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Siltronic AG (WAFGn.DE)

WAFGn.DE on Xetra

91.92EUR
10 Jul 2020
Change (% chg)

€1.02 (+1.12%)
Prev Close
€90.90
Open
€91.08
Day's High
€94.10
Day's Low
€90.48
Volume
102,997
Avg. Vol
182,246
52-wk High
€109.10
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€46.56

Latest Key Developments (Source: Significant Developments)

Siltronic Says Q2 Outlook Still Good, Confirms Dividend Policy
Tuesday, 28 Apr 2020 

April 28 (Reuters) - Siltronic AG ::DGAP-NEWS: SILTRONIC PERFORMS WELL IN A DIFFICULT MARKET ENVIRONMENT.REVENUE DOWN 1.4 PERCENT ON PREVIOUS QUARTER TO EUR 300.1 MILLION.EBIT OF EUR 53.3 MILLION 6.0 PERCENT LOWER THAN IN PREVIOUS QUARTER.EBITDA DOWN 6.4 PERCENT ON PREVIOUS QUARTER.DESPITE CORONA PANDEMIC, OPERATIONS HAVE NOT BEEN NOTICEABLY IMPACTED TO DATE.DECREASE IN FINANCIAL RESULT IS DUE TO DECLINING FINANCIAL MARKETS UNTIL MARCH 31.EFFECTS OF CORONA CRISIS CURRENTLY NOT QUANTIFIABLE.CORONA PANDEMIC IS LIKELY TO WEIGH ON BUSINESS FOR REST OF YEAR.SILTRONIC HARDLY EXPERIENCES ANY ORDER CANCELLATIONS BY CUSTOMERS.OUTLOOK FOR Q2 2020 IS STILL GOOD.POSITIVE DEVELOPMENTS IN AREAS SUCH AS SERVERS OR HOME OFFICE EQUIPMENT.VIRTUAL ANNUAL GENERAL MEETING ON JUNE 26, 2020 - UNCHANGED DIVIDEND PROPOSAL.  Full Article

Germany’s Siltronic Proposes €3.00 Dividend, Warns Of Coronavirus Impact
Monday, 9 Mar 2020 

March 9 (Reuters) - Siltronic AG ::DIVIDEND OF EUR 3.00 PER SHARE PROPOSED.FORECAST FOR 2020 AFFECTED BY CORONA VIRUS OUTBREAK.SILTRONIC'S START INTO 2020 WAS MUTED.FEW CONCRETE SIGNS OF A SUSTAINED IMPROVEMENT IN DEMAND.BEGINNING OF YEAR CONTINUES TO BE MARKED BY POLITICAL AND MACROECONOMIC UNCERTAINTIES AND, ADDITIONALLY, BY OUTBREAK OF CORONA VIRUS.RECENT SPREAD OF VIRUS IS HAVING A SIGNIFICANT IMPACT ON ABILITY TO MAKE A FORECAST.IF EFFECTS OF CORONA VIRUS INTENSIFY, ECONOMIC ENVIRONMENT WILL DETERIORATE SIGNIFICANTLY.IF THERE ARE NO MAJOR EFFECTS DUE TO CORONA, COMPANY WOULD EXPECT A SLIGHT INCREASE IN SALES VOLUMES WITH DECLINING AVERAGE SELLING PRICES.EBITDA MARGIN WOULD THEN BE SLIGHTLY BELOW PREVIOUS YEAR, EBIT WOULD BE SIGNIFICANTLY LOWER THAN IN PREVIOUS YEAR DUE TO HIGHER SCHEDULED DEPRECIATION.IF COVID-19 CONTINUES TO SPREAD, SALES VOLUMES COULD BE LOWER THAN IN PREVIOUS YEAR.IT IS EXPECTED THAT SILTRONIC'S EBITDA MARGIN, EBIT AND NET CASH FLOW IN 2020 WOULD THEN BE SIGNIFICANTLY LOWER THAN IN PREVIOUS YEAR.FOR 2020, SILTRONIC PLANS TO INVEST AROUND EUR 200 MILLION.  Full Article

Siltronic Extends Mandate Of CFO Rainer Irle Until 2025
Wednesday, 4 Mar 2020 

March 4 (Reuters) - SILTRONIC AG ::SUPERVISORY BOARD EXTENDS MANDATE OF SILTRONIC CFO RAINER IRLE UNTIL 2025.  Full Article

