SUESS Microtec drops as delivery delays lead to forecasts miss
05/08/2021 09:00
** Shares in semiconductor equipment supplier Suess Microtec
SMHNn.DE plunge 6%, paring earlier losses, after the group
reported a drop in Q2 EBITDA, order income urn:newsml:reuters.com:*:nFWN2PB1K0
** The company's Q2 EBITDA dropped to EUR 8.4 mln ($9.95
mln) while order income was down at EUR 72.1 mln
** ODDO BHF flags lower-than-expected results, blaming
delivery delay for customers in China
** The brokerage reiterates its "neutral" rating, still
doubting the group's capacity to improve its margins on a
lasting basis above historical highs
** The stock sits among the worst performers of the German
small-cap index SDAX .SDAXI
($1 = 0.8442 euros)
(Reporting by Veronica Snoj;)
((Veronica.snoj@tr.com))