(Boursier.com) — Soitec climbed by more than 4% to 171.40 euros this Friday, while the group’s turnover for the 2021-2022 financial year reached $ 1 billion for the first time, to 863 ME, up 50% at constant exchange rates, slightly above the guidance of around 45%.
Revenue for the 4th quarter 2021-2022 also reached a record level at 282 ME, up 53% at constant exchange rates compared to the 4th quarter 2020-2021.
The EBITDA margin for the 2021-2022 financial year is now expected to be around 35.5%. Soitec having previously indicated that it is aiming for a level of around 34% with a potential to reach around 35%.
For the 2022-2023 financial year, revenue is expected to grow by around 20% at constant scope and exchange rates and the EBITDA margin1 at a level at least equal to that of the 2021-2022 financial year .
Soitec is managing its activities with the aim of achieving a revenue target of around $2.3 billion and an EBITDA margin target of around 40% by the 2025-2026 financial year. Among the latest advice from brokers, Deutsche Bank raised its target from 200 to 225 euros with a buy advice. Over the week, the title climbed more than 10%…
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