(AOF) – falling slightly above the forecast range of 24-28%. The technology group’s revenue reached $233.8 million, up 24%. The expected revenue for the fourth quarter of 2023 is estimated in a range of $230 million to $245 million with an Ebitda margin of 25 to 29%.
Rudi De Winter, CEO of X-Fab Group, said: “The third quarter was characterized by strong revenue growth in X-Fab’s key end markets, with our lead automotive business recording a 40% increase over report in the third quarter of 2022. The successful transformation of our business continues to contribute to increased profitability, thanks to economies of scale and a favorable product mix.
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Growing market and price tensions
According to 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.