(AOF) – X-Fab published its fourth quarter results. Over this period, its total turnover stood at $237.7 million, up 29% compared to the same period last year and 2% compared to the third quarter of 2023, thus being in the forecast range of $230 million to $245 million. Turnover in the technology group’s flagship markets – namely automotive, industrial and medical – contributed $222.5 million, an increase of 38%, representing 93% of the turnover. total business.
Over the period, Ebitda amounted to $59.6 million with an Ebitda margin of 25.1%, in line with the forecast range of 25 to 29%.
Cash and cash equivalents at the end of the fourth quarter were $405.7 million, up 4% from the end of the previous quarter.
X-FAB’s 2023 annual revenue was $906.8 million.
Rudi De Winter, CEO of X-FAB Group, said: “Our automotive business grew by 38% year-on-year, while revenues in the industrial and medical sectors increased by around 20% year-on-year. % each. This shows that X-FAB, with its specialized technologies, is perfectly positioned to continue on the path of growth.”
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Growing market and price tensions
According to the SIA, global chip sales stood at $151.7 billion in the first quarter of 2022, an increase of 23% year-on-year. Sales increased in all major regional markets and for all product categories. As global uncertainties, including the war in Ukraine and the health crisis, weigh on supply chains, demand for semiconductors continues to significantly exceed supply. Manufacturers Samsung and TSMC have announced that they will raise their prices, in a context where players in the sector have good room for maneuver and benefit from reinforced negotiating power. However, wage increases and component prices could weigh on future performance.