Brief: Suss MicroTec Adjusts Forecast For FY 2023 Based On Preliminary Q3 Results
25/10/2023 16:26
Oct 25 (Reuters) - SUESS MICROTEC SMHNn.DE :
* EQS-ADHOC: SUSS MICROTEC ADJUSTS FORECAST FOR FISCAL YEAR
2023
BASED ON PRELIMINARY Q3 RESULTS
* CONCLUDED THAT GUIDANCE FOR FULL YEAR, WHICH WAS LAST
UPDATED ON
JULY 27, 2023, MAY NOT BE ACHIEVED
* TOTAL SALES IN Q3 OF 2023 AMOUNTED TO AROUND EUR 75
MILLION
* MANAGEMENT IS IN CLOSE EXCHANGE WITH AUTHORITIES AND
ASSUMES
THAT MAINLY SECOND HALF OF 2023 WILL BE AFFECTED BY DELAYS
* MANAGEMENT BOARD IS ADJUSTING SALES FORECAST TO AN
EXTENDED
RANGE OF EUR 300 TO EUR 340 MILLION (PREVIOUSLY: EUR 320 TO EUR
340 MILLION)
* GROSS PROFIT MARGIN OF 27 % IN Q3 OF 2023 FELL SHORT OF
COMPANY'S OWN EXPECTATIONS
* FOR FULL YEAR 2023, COMPANY NOW EXPECTS A GROSS PROFIT
MARGIN IN
A RANGE OF 32 TO 34 % (PREVIOUSLY: 35.5 TO 37.5 %)
* EBIT MARGIN FOR FULL YEAR 2023 IS EXPECTED TO BE BETWEEN 4
AND 8
% (PREVIOUSLY: 9 TO 11 %
* ORDER INTAKE IN Q3 OF 2023 AMOUNTED TO AROUND EUR 107
MILLION
AND BENEFITED IN PARTICULAR FROM ORDERS FOR TEMPORARY BONDERS IN
CONNECTION WITH AI APPLICATIONS
Further company coverage: SMHNn.DE
(Gdansk Newsroom)
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