Business
Siltronic AG: Siltronic resolves upon forecast of financial year 2019
Siltronic AG: Siltronic resolves upon forecast of financial year
About this update from Siltronic Ag
[{"type":"text","content":"\n Ad hoc announcement / Disclosure of an inside information according to Article 17 MAR\n \n \n Siltronic AG Hanns-Seidel-Platz 4 81737 Munich https://www.siltronic.com\n Siltronic resolves upon forecast of financial year 2019\n Munich, Germany, February 20, 2019 - The Executive Board of Siltronic AG today resolved upon the forecast of financial year 2019. It is expected that the wafer area sold in the first half of 2019 will be significantly lower than in the previous second half of 2018. Due to the expected recovery of the market environment in the second half of 2019 the Executive Board assumes the following development for the full year 2019:\n \n \n - Sales in the region of the previous year depending on exchange rate effects\n \n \n - Slightly higher average selling prices compared to 2018\n \n \n - EBITDA margin slightly below previous year\n \n \n - Cost positions negatively impacted by tariff increases and by around EUR 20 million from rising electricity costs in Germany\n \n \n - Depreciation as result of increased capital expenditure around EUR 20 million above previous year\n \n \n - EBIT due to higher depreciation and around EUR 20 million higher electricity costs in Germany a good 10 percent below previous year\n \n \n - Research and development (R&D) approximately 5 percent of sales\n \n \n - Tax rate between 15 and 20 percent\n \n \n - Financial result on previous year's level\n \n \n - Investment in capacity, automation and capabilities of around EUR 350 million. Projects already started to be completed on schedule. In 2020, the company plans to decrease investments significantly compared to 2019.\n \n \n - Net cash flow clearly positive but due to higher investments to decrease by approximately EUR 100 million compared to 2018 with a subsequent significant increase again in 2020\n \n \n - Earnings per share slightly below previous year\n Additional information\n ISIN: DE000WAF3001\n WKN: WAF300\n Deutsche Boerse: WAF\n Trading: Amtlicher Markt (Prime Standard),\n Frankfurter Wertpapierbörse\n Contact:\n Petra Müller Head of Investor Relations & Communications Tel.: +49 (0)89 8564 3133 E-Mail: [email protected] Information\n This adhoc announcement contains statements related to our future business and financial performance and future events or developments involving Siltronic th...