SUSS MicroTec seen rising 14% after annual results exceed guidance
17/01/2025 06:52
** Shares in SUSS MicroTec SMHNn.DE are up 14.5% in Lang &
Schwarz pre-market indications after the German semiconductor
company reported strong preliminary FY results on Thursday
** It reports 2024 sales of EUR 445 million ($457.9
million), above its own forecast range of EUR 380-410 million
** It estimates annual EBIT margin at around 17.5%, vs
forecast of 14-16%
** A local trader says the surprisingly strong reporting
should kickstart SUSS's shares
** "SMHN this year had lost up to 28% in 7 trading days
after analysts doubted short-term demand momentum and talked
China risks," the trader notes
** The shares are seen on top of Germany's small-cap index
.SDAXI
($1 = 0.9719 euros)
(Reporting by Amir Orusov)
((Amir.orusov@thomsonreuters.com))