SÜSS MicroTec Reports Strong Start to Fiscal Year 2024 with Promising Growth and Improved Margins

SÜSS MicroTec SE, a leading manufacturer in semiconductor equipment, has shown substantial growth in the first quarter of fiscal year 2024. According to their latest quarterly statement released on May 8, 2024, the company has observed a significant increase in sales and margins. Its order book reached a record high of €456.9 million, marking a 25.5% rise from the previous year and their highest first-quarter performance ever.

The company reported a sales increase of 46.1%, reaching €93.5 million in Q1 2024, up from €64.0 million in the corresponding quarter of the previous year. The gross profit escalated to €36.6 million from €22.0 million, an improvement in the margin by 4.7 percentage points to 39.1%. Enhanced product mix and higher sales volumes contributed to this growth. The Earnings Before Interest and Taxes (EBIT) also saw a notable rise to €14.9 million from €3.8 million, with margins climbing to 15.9%.

CEO Burkhardt Frick expressed confidence in maintaining customer schedules and expanding semiconductor manufacturing capabilities, especially for AI applications. The full-year 2024 forecasts remain unchanged, projecting sales between €340 million to €370 million, with gross profit margins expected between 35% to 38% and EBIT margins forecasted to be between 10% to 12%.