Siltronic AG - Earnings Release 2017

News Details

Ad-hoc | 11 July 2017 18:08

Siltronic AG: Siltronic increases forecast for financial year 2017

Siltronic AG / Key word(s): Change in Forecast

11-Jul-2017 / 18:08 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Ad hoc announcement / Disclosure of an inside information according to Article 17 MAR

Siltronic AG

Hanns-Seidel-Platz 4

81737 Munich, Germany

www.siltronic.com

Siltronic increases forecast for financial year 2017

Munich, Germany, July 11, 2017 – After a significant increase of average sales prices in the second quarter of 2017 as well as agreements on further price increases in the third quarter of 2017, the Executive Board of Siltronic AG decided today to increase the forecast for the financial year 2017. Siltronic raises the revenue expectation from previously at least 1.06 billion euros (forecast as of April 27, 2017) to at least 1.12 billion euros and the forecast for EBITDA margin from previously at least 23% to at least 27%.

Pursuant to preliminary and unaudited figures, Siltronic Group has generated a revenue of approximately 283 million euros and an EBITDA of approximately 73 million euros (EBITDA margin: 26%) in the second quarter of 2017.

EBITDA margin is a measurement of a company’s EBITDA ( earnings before interest, taxes , depreciation and amortization ) as a percentage of its total revenue .

The full results for the first half of the financial year 2017 will be released on July 28, 2017.

Contact:

Petra Müller

Head of Investor Relations & Communications

Tel: +49 (0)89 8564 3133

Email: [email protected]

*Important notice

This release contains forward-looking statements based on assumptions and estimates of Siltronic’s Executive Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. Siltronic does not plan to update the forward looking statements, nor does it assume the obligation to do so.*

This release is also available in German. If there are differences between the two, the German version takes priority. Please note that slight differences may arise as a result of the use of rounded amounts and percentages.

This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP- measures). These supplemental financial measures should not be viewed in isolation or as an alternative to measures of Siltronic’s net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2016 of Siltronic AG.

11-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de


Language:	English
Company:	Siltronic AG
	Hanns-Seidel-Platz 4
	81737 Munich
	Germany
Phone:	+49 89 8564 3133
Fax:	+49 89 8564-3904
E-mail:	[email protected]
Internet:	www.siltronic.com
ISIN:	DE000WAF3001
WKN:	WAF300
Indices:	TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange