Investing.com – Shares of Suess Microtec (ETR: ) jumped in early European trading on Friday after the semiconductor group said it expects to post better-than-expected full-year sales.
Citing preliminary and unaudited figures, the Garching, Germany-based company said its fourth-quarter sales were 150 million euros, pushing its annual result to 445 million euros.
That would “significantly” exceed the forecast range of 380 to 410 million euros, Suess added.
Order intake at suppliers of equipment and process solutions used in the production of memory chips and other processors jumped during the quarter to a total of 147 million euros, with the advanced backend segment accounting for 102 million euros and the Photomask division for 45 million euros, the firm said. For the financial year 2024, Suess received orders in the amount of 423 million euros.
Suess predicted it would now achieve a gross profit margin of roughly 40%, touching the upper end of its previous forecast of 38% to 40%. EBIT margin is also forecast to be around 17.5%, beating estimates of 14% to 16%, Suess said.
Shares in Suess are up more than 84% over the past one-year period.
