Soitec: Annual margin down, confidence in the recovery of the smartphone market – 05/22/2024 at 6:38 p.m.

A silicon wafer in a computer chip manufacturing factory

Semiconductor materials maker Soitec reported a decline in its EBITDA margin for its 2023-2024 fiscal year on Wednesday, citing a correction in inventories of RF-SOI (applied silicon-on-insulator substrates). to radio frequency) across the entire smartphone value chain.

The group published an EBITDA margin of 34% for the financial year ending March 31, compared to 37% a year earlier.

Annual turnover fell to 978 million euros, down 10% at constant scope and exchange rates.

“Regarding the 2024-2025 fiscal year, the correction of RF-SOI stocks will continue to have an impact on our turnover during the first part of the financial year,” said Pierre Barnabé, general manager of Soitec, cited in a press release.

However, he noted signs of improvement downstream in the value chain, with the return to growth of the smartphone market.

Soitec has confirmed its objectives for the 2024-2025 financial year and says it still expects a 15% year-on-year drop in its turnover in the first half of 2024-2025, as announced last March.

(Written by Diana Mandiá)

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