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Maissa Keskes ...
  • Stephane Houri

SÜSS Micro Tec AG : Rating upgraded to Neutral from (vs Underperform) following the CMD, but we need more evidence to believe in the group’s change of profile

>We upgrade our rating to Neutral from Underperform and increase our target price to € 20 vs € 15 - Following Suss Micro Tec’s CMD last Thursday, we upgrade our rating to Neutral vs Underperform and increase our EPS estimates by 15% for 2023-2024 and our target price to € 20 vs € 15. The CMD enabled us to better understand the visibility in the short term as well as the group’s vision out to 2030. We think that the group should continue to benefit from the growth of i...
Underlying
Suess Microtec AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Maissa Keskes

Stephane Houri

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