Silicon Wafer Supplier Siltronic Sees Slow Start To 2020
Wednesday, 29 Jan 2020 

Jan 29 (Reuters) - Siltronic AG ::FY PRELIMINARY EBIT 298 MILLION EUR.FY EBITDA FELL 31 PERCENT TO 409 MILLION EUR.FY REVENUE 1.27 BILLION EUR.NEGATIVE FACTORS SUCH AS TRADE DISPUTE BETWEEN USA AND CHINA PUT A BURDEN ON CONSUMER CLIMATE AND ECONOMIC GROWTH IN MANY REGIONS.SLIGHT INCREASE IN COSTS WAS RECORDED - DESPITE ONGOING AND EFFECTIVE SAVINGS PROGRAMMES.POSSIBLE NEGATIVE FACTORS FOR 2020 CONTINUE TO INCLUDE GEOPOLITICAL AND GLOBAL ECONOMIC DEVELOPMENTS SUCH AS TRADE DISPUTE BETWEEN USA AND CHINA, AND TENSIONS IN MIDDLE EAST.DIFFICULT TO PREDICT EFFECTS OFCORONA VIRUS.CUSTOMERS' HIGH INVENTORY LEVELS WILL HAVE A NEGATIVE IMPACT ON DEVELOPMENT OF DEMAND IN 2020.COMPANY ASSUMES THAT 2020 FINANCIAL YEAR WILL SEE A SLOW START.Q4 SALES OF 304 MILLION EUR.Q4 EBITDA OF 90 MILLION EUR.Q4 EBIT OF 57 MILLION EUR.  Full Article

Siltronic Says It Expects Q4 Wafer Sales Significantly Below Q3
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - Siltronic AG ::DGAP-NEWS: SILTRONIC AG: SILTRONIC MEETS SALES AND MARGIN EXPECTATION IN A DIFFICULT MARKET ENVIRONMENT.SILTRONIC MEETS SALES AND MARGIN EXPECTATION IN ADIFFICULT MARKET ENVIRONMENT.WEAK DEMAND FOR WAFERS WEIGHS ON REVENUE AFTER RECORD YEAR 2018.EBITDA FOR FIRST NINE MONTHS AT EUR 318.7 MILLION, EBITDA MARGIN 33.0 PERCENT.EBITDA IN Q3 AT EUR 91.5 MILLION (EBITDA MARGIN 30.5 PROZENT).EBIT BURDENED BY HIGHER ENERGY COSTS AND INCREASED DEPRECIATION.OUTLOOK FOR 2019 CONFIRMED.DUE TO LOWER WAFER AREA SOLD IN FIRST THREE QUARTERS OF 2019, SALES DECREASED BY -9.6 PERCENT OR EUR -102.5 MILLION TO EUR 966.0 MILLION (Q1-Q3 2018: EUR 1,068.5 MILLION).IN Q3 2019, SALES OF EUR 299.8 MILLION WERE REALIZED, EUR 12.0 MILLION LESS THAN IN Q2 2019.IN ADDITION TO REDUCED DEMAND, THERE WAS A MINIMAL PRICE DECLINE, WHICH MAINLY AFFECTED SMALL WAFER DIAMETERS AND IN SOME CASES 200 MM.AT EUR 360.6 MILLION, GROSS PROFIT IN FIRST THREE QUARTERS OF 2019 WAS 20.2 PERCENT DOWN YEAR-ON-YEAR (Q1-Q3 2018: EUR 451.8 MILLION).CONFIRMS ITS FORECAST FOR FISCAL 2019 ADJUSTED IN JUNE, BUT EXPECTS WAFER SALES IN Q4 OF 2019 TO BE SIGNIFICANTLY BELOW Q3 IN LINE WITH USUAL SEASONALITY.SALES AND EBITDA MARGIN ARE EXPECTED TO BE IN LOWER HALF OF FORECAST RANGE, AND THUS IN LINE WITH MARKET EXPECTATIONS.  Full Article

