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SMHN SUSS MicroTec SE News Story

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SUSS MicroTec down 17% after second outlook cut this year

** Shares in SUSS MicroTec SMHNn.DE fall around 17% in early trade after the German semiconductor company cut its FY outlook for the second time this year, citing no margin improvement

** Margins declined due to an unfavorable product and customer mix, expenses related to the new production site in Taiwan, and lower fixed cost coverage amid lower business volume, it said

** It now expects EBIT margin between 11% and 13% vs between 13% and 15% seen earlier

** Q3 order intake was at EUR 70.0 million compared with EUR 84 million in Q3 2024

** "This reads like a disaster and also hopeless looking at the orders," a local trader says

** The shares are seen at the bottom of the Germany's small-cap .SDAXI index

 (Reporting by Amir Orusov)

 ((Amir.orusov@thomsonreuters.com))

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