Soitec reports First Half Results of Fiscal Year 2020

• Sales up 30% at constant exchange rates and perimeter¹ to €258.5m
• Current operating income up 23% to €51.3m
• Electronics EBITDA² margin³ at 30.2% of sales in line with FY guidance
• Net profit up 28% at €41.5m
• Electronics net operating cash flow at €36.2m
• €51.2m capex spent in H1’20
• FY’20 guidance confirmed: sales growth expected around 30% at constant exchange rates and perimeter¹ and Electronics EBITDA² margin³ expected around 30%
  

To listen to the 6:15pm presentation, the webcast is available in live and in replay at the following address:

https://channel.royalcast.com/soitec/#!/soitec/20191127_1

[1] At constant exchange rates and comparable scope of consolidation; scope effects relate to the acquisitions of Dolphin Integration assets in August 2018 and EpiGaN in May 2019, both included in the caption Royalties and other revenues.

[2] The EBITDA represents the current operating income (EBIT) before depreciation, amortization, non-monetary items related to share-based payments, and changes in provisions on current assets and provisions for risks and contingencies, excluding income on asset disposals. The impact in equity of the first time application of IFRS 15 was included in EBITDA for the fiscal year ended 31 March 2019 and for the 6 month period ended 30 September 2018. This alternative indicator of performance is a non-IFRS quantitative measure used to measure the company’s ability to generate cash from its operating activities. EBITDA is not defined by an IFRS standard and must not be considered an alternative to any other financial indicator.

[3] Electronics EBITDA margin = EBITDA from continuing operations / Sales.

[4] The annual consolidated accounts were audited and the half year accounts were reviewed.