(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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