Soitec reports FY'20 third quarter revenues

• Q3’20 revenues reached €135m, up 16% versus Q3’19
• At constant exchange rates and perimeter¹, organic sales growth stands at +11% compared with Q3’19
• 150/200-mm wafer sales increased by 2% at constant exchange rates compared with Q3’19
• 300-mm wafer sales are up 19% at constant exchange rates versus Q3’19
• First nine months of FY’20 revenues reached €394m, up 30% on a reported basis i.e. up 23% at constant exchange rates and perimeter²
• FY’20 guidance confirmed: sales growth expected around 30% at constant exchange rates and perimeter² and Electronics EBITDA³ margin⁴ expected around 30%
  

To listen to the 6:15pm conference call, the audiocast is available in live and in replay at the following address: https://channel.royalcast.com/soitec/#!/soitec/20200121_1

[1] At constant exchange rates and comparable scope of consolidation; in Q3’20, scope effects relate to the acquisition of EpiGaN in May 2019, included in the segment Royalties and other revenues.

[2] At constant exchange rates and comparable scope of consolidation; in the first 9 months of FY’20, scope effects relate to the acquisitions of Dolphin Integration assets in August 2018 and EpiGaN in May 2019, both included in the segment Royalties and other revenues.

[3] 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. Concerning FY’19, the impact in equity of the first time application of IFRS 15 is included in EBITDA. 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.

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