SÜSS MicroTec Anticipates Growth in Sales and Margins for Fiscal Year 2024

SÜSS MicroTec SE, a key provider of system and process solutions for the semiconductor sector, has released its 2023 Annual Report, highlighting significant growth in the past year and optimistically projecting further increases in sales and margins for 2024. The company has confirmed its preliminary fiscal 2023 figures, including a record order intake of €420.5 million, with the Advanced Backend Solutions division and bonder business being major contributors to this growth.

The company reported a 17.0% increase in sales to €304.3 million, with the Photomask Solutions division leading the growth. The increase in sales, however, came with a gross profit margin of 34.1%, which was impacted by an unfavorable product mix and capacity expansion costs. Looking ahead, SÜSS MicroTec forecasts sales between €340 to €370 million for 2024, with the expectation of improved gross profit and EBIT margins, amidst a stable global economy and semiconductor market.

Despite challenges, including higher R&D and transformation expenses, the company remains optimistic about its financial outlook. In recognition of its 75th anniversary, SÜSS MicroTec plans to maintain a stable dividend payout while anticipating significant non-operating extraordinary income from the sale of the MicroOptics business. This bold outlook underscores the company’s confidence in its growth trajectory and operational strategies amidst evolving market dynamics.