ISIN:DE000WAF3001

EQS-News: Siltronic ends wafer production for 'small diameters'

Retrieved on: 
Mittwoch, April 10, 2024

Munich, March 22, 2024 – Siltronic AG (MDAX/TecDAX: WAF) plans to gradually cease production of polished and epitaxial small diameter wafers at its Burghausen site.

Key Points: 
  • Munich, March 22, 2024 – Siltronic AG (MDAX/TecDAX: WAF) plans to gradually cease production of polished and epitaxial small diameter wafers at its Burghausen site.
  • Siltronic currently produces wafers with a diameter of 300 mm, 200 mm and wafers with smaller diameters (SD) of up to 150 mm.
  • "SD wafer production at Siltronic originated in Burghausen in 1968.
  • As one of the leading wafer manufacturers, Siltronic is globally oriented and operates production sites in Asia, Europe, and the USA.

EQS-News: Siltronic stand its ground in 2023 despite difficult market environment – Financial year 2024 still characterized by weak demand

Retrieved on: 
Mittwoch, März 13, 2024

As planned, the high level of capex led to a significant decrease in cash and cash equivalents and financial investments.

Key Points: 
  • As planned, the high level of capex led to a significant decrease in cash and cash equivalents and financial investments.
  • Outlook for 2024 characterized by weak demand, especially in the first half of the year
    As a result of the continued weak demand for silicon wafers, the Executive Board expects sales in 2024 to be the region of the previous year.
  • The Executive Board expects energy and material cost (before ramp cost) to be lower in 2024 than in the previous year.
  • Due to the high level of capex in recent years, depreciation and amortization will almost double compared to 2023.

EQS-News: Siltronic expands its Executive Board: Klaus Buchwald becomes Chief Operating Officer

Retrieved on: 
Mittwoch, März 13, 2024

Siltronic expands its Executive Board:

Key Points: 
  • Siltronic expands its Executive Board:
    Munich, Germany, March 12, 2024 – Effective August 1, 2024, the Supervisory Board has appointed Klaus Buchwald to the Executive Board of Siltronic AG.
  • The 55-year-old will assume the position of Chief Operating Officer (COO).
  • In his role, Mr. Buchwald will be primarily responsible for Operations and Supply Chain, Engineering and IT.
  • Furthermore, the existing division of responsibilities between CEO Dr. Michael Heckmeier and CFO Claudia Schmitt will remain unchanged.

EQS-News: Siltronic announces forecast for financial year 2024 and dividend proposal of EUR 1.20 for financial year 2023

Retrieved on: 
Montag, Februar 12, 2024

In the short-term, however, the continuing weakness in demand will weigh on the development in the financial year 2024.

Key Points: 
  • In the short-term, however, the continuing weakness in demand will weigh on the development in the financial year 2024.
  • In addition, the expected ramp costs for our new 300 mm fab in Singapore will become noticeable.
  • With the increase in production volume over the next few years, the fab will contribute significantly to the profitable growth of Siltronic.
  • The Executive Board expects a noticeable reduction in energy and material costs (before ramp costs) in 2024 compared to the previous year.

EQS-News: Siltronic achieves annual targets for 2023

Retrieved on: 
Montag, Februar 5, 2024

Since Siltronic nevertheless succeeded to keep sales prices stable, a preliminary EBITDA of

Key Points: 
  • Since Siltronic nevertheless succeeded to keep sales prices stable, a preliminary EBITDA of
    EUR 434 million was achieved in 2023, resulting in a continued solid EBITDA margin of 29 percent.
  • In the reporting year, Siltronic made record investments in property, plant and equipment and intangible assets of preliminary EUR 1,316 million (2022: EUR 1,074 million).
  • As announced, preliminary sales of EUR 357 million in Q4 2023 were slightly above the level of Q3 2023 (EUR 349 million).
  • Despite increased investments, the preliminary net cash flow for Q4 2023 improved significantly to EUR -32 million (Q3 2023: EUR -215 million).