SÜSS MicroTec SE: 2017 sales below expectations
SUSS MicroTec sales in the 2017 financial year are expected to reach a value of around EUR 166 million. As a result, sales are below the previously expected range of EUR 170 to EUR 180 million and thus also below the market expectations, which are at the upper end of the previously expected range. Decisive for the lower than expected sales are postponements of final customer acceptances, which are prerequisites for revenue recognition. The corresponding sales will shift to the first quarter of 2018.
Due to the lower sales, earnings before interest and taxes (EBIT) will fall below the previously expected range of EUR 15 to 19 million in the financial year 2017. According to preliminary calculations, the company expects EBIT of around EUR 14 million, which is also below the current market expectations, which on average are based on reaching an EBIT of EUR 18.5 million.
Although sales and EBIT in the financial year 2017 will be below the Company forecast and market expectations, the high order intake for the financial year 2017, reported on January 3, 2018, which resulted in an order backlog of approximately EUR 133 million as of December 31, 2017 and will result in corresponding sales and earnings in the 2018 financial year, will remain unaffected.
The final figures for the 2017 financial year will be published by the company on March 27, 2018.
