X-FAB Silicon Foundries SE : Exit from the crisis in sight – Recommendation raised
>Losses deeper than expected in the last quarter - X-Fab reported its Q4 2019 results yesterday evening. The net loss proved deeper than expected (-$Â 22m vs ODDO BHF = -$Â 13m). The main reason did not lie with sales (-17% to $Â 113m vs guidance = $Â 111m-118m) but with the EBITDA margin (-2% vs guidance = 1/7%) which was impacted by one-off events (-$Â 5m due to a manufacturing issue and the end of a project with a supplier).For the first time, all of the group's ma...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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