Siltronic confirms outlook after slide in Q2 earnings
Thursday, 25 Jul 2019 

July 25 (Reuters) - Siltronic AG ::SILTRONIC AG: AS EXPECTED SILTRONIC STARTED INTO A MUTED H1 2019.DEMAND FOR WAFERS DECLINED AS EXPECTED.SALES DOWN 3.3 PERCENT TO EUR 666.2 MILLION.EBITDA DOWN TO EUR 227.2 MILLION, EBITDA MARGIN DOWN TO 34.1 PERCENT.QUARTER-ON-QUARTER DECLINE IN SALES AND EARNINGS.OUTLOOK FOR 2019 CONFIRMED.FOLLOWING A VERY SUCCESSFUL 2017 AND A RECORD 2018, DEMAND FOR WAFERS WAS SIGNIFICANTLY WEAKER THAN EXPECTED IN H1 2019.MAIN REASONS FOR THIS DEVELOPMENT WERE GENERAL GLOBAL ECONOMIC SLOWDOWN, GEOPOLITICAL UNCERTAINTIES AND ONGOING INVENTORY CORRECTIONS IN VALUE CHAIN OF OUR CUSTOMERS.SALES OF EUR 311.8 MILLION IN Q2 2019 WERE EUR 42.6 MILLION LOWER THAN IN Q1 2019.DECLINE IN EBITDA MARGIN FROM Q1 TO Q2 2019 WAS MITIGATED BY LOWER COST OF SALES AND LOWER NEGATIVE CURRENCY EFFECTS.IN Q2 2019, PROFIT FOR PERIOD AMOUNTED TO EUR 68.5 MILLION COMPARED TO EUR 87.6 MILLION IN Q1.EARNINGS PER SHARE IN Q2 2019 WERE EUR 1.98 COMPARED TO EUR 2.68 IN Q1 2019.IN VIEW OF ECONOMIC AND GEOPOLITICAL UNCERTAINTIES AS WELL AS CURRENT DEMAND SITUATION, SILTRONIC EXPECTS SALES IN Q3 2019 TO DECREASE FURTHER.HOWEVER, COMPANY CONFIRMS GUIDANCE FOR 2019, WHICH WAS ADJUSTED IN JUNE.WE ARE CONVINCED THOUGH THAT UNDERLYING MEGATRENDS SUCH AS DIGITIZATION, ELECTRO-MOBILITY, BIG DATA AND ARTIFICIAL INTELLIGENCE ARE INTACT AND WILL LEAD TO STRONGER DEMAND FOR WAFERS AGAIN IN FUTURE.HOWEVER, WE CANNOT CURRENTLY DETERMINE WITH CERTAINTY WHEN THIS WILL HAPPEN.  Full Article

Siltronic Confirms Adjusted 2019 Outlook
Friday, 3 May 2019 

May 3 (Reuters) - Siltronic AG ::DGAP-NEWS: SILTRONIC AG: SILTRONIC OFF TO A MUTED START TO THE YEAR 2019, AS EXPECTED.SALES DOWN 8.7 PERCENT Q-ON-Q TO EUR 354.4 MILLION.EBITDA DROPS 20.9 PERCENT Q-ON-Q TO EUR 127.2 MILLION.EBITDA MARGIN AT 35.9 PERCENT IN Q1 2019.ADJUSTED FORECAST FOR 2019 CONFIRMED: SALES DOWN 5 TO 10 PERCENT Y-ON-Y, EBITDA MARGIN BETWEEN 33 AND 37 PERCENT.WAS UNABLE TO ESCAPE FROM GENERAL TREND OF A COOLING SEMICONDUCTOR INDUSTRY.2019 IS PROVING TO BE CHALLENGING, AS EXPECTED.WHILE PROFIT FOR PERIOD CAME IN AT EUR 87.6 MILLION IN Q1 2019, EQUITY ROSE BY EUR 52.6 MILLION.CONVINCED THAT FUNDAMENTAL GROWTH TREND IN WAFER INDUSTRY, DRIVEN BY MEGA TRENDS SUCH AS DIGITALIZATION AND ELECTRO-MOBILITY, REMAINS INTACT.  Full Article

