SÜSS MicroTec Reports Strong First Quarter Results for 2024

SÜSS MicroTec SE announced a robust performance for the first quarter of 2024, significantly surpassing its sales and earnings figures from the corresponding period last year. The company, headquartered in Garching, Germany, reported a 46% increase in sales, which totaled €93.5 million. This compares favorably to sales of €64.0 million recorded in the first quarter of 2023.

The preliminary data reveals that the gross profit margin for Q1 2024 stood at 39.1%, up from 34.4% in Q1 2023. This improvement is attributed to a favorable product mix and high sales levels. Moreover, the EBIT margin for the period was 15.9%, a significant rise from the 5.9% reported in the previous year's first quarter.

Regarding the full-year outlook for 2024, SÜSS MicroTec's Management Board anticipates sales to be between €340 million and €370 million, with a gross profit margin ranging from 35% to 38% and an EBIT margin of 10% to 12%. They also noted a slight increase in order intake, which reached €98.3 million in the first quarter of 2024, compared to €94.9 million in the corresponding period of 2023.