Munich The high-tech group Siltronic wants to become more profitable despite rising costs. This year, 34 to 37 percent of sales should remain as earnings before interest, taxes, depreciation and amortization, as the company announced on Wednesday. Rising sales prices in the currency of account would be offset by inflation-related rising costs of around 120 million euros. These might not be offset by austerity programs.
In 2021, the manufacturer of silicon wafers had achieved an operating profit margin of 33.2 percent. Sales are expected to increase by 15 to 22 percent in 2022, following 1.41 billion euros last year. Siltronic announced that it would now increase the dividend by 50 percent to EUR 3 per share.
After the recently failed takeover by the Taiwanese competitor Globalwafers, the company also wants to invest from its own resources. Investments of 1.1 billion euros are planned for 2022, two-thirds of them in the construction of the new factory planned in Singapore.
At the beginning of February, Globalwafers failed to force the takeover before the administrative court in Berlin. Robert Habeck’s (Greens) Federal Ministry of Economics had previously let the deadline in which it should have given its approval for the 4.35 billion euro deal pass.
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CEO Christoph von Plotho ruled out a capital increase for the current year. Sales of silicon wafers for chip production are expected to increase by almost four percent, and sales by 15 to 22 percent thanks to higher sales prices.
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