Siltronic AG Reports Q3 2024 Results in Line with Expectations

Siltronic AG recorded a 1.7% rise in Q3 2024 sales to EUR 357.3 million compared to the previous quarter, despite a challenging semiconductor market. The company's nine-month sales totaled EUR 1,052.2 million, a 9.1% decline year-on-year due to reduced wafer sales. Q3 EBITDA stood at EUR 89.4 million, maintaining a solid margin of 25.0% amid ongoing market challenges.

The cost of sales increased in Q3 by 2.6%, driven by higher wafer shipments and depreciation, although overall nine-month costs decreased by 2.5%. Gross profit dropped by EUR 1.4 million versus Q2 and by EUR 83.1 million year-to-date. EBIT for Q3 was EUR 28.9 million, affected by reduced EBITDA and increased depreciation.

Financial results showed decreased cash flow from operations, while investment activities led to a significant rise in loan liabilities, enhancing the company's liquidity position. Guidance for 2024 remains unchanged, with sales expected to fall in high single-digit percentages compared to the previous year.