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Soitec: half-year net income up 28%


(CercleFinance.com) – Soitec announces consolidated revenue for the first half of the 2022-2023 financial year of 471 million euros, up 26% in published data compared to the 373 million euros achieved in the first half of 2021- 2022. This increase is the result of growth of 18% at constant scope and exchange rates combined with a positive exchange rate effect of 9%, indicates the company.

At the same time, current operating income was up 46%, at 110 million euros, and EBITDA from continuing operations was up 22%, at 167 million euros.

The consolidated net income for the first half of 2022-2023 reached 95 million euros, an increase of 28% compared to the net income of 74 million euros achieved in the first half of the 2021-2022 financial year.

Soitec continues to anticipate revenue growth of around 20% for the 2022-2023 financial year at constant scope and exchange rates.

Soitec also confirms that its EBITDA margin should reach around 36% of revenue in 2022-2023 thanks in particular to the significant operating leverage the Group should benefit from thanks to the increase in volumes.

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