(CercleFinance.com) – The analyst believes that there are no surprises after the update of the 3rd quarter forecasts. UBS confirms its purchase advice on the stock and leaves its price target unchanged at E171, which represents an upside potential of 49%.
‘ Fiscal 2024 sales were in line with guidance provided last quarter and consensus. The guidance for the 2025 financial year has been reiterated,’ indicates UBS.
The annual turnover amounts to 978 ME, down 10% at constant scope and exchange rates, and on published data. The net profit amounted to 178 ME (compared to 233 ME for the previous year), i.e. a net margin of 18%.
The objectives for the 2024-2025 financial year are therefore confirmed: Soitec anticipates stable turnover at constant scope and exchange rates and an EBITDA margin of around 35%.
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