(Reuters) – German silicon wafer supplier Siltronic reported on Thursday first-quarter sales that slightly exceeded guidance, despite an economic slowdown, geopolitical uncertainty, a lower wafer area sold and a stronger euro compared to the dollar.
The company posted quarterly revenue of 404.4 million euros ($445.16 million). That was down 14% from the previous quarter, or less than a drop of 15% the company had expected.
($1=0.9084 euros)
(Reporting by Anastasiia Kozlova and Paolo Laudani in Gdansk; Editing by Clarence Fernandez)
