Soitec upgrades margin guidance amid better operating performance
Soitec is on track to meet its sales growth guidanceYesterday, Soitec reported FQ2 2019 sales at EUR95.0m, up 29% yoy (31% like-for-like) and 3% sequentially (+2% lfl), broadly in line with our expectations. This includes EUR51.2m in sales from 200mm wafers (+11% yoy lfl), EUR41.3m from 300mm wafers (a+78% yoy lfl) and EUR2.5m (-26% yoy lfl) from Licences and IP revenue. Compared with last year, H1 revenue was up 36% lfl, in line with the reiterated growth for sales guidance of above 35%.
Soitec is a manufacturer of silicon and integrated circuits. Co. offers products based on Silicon-on-Insulator (SOI), which serves to support the manufacturing of more energy-efficient integrated circuits. Co.'s operations can be divided into three divisions: Electronics, Solar Energy and Lighting. The Electronics division manufactures and sells substrates and components intended for the microelectronics industry; the Solar Energy division manufactures and sells photovoltaic modules, designs and constructs turnkey projects, and operates photovoltaic power plants; and the Lighting division isolates resources to develop materials designed for the production of light emitting diodes.
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