SÜSS Micro Tec SE : 2024 guidance better than expected and growth set to continue in 2025
>Underperform rating, TP raised to € 28 (vs € 18) - Suss MicroTec’s share price fell by 3% yesterday even though the EBIT guidance it announced for 2024 is 10% above expectations. Given its recent stock run (+40% YTD) and the positive signals surrounding demand for HBM memory, the market had probably already priced in a lot of positive newsflow. The profit-taking was also possibly triggered by the group’s lack of strong operating leverage (flat margin vs 2022). The ea...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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