Siltronic AG Meets 2024 Targets Amid Inventory Challenges

Siltronic AG reported achieving its 2024 targets, with preliminary sales of EUR 1,413 million, a 7% decline from 2023, due to persistent high inventory levels affecting demand recovery in the semiconductor industry. The EBITDA reached EUR 364 million, maintaining a solid 26% margin. Despite weak demand, sales prices saw only slight decreases.

For 2025, Siltronic anticipates continued demand challenges, projecting no sales growth and an EBITDA margin between 22 and 27%. The Executive Board suggests a dividend of EUR 0.20 per share amid a negative net cash flow improvement to EUR -297 million.

Investments mainly focused on the new 300 mm wafer fab in Singapore are ongoing. The company remains optimistic about long-term growth driven by megatrends like AI and digitalization but acknowledges mid-term target delays beyond 2028.