FRANKFURT (dpa-AFX Broker) - The shares of Siltronic are likely to come under considerable pressure on Tuesday. On Tradegate, the shares of the wafer manufacturer lost 11.5 percent to 81.60 euros in relation to the Xetra closing price on the previous day. This means that they have left the upward trend channel that began in May last year and are also falling below the 90-day line as an indicator of the medium-term trend.

A weak outlook from the company reflects a recovery in the end markets that is less strong than expected, wrote analyst Constantin Hesse from investment house Jefferies in an initial assessment. In addition, there are still large inventories on the customer side. The consensus estimate for the 2024 operating result (EBITDA) is now likely to fall by 15 to 20 percent. However, he added that the medium-term outlook for the company is solid./bek/mis