Siltronic (ETR:WAF) First Quarter 2024 Results

Key Financial Results

• Revenue: €343.5m (down 15% from 1Q 2023).

• Net income: €25.7m (down 61% from 1Q 2023).

• Profit margin: 7.5% (down from 16% in 1Q 2023). The decrease in margin was driven by lower revenue.

• EPS: €0.86 (down from €2.20 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Siltronic EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany.

Performance of the German Semiconductor industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Siltronic (2 are potentially serious!) that we have uncovered.

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