Shares in Suess Microtec surge after annual results top guidance

Investing.com - Shares in Suess Microtec (ETR:SMHNn ) soared in early European trading on Friday after the semiconductor group said it expects to post better-than-anticipated full-year sales.

Citing preliminary and unaudited figures, the Garching, Germany-based company said its fourth-quarter sales came in at 150 million euros, pushing up its annual top-line result to 445 million euros.

This would "significantly" exceed the projected range of 380 million euros to 410 million euros, Suess added.

Order intake at the supplier of equipment and process solutions used in the manufacturing of memory chips and other processors jumped during the quarter, totalling 147 million euros, with the advanced backend segment accounting for 102 million euros and its Photomask division for 45 million euros, the firm said. For the 2024 financial year, Suess received orders of 423 million euros.

Suess predicted that it would now achieve gross profit margin of roughly 40%, touching the upper end of the prior outlook of 38% to 40%. Earnings before interest and taxes margin is also tipped to be at about 17.5%, which would exceed an estimate of 14% to 16%, Suess said.

Shares in Suess have soared by more than 84% over the past one-year period.

Source: Investing.com