG : Profit warning on 2019 margins despite good order intake. Planned closure of production at Corona site to weigh on 2020 profitability
>Preliminary 2019 results above expectations on sales and orders but significantly below on adj. EBIT and raising concerns on profitability - SMHN yesterday announced FY 2019 preliminary sales in line with our forecast at the top end of the € 200m to € 215m guidance, at € 215m, and 1.5% above the consensus of € 211.8m. Order intake in H2 was € 127m, significantly above the guidance of € 95m. However, 2019 preliminary GM was 30% (vs 30.2% for the consensus) and EBIT c...SUESS MicroTec SE Formerly known as Suess MicroTec AG. SUESS MicroTec SE is a Germany-based holding company (the Group) that supplies process equipment for microstructuring in the semiconductor industry. The Group operates through four segments: Lithography, Bonder, Photomask Equipment and Others. The Lithography division develops, produces and sells the mask aligner, developer, and coater product lines, as well as ultraviolet (UV) projection and laser processing product lines. The Bonder division comprises the development, production and distribution of the substrate bonder product line. The Photomask Equipment division includes the development, manufacture and sale of HMx, ASx, MaskTrack and MaskTrack Pro product lines through SUSS MicroTec Photomask Equipment GmbH & Co KG. The Others division combines further activities of the Group in the area of micro-optics and lenses and the centralized Group functions.
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