X-FAB : 2024 guidance points to a sharp upturn in H2
>Q1 results at the lower end of guidance - X-Fab published its 2024 Q1 results. They come in mixed, with revenues up by only 4% to $ 216m (+5% excluding IFRS 15) and an EBITDA margin down by 430bp to 23.6% (24.0% excluding IFRS 15), i.e. EBITDA down by 12% to $ 51m. These results stand at the lower end of guidance (revenues = $ 215-225m and EBITDA margin = 24-27% => EBITDA = $ 52-58m) shy of consensus (revenues = $ 221m and margin EBITDA = 25.8% => EBITDA = $ 57m...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.
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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