DGAP-Ad-hoc: Siltronic AG / Key word(s): Change in Forecast
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.
ISIN: DE000WAF3001 / DE000WAF3019
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.
20-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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|Phone:||+49 89 8564 3133|
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|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