Siltronic AG: Siltronic increases forecast for financial year 2017
Ad hoc announcement / Disclosure of an inside information according to Article 17 MAR
81737 Munich, Germany
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.
The full results for the first half of the financial year 2017 will be released on July 28, 2017.
Head of Investor Relations & Communications
Tel: +49 (0)89 8564 3133
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.