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SSE Group could see profit turn to loss on equipment order push-outs
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SSE Group N.V. has said that its subsidiary SSE, Sister Semiconductor Equipment, GmbH has had equipment order push-outs due to the challenging conditions in the semiconductor industry. These push-outs could cause the company to incur a net loss for it current fiscal year compared to previous expectations of it turning a profit on expected sales of €8.5 million.
The company said that it was to look at several strategic options for the subsidiary including the liquidity of SSE Sister Semiconductor.