Siltronic falls on EBITDA margin outlook cut amid U.S. tariff uncertainty

Melexis NV

30/04/2025 08:34

** Shares in Siltronic WAFGn.DE fall 4.5% after the German semiconductor materials supplier cut its FY EBITDA margin guidance, citing uncertainty over the impact of U.S. tariffs

** Siltronic now expects FY EBITDA margin of 21% to 25%, vs 22%-27% previously targeted

** It keeps 2025 sales guidance unchanged, but says it is not yet possible to estimate the impact of the tariffs and the corresponding countermeasures on expected end-market growth and FX rates

** Jefferies says that new EBITDA margin guidance is 4% below consensus at mid-point

** "Demand for wafers continues to be subdued with inventories still at elevated levels at semi manufacturers, and timing of normalization is still uncertain," the broker adds

** Belgium's microelectronics manufacturer Melexis MLXS.BR shares are also down 3% after posting a 18% drop in its Q1 sales

** Siltronic, which has lost 19.8% YTD, hits the bottom of Germany's small-cap index .SDAXI

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))