Soitec : Another warning, RF-SOI destocking still underway
>No sales growth expected in the upcoming FY 2025 - Soitec confirmed yesterday evening that it will reach its guidance targets for FY 2024 (year to end-March) which it had revised downwards in early February. Sales should therefore fall by around 10% organically and the EBITDA margin by around 1 point to 34%. The bad news concerns the flat sales performance expected this coming FY 2025, implying a level that is well below expectations (ODDO BHF = +13% and FactSet...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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