Soitec reports FY'23 third quarter revenue
- Q3’23 revenue reached €274m, up 32% on a reported basis and up 25% at constant exchange rates and perimeter
- Sharp growth achieved in both Automotive & Industrial and Smart devices, sustained growth in Mobile communications
- First nine months of FY’23 revenue reached €745m, up 20% at constant exchange rates and perimeter compared with the first nine months of FY’22
- FY’23 guidance confirmed: revenue growth expected around 20% at constant exchange rates and perimeter, and EBITDA[1] margin[2] expected around 36%
Bernin (Grenoble), France, January 25th, 2023 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced consolidated revenue of 274 million Euros for the third quarter of FY’23 (ended December 31st, 2022), up 32% on a reported basis compared with 208 million Euros achieved in the third quarter of FY’22. This reflects the combination of a 25% growth at constant exchange rates and perimeter and a positive currency impact of 7%[1].
Pierre Barnabé, Soitec’s CEO, commented: "Thanks to another strong quarter, we are in line to achieve our guidance for the fiscal year ending in March 2023, with an organic revenue growth around 20%. In mobile communications, we continue to benefit from the increase in RF content in the new generations of 5G smartphones as well as from long term agreements with our clients. We are also very pleased with the adoption of FD-SOI across our three end markets, particularly in automotive and smart devices. Lastly, we are confident in the prospects of our SmartSiC™ technology, as evidenced by the new cooperation agreement we signed last month with STMicroelectronics.”
[1] The scope effect related to the acquisition of NOVASiC, the closing of which took place on December 29, 2021, had no material impact on Soitec’s revenue.
[1] The EBITDA represents operating income (EBIT) before depreciation, amortization, impairment of non-current assets, non-cash items relating to share-based payments, provisions for impairment of current assets and for contingencies and expenses, and disposals gains and losses. 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
[2] EBITDA margin = EBITDA from continuing operations / Revenue
Analysts conference call to be held in English on Thursday 26th 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/20230126_1