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Oct 26(Reuters) - Oct 26 (Reuters) - German chip equipment supplier Siltronic improved its sales outlook on Thursday based on stronger revenue expected in the fourth quarter, forecasting a less severe slump this year than previously feared. The company now expects sales to drop by up to 17% this year, versus a previously forecast fall of up to 19%. The provider of silicon wafers for the semiconductor industry reported a 26% drop in its third-quarter sales to 349 million euros ($368 million). "Siltronic delivered a good Q3 beating consensus estimates across the board despite the continued demand weakness as a result of the inventory correction at semi-manufacturers", says Jefferies' analyst Constantin Hesse. Despite the weakened demand, Q4 sales are expected to be better on a quarterly basis indicating a potential low point in Q3, he added.

Persons: Siltronic, Jefferies, Constantin Hesse, Paolo Laudani, Rachel More, Toby Chopra Organizations: Thomson Locations: Frankfurt, Gdansk

REUTERS/Stephanie Lecocq/File PhotoLONDON/GDANSK, Aug 7 (Reuters) - European carriers on Monday reported disruptions and suspended flights across the African continent after Niger's junta closed its airspace on Sunday. The junta on Monday braced for a response from the West African regional bloc after ignoring its deadline to reinstate the country's ousted president or face the threat of military intervention. The disruption adds to a band of African airspace facing geopolitical disruptions including Libya and Sudan, with some flights facing up to 1,000 kilometers (620 miles) in detours. But aviation analyst James Halstead said that airlines would mostly have to find alternative routes and difficulties should be limited given the small number of African air connections. Spokespeople for Lufthansa (LHAG.DE) and Brussels Airlines said that flight times could be between one-and-a-half and three-and-a-half hours longer for rerouted flights.

Persons: Charles de, Stephanie Lecocq, FlightRadar24, James Halstead, I'm, Ilona Wissenbach, Tim Hepher, Jason Neely, Mark Potter, Conor Humphries Organizations: REUTERS, West African, Air, Lufthansa, Brussels Airlines, British Airways, Thomson Locations: Air France, Sudan, Djibouti, Paris, Charles de Gaulle, Roissy, France, GDANSK, Libya, detours, Europe, Africa, Ouagadougou, Burkina Faso, Bamako, Mali, Accra, Ghana, Nigeria, South Africa, Ethiopia, West Africa

Heckmeier said Siltronic was following the tussle between the United States and China for control of the chip industry and their mutual restrictions. Siltronic's product portfolio includes so-called Gallium Nitride-on-Silicon wafers, which enable high switching frequencies and efficient energy management, while working under high power densities. The Munich-based company reported an 8.7% sales decrease for the second quarter, and guided for 2023 sales to fall 14%-19% from last year's 1.81 billion euros. It now plans to invest 1.3 billion euros this year after previously guiding for investments slightly above last year's 1.07 billion. The new factory is expected to contribute to profit by 2025 the latest.

Persons: Michael Heckmeier, Heckmeier, Siltronic, Ozan Ergenay, Paolo Laudani, Kirsti Knolle, Jane Merriman Organizations: Thomson Locations: Singapore, Frankfurt, United States, China, Beijing, Munich, Gdansk

☆ Volkswagen shares recover after EV production cut reports
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - Shares in Volkswagen (VOWG_p.DE) inched higher on Wednesday, recovering slightly from a selloff the day before when the automaker played down reports it will cut EV output in Germany over the next two weeks because of lower than expected demand. Volkswagen "expects the trend in BEV (battery electric vehicle) orders, which already improved in May, to gradually stabilise in the coming months," spokesperson Christopher Hauss told Reuters. Following reports by news agency dpa-AFX of a production cut, Volkswagen shares fell 2% on Tuesday. However, some analysts said the reported production cut indicates the European EV market is not growing fast enough to support all the new EV models and planned extra capacity. "Our EV forecasts for Ford (F.N) and GM (GM.N) are a fraction of management targets by mid-decade", analysts at the investment bank say.

Persons: Christopher Hauss, Hauss, Volkswagen's, Daniel Schwarz, Morgan Stanley, Paolo Laudani, Barbara Lewis Organizations: Volkswagen, Reuters, EV, VW, Ford, GM, Thomson Locations: Germany, Emden

[1/2] The logo of chocolate and cocoa product maker Barry Callebaut is pictured during the company's annual news conference in Zurich, Switzerland, Nov. 7, 2018. REUTERS/Arnd Wiegmann/File PhotoApril 5 (Reuters) - Switzerland's Barry Callebaut (BARN.S), the world's biggest chocolate maker, on Wednesday appointed Peter Feld as its new chief executive after lowering sales volume guidance as inflation-hit consumers cut back on purchases. The chocolate maker now forecasts full-year volume growth to be "flat to modest," Chief Financial Officer Ben De Schryver said. Barry Callebaut shares were down 2.5%, according to Julius Baer bank's pre-market indications. The company said that the sales volumes decline moderated in the second quarter, slowing to -0.5%, from -5.1% in the previous quarter.

☆ Chocolate maker Barry Callebaut's half year sales volumes drop
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: 1 min

[1/2] The logo of chocolate and cocoa product maker Barry Callebaut is pictured during the company's annual news conference in Zurich, Switzerland, Nov. 7, 2018. REUTERS/Arnd Wiegmann/File PhotoApril 5 (Reuters) - Barry Callebaut (BARN.S), the world's biggest chocolate maker, on Wednesday reported lower half year sales volumes due to limited availability of its global brands and lower customer demand due by inflation. The Zurich-based company, which supplies chocolate for the Magnum ice creams made by Unilever (ULVR.L) and for Nestle's (NESN.S) KitKat bars, said sales volumes in its first half of fiscal 2022/2023 fell 2.9% to 1.130 million tonnes. Reporting by Andrey Sychev and Paolo LaudaniOur Standards: The Thomson Reuters Trust Principles.

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