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Investing.com -- Siltronic AG (ETR:WAFGn) on Thursday confirmed its preliminary 2025 financial results, reporting sales of €1,346.7 million, down 4.7% from €1,412.8 million in 2024, as the wafer manufacturer navigates headwinds from currency pressures and inventory challenges.
The company posted EBITDA of €316.9 million with a margin of 23.5%, compared to €363.8 million and 25.8% in the prior year. Adjusted for exchange rate effects and the shutdown of its SD production line, sales remained at the previous year’s level.
The wafer area sold increased YoY due to momentum in end markets, though this was offset by US dollar depreciation, price pressure outside long-term agreements, and elevated inventories particularly among 200mm product customers.
"Our consistently implemented cost and cash measures were crucial in enabling us to achieve our targets," said Dr. Michael Heckmeier, CEO of Siltronic AG. "While AI-driven end markets generated additional demand, high inventories in the Power segment and a weak US dollar had a dampening effect."
For 2026, Siltronic expects sales in the mid-single digit percent range below 2025 levels, based on an assumed EUR/USD exchange rate of 1.18. Excluding foreign exchange and SD effects, sales would be roughly in line with the previous year.
The company projects an EBITDA margin between 20% and 24%, with capital expenditure significantly reduced to €180-220 million from €369 million in 2025.
The company reported a net loss of €77.9 million for 2025, compared to net income of €67.2 million in 2024, with earnings per share of -€2.31 versus €2.10 the prior year. In line with its dividend policy, no dividend distribution is planned for the 2025 financial year.