Q2 2025 Siltronic AG Earnings Call Transcript
Key Points
- Siltronic AG (SSLLF) achieved its targets for the first half of 2025, delivering solid results despite subdued demand.
- The company successfully completed important prime wafer qualifications for its new fab, paving the way for depreciation to begin in August.
- EBITDA improved in Q2 2025, reaching EUR86 million, up from EUR78 million in Q1, with the EBITDA margin increasing to 26.3%.
- Siltronic AG (SSLLF) maintained stable market share among major competitors, demonstrating resilience in a challenging environment.
- The company is on track to complete the phase-out of its small diameters business by the end of July 2025, marking a successful transition process.
- Sales declined by 5% quarter-on-quarter, primarily due to FX effects and price differences.
- The weakening US dollar against the euro posed a significant headwind, leading to a revised full-year sales guidance.
- Net cash flow remained negative at EUR83 million, with CapEx exceeding depreciation.
- Elevated inventory levels across key segments continue to weigh on wafer demand, impacting short-term demand recovery.
- The company anticipates full-year 2025 sales to be in the mid-single-digit range below 2024 levels due to FX developments.
Hello, everyone and welcome to the presentation of Siltronic's Q2 2025 results. Please note that this call is being recorded and streamed on Siltronic's website. The call will also be available as an on-demand version later today. Your participation in this implies your consent with this.
At this time, I would like to turn the conference over to Verena Stutze, Head of Investor Relations and Communications of Siltronic AG.
Thank you, Elaine. Welcome, everybody, to our Q2 2025 results presentation. This call will also be webcast live on siltronic.com. A replay of the call will be available on our website shortly after the end of the call. We'll give you an overview of our financials, the current market development and our guidance.
After the presentation, we will be happy to take your questions. Please note that management's comments during this call will include forward-looking statements that involve risks and uncertainties. For a discussion of risk factors, I
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