SÜSS Micro Tec SE : We downgrade to Underperform (vs Neutral) following the second profit warning of the year
>2023 targets to be severely impacted by delivery delays due to tougher export control to China - Yesterday during trading, Suss MicroTec warned, for the second time in three months, that its FY 2023 outlook may not be achievable due to some tools worth around € 23.5m mostly attributable to ‘Advanced Backend Solutions’ segment that could not be delivered to China as of 30 September, 2023, as the German customs and export control authorities have significantly intensif...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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