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Search resuls for: "Paolo Laudani Ozan Ergenay"


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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
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