X-FAB : Another profit warning
>Q3 results at the bottom of the guidance – sharp drop in sales in the industrial and medical sectors - X-Fab reported its Q3 2024 results yesterday evening. They are at the bottom of the guidance with a -12% drop in revenue to $ 206m (ODDO BHF / consensus = $ 210-209m - reminder Q2 = -10% and Q1 = +4%) and an EBITDA margin down -370bp to 24.4% (ODDO BHF / consensus = 25.5/25.1%).In strategic segments, the group has been experiencing a sharp drop in sales in the ...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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