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SÜSS MicroTec SE
Earnings Release • Jul 27, 2023
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Ad-hoc | 27 July 2023 17:08
SUSS MicroTec adjusts forecast for fiscal year 2023
SÜSS MicroTec SE / Key word(s): Forecast
SUSS MicroTec adjusts forecast for fiscal year 2023
27-Jul-2023 / 17:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Garching, July 27, 2023 – After a thorough analysis of the expected sales and earnings development in the second half of the year, the Management Board of SÜSS MicroTec SE has concluded that the guidance for the full year 2023 is probably not achievable. This is due to the disappointing business development in the MicroOptics segment in the first half of 2023, combined with the uncertainty as to whether there will be a noticeable improvement in the situation in the second half of the year. In the first half of the year, sales in the MicroOptics segment fell by 40.1 % to € 13.0 million (previous year: € 21.7 million). EBIT (earnings before interest and taxes) deteriorated from € 1.4 million in the first half of 2022 to € -3.6 million in the first half of 2023. Based on current estimates, segment EBIT for the full year 2023 is expected to be € -5.5 million.
Accordingly, the company expects to achieve full-year 2023 sales in the range of € 320 million to € 340 million (previously: € 320 million to € 360 million). The company expects the gross profit margin to be in the range of 35.5 % to 37.5 % (previously: 37 % to 38 %). The EBIT margin for the full year 2023 is expected to be between 9 % and 11 % (previously: 10 % to 12 %).
The full 2023 half-year financial report will be published on August 3, 2023, as planned.
Contact:
SÜSS MicroTec SE
Sven Köpsel
Vice President Investor Relations
Schleissheimer Strasse 90
85748 Garching, Deutschland
Tel.: +49 89 32007-151
Email: [email protected]
End of Inside Information
27-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | SÜSS MicroTec SE |
| Schleissheimer Strasse 90 | |
| 85748 Garching | |
| Germany | |
| Phone: | +49 (0)89 32007-161 |
| Fax: | +49 (0)89 4444 33420 |
| E-mail: | [email protected] |
| Internet: | www.suss.com |
| ISIN: | DE000A1K0235 |
| WKN: | A1K023 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1690221 |
| End of Announcement | EQS News Service |