Latest news with #inventory
Bloomberg
6 hours ago
- Business
- Bloomberg
French Economy Unexpectedly Accelerates in 2Q
French economic growth unexpectedly accelerated in the second quarter, with output rising 0.3% as inventory building offset weak domestic demand and a drag from trade. The boost came entirely from increased stocks, while trade pushed down the overall number and domestic demand made zero contribution to growth, according to the report from statistics agency Insee. Bloomberg's Zoe Schneeweiss reports. (Source: Bloomberg)
CNA
a day ago
- Business
- CNA
Siltronic cuts annual revenue guidance, shares fall
German semiconductor materials supplier Siltronic on Tuesday lowered its full-year sales guidance and warned on sales in the next quarter, amidst continued weakness in its semiconductor business and high customer inventories. The group now expects sales to be in the mid-single-digit percentage range below the previous year, having previously guided towards sales being in the same region as the previous year. Shares in Siltronic, which have fallen 11.3 per cent since the start of the year including today's session, were down 7 per cent as at 1014 GMT. In 2024, the company, which makes silicon wafers used in semiconductor chips, achieved revenue of 1.41 billion euros ($1.63 billion), which was 7 per cent below the previous year. Siltronic, whose customers include Infineon, Intel, Samsung and TSMC, also said it expects third-quarter sales to be below the previous quarter's level, due to shifts in delivery volumes in 2025, most of which have been postponed to the fourth-quarter. Its second-quarter revenue amounted to 329.1 million euros, down from 351.3 million euros a year earlier. That was ahead of analysts' average forecast of 322 million euros according to a poll by LSEG. On a conference call with analysts, CEO Michael Heckmeier said that high customer inventories were an issue across the entire industry. Semiconductor materials suppliers have suffered from slower than expected customer inventories reductions. "We are stable, there's no indication that we are doing significantly better or worse than our peers." he said. U.S. President Donald Trump's sweeping tariffs and uncertainty over his trade policies have sent global markets into a tailspin and significantly dampened investors' economic optimism. Analysts at Jefferies said in a note that the U.S. and European Union agreement still poses some questions on the potential impact on wafers. Last week, ASML, the world's biggest supplier of computer chip-making equipment, also warned that it may not achieve revenue growth in 2026 as chipmakers building factories in the U.S. await clarity on the potential impact of tariffs. ($1 = 0.8631 euros)
Reuters
a day ago
- Business
- Reuters
Siltronic posts Q2 revenue above expectations, cuts guidance
July 29 (Reuters) - German semiconductor materials supplier Siltronic ( opens new tab on Tuesday posted better-than-expected quarterly sales, but cut its annual sales guidance amid continued weakness in its semiconductor business and high customer inventories. The company posted second-quarter revenue of 329.1 million euros ($379.9 million), down from 351.3 million euros a year earlier. That was ahead of analysts' average forecast of 322 million euros according to a poll by LSEG. However, the group lowered its annual revenue expectations. It now expects sales to be in the mid-single-digit percentage range below the previous year, having previously guided towards sales being in the same region as the previous year. Shares in Siltronic, which have fallen 4% since the start of the year including today's session, were down 0.7% in early trading. In 2024, the company, which makes silicon wafers used in semiconductor chips, achieved revenue of 1.41 billion euros ($1.63 billion), which was 7% below the previous year. "The visible growth in end markets has so far not led to a normalization of inventory levels at chip manufacturers. As a result, there is still no noticeable recovery in demand at Siltronic," CEO Michael Heckmeier said in a statement. U.S. President Donald Trump's sweeping tariffs and uncertainty over his trade policies have sent global markets into a tailspin and significantly dampened investors' economic optimism. Analysts at Jefferies said in a note that the U.S. and European Union agreement still poses some questions on the potential impact on wafers. Siltronic confirmed its earnings before interest, taxes, depreciation and amortization margin target of between 21% and 25% for the year. ($1 = 0.8631 euros)
CNA
a day ago
- Business
- CNA
Siltronic lowers full-year guidance
German semiconductor materials supplier Siltronic on Tuesday cut its annual sales guidance, amid continued weakness in its semiconductor business and high customer inventories. The group said it now expects sales to be in the mid-single-digit percentage range below the previous year, having previously guided towards sales being in the same region as the previous year. In 2024, the company achieved revenue of 1.41 billion euros ($1.63 billion), which was 7 per cent below the previous year. "The visible growth in end markets has so far not led to a normalization of inventory levels at chip manufacturers. As a result, there is still no noticeable recovery in demand at Siltronic," CEO Michael Heckmeier said in a statement. Siltronic confirmed its earnings before interest, taxes, depreciation and amortization margin target of between 21 per cent and 25 per cent for the year. ($1 = 0.8631 euros)
Yahoo
a day ago
- Business
- Yahoo
Siltronic lowers full-year guidance
(Reuters) -German semiconductor materials supplier Siltronic on Tuesday cut its annual sales guidance, amid continued weakness in its semiconductor business and high customer inventories. The company expects revenue growth in a mid-single-digit percentage range for 2025, having previously forecast sales growth to be in the previous year's region. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
