SUSS Reports Record Q3 Results, Expands Production to Meet Growing Semiconductor Demand

SUSS Reports Record Q3 Results, Expands Production to Meet Growing Semiconductor Demand

(IN BRIEF) SUSS has reported strong Q3 results, with sales of €102.5 million and a 16.9% EBIT margin, continuing a robust growth trend in 2024. The company is expanding production, including a new Taiwan facility, to meet high demand. SUSS expects to meet its raised forecast for 2024, with solid profitability across both major business segments.

(PRESS RELEASE) GARCHING, 7-Nov-2024 — /EuropaWire/ — SUSS, a key player in semiconductor equipment and process solutions, has reported strong third-quarter results for 2024, continuing its growth trend from earlier in the year. CEO Burkhardt Frick highlighted the company’s progress, with Q3 sales reaching €102.5 million and a robust EBIT margin of 16.9%, marking it as the most successful quarter of the year so far.

In the first nine months of 2024, sales rose by 46% to €295.3 million, with the order book totaling €430.8 million by September 30, ensuring capacity utilization into 2025. To meet growing demand, SUSS is expanding production capacity, including a new site in Zhubei, Taiwan, set to open in late 2025.

SUSS achieved notable profitability improvements, with the gross profit margin increasing from 29.4% last year to 39.0% in Q3 2024, driven by a positive product and customer mix. CFO Dr. Cornelia Ballwiesser emphasized that both the Advanced Backend Solutions and Photomask Solutions segments saw substantial growth, with gross profit margins rising to 41.6% and 35.5%, respectively. For the full year, SUSS expects to meet its raised forecast of €380-410 million in sales, a gross profit margin of 38-40%, and an EBIT margin of 14-16%.

While Q3 saw a dip in new orders to €84.0 million, the company noted a normalization in demand from Chinese customers after an extended period of high orders. Outside of China, order intake remained strong, with positive developments in coating solutions and an expected increase in demand for imaging solutions in Q4.

About SUSS

SUSS 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 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 supports more than 8,000 installed systems worldwide. SUSS 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 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 Koepsel
Vice President Investor Relations and Communications
E-Mail: sven.koepsel@suss.com
Tel.: +49 89 32007151

SOURCE: SUSS