Report
Antoine Lebourgeois

Canatu: FY24 results in line, H2-loaded FY25 outlook, limited visibility on EUV pellicles and ADAS heater ramp

On Friday, Canatu reported FY24 results for the first time as a listed company. Figures were broadly in line with our estimates, though gross margin fell short due to adverse mix effects from reactors—a transitory headwind, in our view, as reactor sales are expected to decline as a share of the mix
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Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Antoine Lebourgeois

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