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SUSS MicroTec share with price slide: Lower margin forecast burdened

SUSS MicroTec’s investors were surprised by a forecast cut on Wednesday.

Previously little changed, the price of the former SDAX company SÜSS MicroTec fell in the late morning to 18.50 euros and thus to a low for a year. Later the minus was at times 5.81 percent to 18.80 euros. The semiconductor technology supplier now only expects the operating profit margin to be in a range of 8.0 to 9.5 percent instead of the previously mentioned range of 9 to 11 percent. At 10.6 percent, the consensus was well above the new target range, judged dealers.

The preliminary sales for the full year 2021 were put at around 261 million euros. The company thus missed its forecast, which was previously between 270 and 290 million euros. This is a bit surprising in view of the record high number of incoming orders, according to a stockbroker. The company did not provide an explanation for the disappointing sales development. The announcement only stated that the increased costs caused by the growth-related increase in capacity could not be compensated as planned.

/ tih / jha /

FRANKFURT (dpa-AFX)

Reference-www.finanzen.at

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