SUSS MicroTec Announces Strong H1 2024 Results and Upgraded Forecast

SUSS MicroTec Announces Strong H1 2024 Results and Upgraded Forecast

(IN BRIEF) SUSS MicroTec SE reported strong financial results for the first half of 2024, with a high order book of €450 million and a significant 45.6% increase in sales to €192.8 million. The Q2 sales reached €99.3 million, driven by demand in the Advanced Backend Solutions segment. The company achieved a gross profit margin of 39.8% and an EBIT margin of 15.6%, reflecting substantial profitability improvements. After-tax earnings from continuing operations were €22.5 million, up from €9.4 million the previous year. Confident in maintaining this momentum, SUSS MicroTec raised its full-year forecast, expecting sales between €380 to €410 million and improved profit margins.

(PRESS RELEASE) GARCHING, 8-AUG-2024 — /EuropaWire/ — SUSS MicroTec SE, a leading provider of equipment and process solutions for the semiconductor industry, has released its half-year financial report for fiscal year 2024, confirming key financial figures preliminarily announced on July 18, 2024.

Key Highlights

• Order Book: Remains robust at €450.0 million, an 18% increase from the previous year.
• Q2 Sales: Achieved €99.3 million, surpassing Q1 sales of €93.5 million.
• Revenue Growth: Sales rose by 45.6% to €192.8 million in the first half of 2024 compared to €132.4 million in the previous year.
• Segment Performance:
  • Advanced Backend Solutions: Sales increased by 39.1% to €136.0 million.
  • Photomask Solutions: Sales surged by 64.6% to €56.8 million.
• Profit Margins:
  • Gross profit margin improved to 39.8% from 35.6% last year.
  • EBIT margin increased to 15.6% from 8.7% last year.
• Earnings: After-tax earnings from continuing operations reached €22.5 million, significantly higher than €9.4 million in the previous year.

Strategic and Operational Insights

CEO Burkhardt Frick highlighted the ongoing high demand and the company’s commitment to expanding production capacities: “The high order book drives us to continue the expansion of flexible production capacities and measures to increase operational efficiency at full speed. The pressure on manufacturing remains high in order to meet the ambitious capacity expansion plans of our customers, especially for AI-related microchips.”

COO Dr. Thomas Rohe added: “We want to demonstrate that we are a strong partner for further growth and are working intensively to accelerate the delivery capability from our production sites in Germany and Taiwan.”

Financial Performance

In the first half of 2024, SUSS MicroTec’s gross profit increased by €29.7 million to €76.8 million, driven by a favorable product mix and volume effects. The EBIT rose to €30.1 million, reflecting an EBIT margin of 15.6%.

Outlook and Upgraded Forecast

CFO Dr. Cornelia Ballwiesser expressed confidence in sustaining the positive momentum: “We are confident that we will be able to build on the positive sales and margin momentum of the first half of the year in the second half. Consequently, we have raised our expectations for all three key forecast figures.”

Updated Forecast for 2024

• Sales: Expected to be between €380 to €410 million (previously €340 to €370 million).
• Gross Profit Margin: Anticipated to range from 38% to 40% (previously 35% to 38%).
• EBIT Margin: Projected to be between 14% to 16% (previously 10% to 12%).

Conclusion

Dr. Ballwiesser concluded: “The expected development of the financial performance indicators underlines the fact that we want to grow very significantly in the current transformation phase and achieve increasing profitability despite rising expenses for research and development, production, and administration.”

Access Full Report

The half-year financial report is available in both German and English at SUSS MicroTec Investor Relations.

About SUSS MicroTec
SUSS MicroTec is a leading supplier of equipment and process solutions for microstructuring in the semiconductor industry and related markets. In close cooperation with research institutes and industry partners SUSS MicroTec contributes to the advancement of next-generation technologies such as 3D Integration and nanoimprint lithography as well as key processes for MEMS and LED manufacturing. With a global infrastructure for applications and service SUSS MicroTec supports more than 8.000 installed systems worldwide. SUSS MicroTec is headquartered in Garching near Munich, Germany. The shares of SUSS MicroTec SE are traded in the Prime Standard of the German Stock Exchange (ISIN DE000A10K0235). For more information, please visit http://www.suss.com.

Legal Disclaimer
All statements in this release other than historical facts are forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Act of 1995. Words such as “believe”, “expect”, “intend”, “anticipate”, “estimate”, “should”, “may”, “will”, “plan” and similar words and terms used in relation to the enterprise are meant to indicate forward-looking statements of this kind. The company accepts no obligation toward the general public to update or correct forward-looking statements. All forward-looking statements are subject to various risks and uncertainties, as a result of which actual events may diverge numerically from expectations. The forward-looking statements reflect the view at the time they were made.

Media Contact:

Sven Köpsel
Vice President Investor Relations and Communications
E-Mail: sven.koepsel@suss.com
Tel.: +49 89 32007151

SOURCE: SUSS MicroTec