Report

X-FAB Silicon Foundries SE : Core business should continue to perform well; on track to deliver on targets; Buy and TP of €11 confirmed

>Expecting XFAB to deliver on Q2 outlook driven by solid core business - X-FAB Silicon Foundries SE (XFA) is due to report its Q2 2018 results on 31 July. We expect the company to deliver on its Q2 outlook (sales of $154-159m, EBITDA margin of 18-19%) and to confirm its full-year 2018e guidance. Key points to watch in the upcoming release will be 1/ update on the execution of the Altis, France fab strategy (i.e. qualifying next-generation customer products in its core...
Underlying
X-FAB Silicon Foundries SE

X Fab Silicon Foundries EV is a Belgium-based company primarily engaged in the semiconductors industry. The Company focuses on the design and manufacture of silicon wafers for mixed-signal integrated circuits (ICs). Its products are integrated with additional features, such as high voltage option, embedded non-volatile memory, optical, radio frequency (RF) and bipolar elements, as well as microelectromechanical sensors. The Company distributes silicon wafers for various applications, including automotive, industrial, medical, as well as consumer electronics and mobile communications sector. The Company operates in a number of countries, such as Germany, France, Malaysia and the United States.

Provider
Oddo BHF
Oddo BHF

​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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