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Siltronic jumps on second FY sales outlook hike this year

By Reuters News

** Shares in Siltronic WAFGn.DE jump around 8% after the German semiconductor materials supplier lifted its FY sales outlook for the second time this year, supported by strong demand for its wafer business

** Siltronic now expects FY revenue to be in line with last year's revenue of €1.34 billion ($1.50 billion), compared with an earlier forecast for sales to decline by low-to mid-single digit percentage from the prior year

** Analysts polled by LSEG expect annual revenue of €1.32 billion

** "Strong set of numbers above expectations should boost Siltronic shares," a local trader says

** The stock, which has gained 31.3% YTD including Wednesday's session, tops Germany's mid-cap index .MDAXI



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