Soitec reports first half results of fiscal year 2021
- Sales of €254m, stable at constant exchange rates and perimeter[1]
- Electronics EBITDA[2] margin[3] slightly up at 30.4% of sales, in line with FY’21 guidance
- Very strong Electronics net operating cash flow at €102
- FY’21 sales still expected to be stable at constant exchange rates and perimeter[1] and FY’21 Electronics EBITDA[2] margin[3] confirmed around 30%
- FY’21 planned CAPEX increased to around 135m€
- FY’22 sales now expected above $900m / €800m based on €/$ exchange rate of 1.13.
H1’21 results analyst and investor conference call to be held in English on the 19th of November at 8:00am CET
A live webcast of the conference call will be accessible at the following address: https://channel.royalcast.com/webcast/soitec/20201119_1/
The slide presentation will be available on Soitec’s website at 8:00am CET.
The replay of the event will be available at the same address: https://channel.royalcast.com/webcast/soitec/20201119_1/ or directly from Soitec’s website.
[1] At constant exchange rates and comparable scope of consolidation; scope effect relates to the acquisition of EpiGaN N.V. in May 2019, which was renamed Soitec Belgium N.V. in July 2020; its revenues are included in the caption Royalties and other revenues.
[2] The EBITDA represents the current operating income 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. 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 half-year accounts were reviewed by auditors.