Siltronic reports 17per cent EBITDA jump, sees good start to 20

  • Siltronic reports 17per cent EBITDA jump, sees good start to 20

     

     

    German chip supplier Siltronic reported a 17per cent rise in fourth-quarter earnings on Wednesday and said it expected semiconductor demand to increase in the mid and long terms.

     

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    Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 17.1per cent quarter-on-quarter to 144 million euros ($162.27 million), boosted by the release of around 12 million euros in provisions after the failure of GlobalWafers' tender offer on Monday.

     

    GlobalWafers' planned 4.35 billion-euro ($4.89 billion) takeover of Siltronic collapsed as the deal did not receive regulatory approval on time, although the door remained open to another attempt.

     

    "We now see ourselves in a strong position to remain successful as an independent company," Chief Executive Officer Christoph von Plotho said on Wednesday.

     

    Full-year sales rose 16per cent to 1.405 billion euros, thanks to catch-up effects from 2020, a stronger U.S. dollar and slightly higher prices in the second half of the year.

     

    Siltronic said ongoing geopolitical and global economic uncertainties and the COVID-19 pandemic would continue to shape 2022 and warned rising costs and inflation would have a negative impact on earnings.

     

    However, "megatrends" in the semiconductor industry would increase demand in the mid and long terms, it said, adding that it expects a good start to the year.