Soitec reports first half results of fiscal year 2022

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● H1’22 revenue of €373m, up 53% at constant exchange rates versus H1’21 ● H1’22 Electronics EBITDA1 margin2 at 36.8% of revenue ● H1’22 current operating income more than doubled to €75m ● FY’22 revenue expected at around $975m, up around 45% at constant exchange rates ● FY’22 Electronics EBITDA1 margin2 expected around 34% with a potential upside to reach around 35% ● NOVASiC acquisition to strengthen SiC products roadmap.

Soitec, a world leader in designing and manufacturing innovative semiconductor materials, today announced its results for the first half for fiscal year 2022 (ended on September 30th, 2021). The financial statements3 were approved by the Board of Directors during its meeting today.

Paul Boudre, Soitec’s CEO, commented: “We are very pleased to have resumed our strong growth trajectory and achieved our best semester ever. If revenue growth is even stronger than initially anticipated, we also benefited from a very good operating performance thanks in particular to the full loading of our historical plants and the successful ramp-up of our new industrial facilities. Looking ahead, the first half of our fiscal year 2022 is only the first step towards the ambitious targets we set ourselves for the next five years. Consequently, in order to keep pace with our customers’ needs and support their increasing demand, we continue investing in our human capital and industrial capacity both in Bernin and Singapore,” added Paul Boudre.

Full announcement

Source: http://www.soitec.com

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