The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Marta Kinga Bruska - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Marta Bruska from Berenberg. I have 3 for the beginning. So first of all, your Q1 guidance of CHF 140 million to CHF 150 million sales look a little
bit soft after CHF 170 million reached in Q4. Could you please break that down to the impact -- possible impact from the coronavirus, perhaps on
the supply chain, that you may have included in that guidance? And from this inventory effect that you had in Q4, so when I compare Q4 to Q1,
then how much in Q4 was due to this extraordinary inventory adjustments?
Secondly, I would like to ask about Malaysia. You mentioned CHF 120 million sales for 2020. How much was that then in 2019? The last number, I
have some CHF 50 million, CHF 60 million. And third, if you can give us more detail on this large order in solar that was canceled in Q4.
Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst
: 2 main questions from my side. One is, again, on COVID-19. We had like warnings from SK hynix and also comments from Samsung in the past
days, including self-quarantined employees of hynix in South Korea. Is this development -- or to what extent is this development included in your
Q1 comments and Q2 comments? That would be question number one. Because I get the feeling that you are far more optimistic than what we
currently hear from the semi market.
And secondly, on the platform wins, can you indicate for how many platforms, maybe as a percent, how many platforms you are a sole supplier,
to LAM or TEL? And whether this sole supply components for specific categories, so maybe modules. That will be question number two.
And then maybe a third one, do you currently see exits of peer companies? Because your market share gains are so fast that it seems that other
companies are dropping product lines or are completely exiting the market.
Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst
: Understood. I have 2 follow-ups. On the platforms question, I'm not interested in -- if you're a sole supplier to certain clients. But just on the products
overall that you have for certain customer systems, what's the percentage where you are sole suppliers? Is there a number you can give?
Question: Sebastian Kuenne - RBC Capital Markets, Research Division - Analyst
: Okay. That's fine. And then on the cancellations that you had, I assume that's not related to COVID-19 for the solar panels. But for the existing orders
that you currently have in the books, and -- how would you assess the risk that there are cancellations on the existing order book or that you have
severe delays in deliveries? Is there any indication from your direct customers that they get cautious now or might step back from an order?
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