Siltronic AG Revises Financial Forecast for 2024: Key Updates

• Siltronic AG has adjusted its forecast for the financial year 2024 due to high inventory levels and slower recovery than expected
• The company is facing delays in market recovery and expects these elevated inventory levels to impact the remaining year 2024
• Delivery volumes by customers are being postponed, particularly in the second half of 2024
• Sales are expected to be roughly 10 percent below the previous year due to lower volumes and slightly negative FX and price effects
• EBITDA margin is expected to be between 21 and 25 percent, and depreciation and amortization expected to be below EUR 300 million
• Capital expenditure including intangible assets is expected to be slightly below EUR 550 million, and net cash flow will significantly improve compared to the previous year but will still be significantly negative.

The next important date, Analyst event, at SILTRONIC AG is on 02.05.2024.

The price of SILTRONIC AG at the time of the news was 73,45EUR and was down -4,83 % compared with the previous day.
14 minutes after the article was published, the price was 69,85EUR this corresponds to a minus of -4,90 % since publication.
At this time, the index MDAX was at 26.140,53PKT (+0,21 %).

SILTRONIC AG

-1,26 %

+1,74 %

-8,21 %

-14,54 %

+20,84 %

-48,85 %

-7,45 %

+103,77 %

ISIN:DE000WAF3001WKN:WAF300

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• Max