Soitec reports FY'22 third quarter revenue
- Q3’22 revenue reached the record level of €208m, up 40% at constant exchange rates versus Q3’21
- First nine months of FY’22 revenue reached €581m, up 48% at constant exchange rates compared with the first nine months of FY’21
- FY’22 revenue guidance is confirmed at around $975m, up around 45% at constant exchange rates
- FY’22 Electronics EBITDA[1] margin[2] guidance is also confirmed around 34% with a potential upside to reach around 35%
Bernin (Grenoble), France, January 26th, 2022 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced consolidated revenue of 207.6 million Euros for the third quarter of FY’22 (ended December 31st, 2021), up 39.6% compared with 148.7 million Euros achieved in the third quarter of FY’21. This reflects the combination of a 39.7% growth at constant exchange rates and a negative currency impact of 0.1% .
On a sequential basis, third quarter revenue was up by 6.9% at constant exchange rates compared with the second quarter of FY’22, representing a sixth consecutive quarter-over-quarter organic revenue growth since the first quarter of FY’21.
Paul Boudre, Soitec’s CEO, commented: “With a new record quarter we are well on track to achieve both our revenue and EBITDA margin guidance for the full year. Our performance continues to be supported by the deployment of 5G in mobile communications as well as by the sustained recovery of the automotive industry, while we are benefitting from an acceleration in smart devices.
In parallel to this strong growth, we are excited to continue to move forward on our environmental objectives with the approval of our targets by the Science Based Targets initiative (SBTi) Steering Committee” added Paul Boudre.
[1] The EBITDA represents the 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. 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 as an alternative to any other financial indicator.
[2] Electronics EBITDA margin = EBITDA from continuing operations / Revenue.
Analysts conference call to be held in English on Thursday 27th January at 8:00 am CET.
To listen this conference call, the audiocast is available live and in replay at the following address: https://channel.royalcast.com/soitec/#!/soitec/20220127_1