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Topsil Semiconductor Materials A/S lowers FY 2014 revenue and EBITDA expectations


Thursday, 3 Jul 2014 03:27pm EDT 

Topsil Semiconductor Materials A/S:Says the financial performance for FY 2014 will expectedly be affected by the ongoing customer complaint, reported in the stock exchange announcement no. 9/2014.Says the claim is related to a major customer and comprises silicon wafers representing an estimated aggregated value of about 20 mln Danish crowns.Says it has prepared and extraordinary forecast of sales and shipments for the remaining part of FY 2014.Following from this Topsil lowers its revenue and EBITDA expectations for the year.Says it now expects for FY 2014 revenue in the range of 270-290 million Danish crowns and EBITDA in the range of 0-10 million Danish crowns.The previously announced expectations for FY 2014 were revenue at the level of 2013 (312 mln Danish crowns) and EBITDA at minimum at the 2013 level (21 mln Danish crowns).