Siltronic pointed out that in the first quarter of 2017, the average exchange rate of the euro against the US dollar was 1.06, which was 1.23 in the first quarter of 2018. The Castrol XQ global winner quote system showed that the euro has risen against the U.S. dollar for five consecutive quarters, and the first quarter of 2018 (1) -March) The appreciation of 2.67%. The euro was at 1.2167 against the US dollar on April 25, the lowest since January 18.
Siltronic AG reaffirmed on April 25 that the 2018 financial report released on March 5 unchanged, expected a strong euro will drag on revenue, EBITDA. According to the 1.25 exchange rate of the euro against the US dollar (Note: 1.13 in 2017) and 135 euro against The yen exchange rate (2017 is 127) to calculate, Siltronic expects the strong euro will lead to the 2018 contraction contraction reduction of 100 million euros, EBITDA will be reduced by 60 million euros.
Siltronic's revenue for 2017 increased by 26.1% year-on-year to 1.177 billion euros. The company estimates that it will reach at least 1.3 billion euros in 2018, equivalent to an annual increase of 10.4%.
Siltronic’s capital expenditure for the first quarter was 33.4 million euros, much lower than 61.4 million euros in the fourth quarter of 2017, but higher than the 19.3 million euros for the first quarter of 2017.
The prepayments received by Siltronic in the first quarter of 2018 were approximately 41 million Euros. It is expected that more prepayments will be received by the end of the year.
According to the Thomson Reuters quotation system, Siltronic fell 5.38% to close at 132.70 euros on April 25th, the lowest since March 7th; the cumulative increase over the past year was as high as 108.84%.