Siltronic Lowers Forecast For FY 2019
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Siltronic AG ::DGAP-ADHOC: SILTRONIC AG: SILTRONIC LOWERS THE FORECAST OF FINANCIAL YEAR 2019.Q1 SALES 354 MILLION EUR.SALES REACHED APPROXIMATELY 354 MILLION EURO IN Q1 2019.EXPECTS Q2 2019 TO BE SIGNIFICANTLY WEAKER THAN Q1 2019.EXPECTS THAT WAFER AREA SOLD IN 2019 WILL BE SIGNIFICANTLY LOWER THAN IN 2018.SEES SALES 2019 WILL BE AROUND 5 PERCENT TO 10 PERCENT BELOW PREVIOUS YEAR (PRIOR: IN REGION OF PREVIOUS YEAR).OUTLOOK 2019: EBITDA MARGIN SHOULD BE BETWEEN 33 PERCENT AND 37 PERCENT (PRIOR: SLIGHTLY BELOW PRIOR YEAR).OUTLOOK 2019: EBIT WILL CORRESPONDINGLY BE SIGNIFICANTLY (PRIOR: A GOOD 10 PERCENT) BELOW PREVIOUS YEAR.SEES 2019 NET CASH FLOW CLEARLY POSITIVE BUT DECREASE BY ABOUT EUR 150 MILLION VERSUS 2018.SEES FOR NET CASH FLOW SUBSEQUENT SIGNIFICANT INCREASE AGAIN IN 2020.ALREADY TAKEN BOLD ACTIONS IN RESPONSE TO INCREASING CHALLENGES, NUMBER OF TEMPORARY WORKERS SIGNIFICANTLY REDUCED.CONTINUOUS COST REDUCTION PROGRAMS WHICH HAVE BEEN INTRODUCED IN 2010 WILL BE PURSUED WITH FULL FORCE.CONVINCED THAT UNDERLYING GROWTH DRIVERS FOR WAFER DEMAND SUCH AS DIGITIZATION AND E-MOBILITY ARE INTACT.  Full Article

Siltronic Sees 2019 EBITDA Margin Slightly Below Previous Year
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Siltronic AG ::SAYS WAFER AREA SOLD IN FIRST HALF OF 2019 WILL BE SIGNIFICANTLY LOWER THAN IN PREVIOUS SECOND HALF OF 2018..SAYS EXPECTS RECOVERY OF MARKET ENVIRONMENT IN SECOND HALF OF 2019.SAYS SEES 2019 SALES AT AROUND PREVIOUS YEAR'S LEVEL, DEPENDING ON EXCHANGE RATE EFFECTS.SAYS SEES SLIGHTLY HIGHER AVERAGE SELLING PRICES IN 2019 COMPARED TO 2018.SAYS SEES 2019 EBITDA MARGIN SLIGHTLY BELOW PREVIOUS YEAR.SAYS COST POSITIONS NEGATIVELY IMPACTED BY TARIFF INCREASES AND BY AROUND EUR 20 MILLION FROM RISING ELECTRICITY COSTS IN GERMANY.  Full Article

Siltronic Was Able To Increase Avg Selling Prices In 2018
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Siltronic AG ::FY PRELIMINARY EBIT 498 MILLION EUR VERSUS 235.7 MILLION EUR YEAR AGO.FY EBITDA ROSE 67 PERCENT TO 589 MILLION EUR.FY SALES 1.457 BILLION EUR.PRELIMINARY SALES OF EUR 1,457 MILLION SIGNIFICANTLY HIGHER THAN IN PREVIOUS YEAR (2017: EUR 1,177.3 MILLION).PRELIMINARY EBITDA IMPROVED SIGNIFICANTLY TO EUR 589 MILLION AND EBITDA MARGIN TO JUST ABOVE 40 PERCENT (2017: EUR 353.1 MILLION, 30.0 PERCENT).PRELIMINARY EBIT OF AROUND EUR 498 MILLION SIGNIFICANTLY HIGHER YEAR-ON-YEAR (2017: EUR 235.7 MILLION).ACCORDING TO PRELIMINARY AND UNAUDITED FIGURES, SALES OF EUR 1,457 MILLION WERE SIGNIFICANTLY HIGHER YEAR ON YEAR (2017: EUR 1,177.3 MILLION).EBITDA CAME IN AT EUR 589 MILLION, UP ABOUT 67 PERCENT YEAR ON YEAR (2017: EUR 353.1 MILLION).EBITDA MARGIN CAME IN AT ROUGHLY 40 PERCENT (2017: 30.0 PERCENT.COMPANY WAS ABLE TO INCREASE AVERAGE SELLING PRICES AGAIN IN 2018.FOLLOWING TWO OUTSTANDING YEARS, SILTRONIC EXPECTS A MORE MUTED BUSINESS DEVELOPMENT IN 2019.COMPANY EXPECTS THAT 2019 WILL START CAUTIOUSLY, PARTICULARLY IN MEMORY AND FOUNDRY BUSINESS.HOWEVER, LOGIC, POWER APPLICATIONS AND IMAGE SENSORS SHOULD STAY STRONG..DEMAND FOR WAFERS IN Q1 2019 IS SLIGHTLY LOWER THAN IN Q4 2018.  Full Article

BRIEF-Siltronic Says Q2 Outlook Still Good, Confirms Dividend Policy

* DGAP-NEWS: SILTRONIC PERFORMS WELL IN A DIFFICULT MARKET ENVIRONMENT