(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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