Soitec : FY 24 publication with no breaking news after March profit warning
>Feedback from meeting with management - At yesterday afternoon's presentation of the FY 2024 results, management underscored the success of product and customer diversification (POI, FD-SOI, SmartSiC, etc.). As the business model is becoming more complex, it has been decided to no longer give a precise deadline for the medium-term ambitions to generate 1/ $ 2bn in sales (vs $ 1.1bn last year - growth coming 50% from Mobile Communications, 30% from Automotive & Indust...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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