Brief: Suss MicroTec Expects 2024 Sales To Increase To EUR 340-370 Mln
27/03/2024 06:34
March 27 (Reuters) - SUESS MICROTEC SE SMHNn.DE :
* EXPECTS SALES TO INCREASE TO € 340-370 MILLION AND GROSS
PROFIT
MARGIN AND EBIT MARGIN TO IMPROVE IN FISCAL YEAR 2024
* EXPECTS GROSS PROFIT MARGIN TO IMPROVE IN 2024
* MANAGEMENT BOARD AND SUPERVISORY BOARD WILL PROPOSE TO
ANNUAL
GENERAL MEETING ON JUNE 11, 2024 TO DISTRIBUTE AN UNCHANGED
DIVIDEND OF EUR 0.20 PER SHARE
* GROSS PROFIT MARGIN IS EXPECTED TO BE IN A RANGE OF 35 TO
38% IN
FISCAL YEAR 2024
* MIDPOINT OF THIS RANGE WOULD REPRESENT AN IMPROVEMENT OF
2.4
PERCENTAGE POINTS COMPARED TO GROSS PROFIT MARGIN OF 34.1% IN
FISCAL YEAR 2023
* EXPECTS AN EBIT MARGIN IN RANGE OF 10 TO 12%
* OVERALL, COMPANY EXPECTS AN EBIT MARGIN IN RANGE OF 10 TO
12%
FRO 2024
* OUTLOOK 2024: COMPANY EXPECTS AN EBIT MARGIN IN RANGE OF
10 TO
12%
* NON-OPERATING EXTRAORDINARY INCOME OF AROUND EUR 58
MILLION WILL
ALSO BE REALIZED FROM SALE OF MICROOPTICS BUSINESS, WHICH WAS
COMPLETED IN JAN 2024
Source text for Eikon: ID:nEQ3rLlrCa
Further company coverage: SMHNn.DE
(Gdansk Newsroom)
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