(CercleFinance.com) – Soitec recorded revenue growth of 6% to €203 million in the 1st quarter of 2022-2023 at constant scope and exchange rates compared to the 1st quarter of 2021-2022.
“This performance is the result of sustained growth in Mobile Communications and strong growth in Automotive & Industry revenue,” the group said.
Revenue for the Mobile Communications division reached €152 million in the 1st quarter of 2022-2023, up 6% at constant scope and exchange rates compared to the 1st quarter of 2021-2022.
Soitec continues to anticipate revenue growth of around 20% at constant scope and exchange rates for the 2022-2023 financial year, and an EBITDA margin of around 36%.
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