Soitec SA SOIT.PA:
* SOITEC CONFIRMS ITS FORECAST FOR THE 2023-2024 FINANCIAL YEAR AND UNVEILS ITS OUTLOOK FOR THE 2024-2025 FINANCIAL YEAR
* STARTING TO SEE SIGNS OF IMPROVEMENT WITH A PARTIAL RESORPTION OF STOCKS DOWNSTREAM THE SMARTPHONE VALUE CHAIN AND AT THE FABLESS LEVEL
* EXPECTS THAT 2024-2025 TURNOVER WILL BE STABLE AT CONSTANT SCOPE AND EXCHANGE RATES COMPARED TO THAT OF THE 2023-2024 FINANCIAL YEAR
* REVENUE FOR THE 1ST HALF OF 2024-2025 SHOULD DECREASE BY APPROXIMATELY 15% ON A CONSTANT SCOPE AND CHANGES COMPARED TO THE 1ST HALF OF 2023-2024
* LOW POINT EXPECTED IN THE 1ST QUARTER 2024-2025
* EBITDA MARGIN FOR FY 2024-2025 IS EXPECTED TO BE AROUND 35%
* PROJECTS THAT RF-SOI INVENTORY CORRECTION WILL BE COMPLETED DURING FY 2024-2025
Original text on Eikon For more details, click on SOIT.PA
(Gdansk editorial office)