DGAP-Adhoc: Siltronic raises forecast for financial year 2021

2021. április 20., kedd, 15:41





DGAP-Ad-hoc: Siltronic AG / Key word(s): Change in Forecast


Siltronic raises forecast for financial year 2021


20-Apr-2021 / 15:41 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.






Ad hoc announcement / Disclosure of an inside information according to Article 17 MAR



Siltronic AG

Einsteinstraße 172

81677 Munich
www.siltronic.com



Siltronic raises forecast for financial year 2021



Germany, Munich, April 20, 2021 - Siltronic AG"s forecast of March 1, 2021 was based on the assumption that wafer area sold would increase by approximately 8 percent to 12 percent compared with 2020. The Executive Board now expects sales volumes to increase significantly more compared to 2020 and assumes an increase of at least 15 percent. Therefore, the Executive Board of Siltronic AG decided today to increase the forecast for 2021.



Depending on the further development of exchange rates, Siltronic now assumes the following updated development in 2021 compared to 2020:



- Sales: at least 10 percent above the previous year (prior: increase in the mid to high single-digit percentage range)



- EBITDA margin: between 30 and 32 percent (prior: slight increase)



- Net cash flow: significant increase (prior: slight increase)



- Earnings per share: significant increase (prior: slight increase)



According to preliminary figures, Siltronic Group generated sales of around EUR 316 million and EBITDA of around EUR 92 million in Q1 2021, resulting in an EBITDA margin of around 29 percent. EBIT was around EUR 54 million.



The quarterly statement for Q1 2021 will be published on May 7, 2021.



Additional information



ISIN: DE000WAF3001 / DE000WAF3019
WKN: WAF300 / WAF301
Deutsche Boerse: WAF
Trading: Amtlicher Markt (Prime Standard),

Frankfurter Wertpapierbörse



Contact:

Petra Müller

Head of Investor Relations & Communications

Tel.: +49 (0)89 8564 3133

E-Mail: investor.relations@siltronic.com



 



Important Information

This adhoc announcement contains statements related to our future business and financial performance and future events or developments involving Siltronic that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Such statements are based on the current expectations and certain assumptions of the Siltronic-management, of which many are beyond the control of Siltronic. These are subject to a number of risks, uncertainties and factors. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siltronic may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siltronic neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.



This document includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures. These supplemental financial measures should not be viewed in isolation or as an alternative to measures of Siltronic"s net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2020 of Siltronic AG.











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Language: English
Company: Siltronic AG

Einsteinstr. 172 - Tower B / Blue Tower

81677 Munich

Germany
Phone: +49 89 8564 3133
Fax: +49 89 8564-3904
E-mail: investor.relations@siltronic.com
Internet: www.siltronic.com
ISIN: DE000WAF3001
WKN: WAF300
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID: 1186756





 
End of Announcement DGAP News Service




1186756  20-Apr-2021 CET/CEST







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