EQS-News: Siltronic stand its ground in 2023 despite difficult market environment – Financial year 2024 still characterized by weak demand
As planned, the high level of capex led to a significant decrease in cash and cash equivalents and financial investments.
- As planned, the high level of capex led to a significant decrease in cash and cash equivalents and financial investments.
- Outlook for 2024 characterized by weak demand, especially in the first half of the year
As a result of the continued weak demand for silicon wafers, the Executive Board expects sales in 2024 to be the region of the previous year. - The Executive Board expects energy and material cost (before ramp cost) to be lower in 2024 than in the previous year.
- Due to the high level of capex in recent years, depreciation and amortization will almost double compared to 2023.