Siltronic narrows profit margin outlook, Q3 in line


Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

(Reuters) -Siltronic on Tuesday narrowed its annual profit margin outlook alongside third-quarter results which were in line with market expectations despite a negative currency impact and deliveries shifting into the next quarter.

The German semiconductor materials supplier reported sales of 300.3 million euros ($350.2 million) for the period, down from 357.3 million euros a year earlier. That was broadly in line with analysts' average forecast of 300.7 million euros, according to a poll by LSEG.

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