The Munich-based chip supplier Siltronic, which has a plant in Freiberg, Saxony, has recorded a drop in sales in the current year. According to the company, sales in the first nine months of the year fell by 7.3 percent compared to the same period last year.
The market environment was challenging, but the results were "solid", the company added. "In the third quarter, as expected, significant shifts in delivery volumes into the fourth quarter and negative currency effects were noticeable, which temporarily weakened sales and profitability," said Siltronic CEO Michael Heckmeier at the presentation of the figures on Tuesday.
