Soitec : H1 preview: new profit warning factored into the share price
>H1 hit by major RF-SOI destocking, sales expected to be down 15% in line with management guidance - Soitec is due to publish its interim results on Wednesday evening (conference call on Thursday at 8am CET). This covers the period from April to September 2024.We expect sales to fall by 15%, in line with guidance (Q1 = -23%), consensus (-15%) and the trend seen in H1 of the previous year (-15%). Weak demand is mainly the result of RF-SOI destocking by customers i...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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