(Reuters) – Soitec announced on Thursday that it is confirming its roadmap for 2025-2026 due to increased demand for semiconductors, after reporting annual results the day before in line with expectations.
The manufacturer of semiconductor materials expects sales of around 2.1 billion dollars (1.96 billion euros), and a doubling of its Ebitda margin (earnings before interest, taxes , depreciation and amortization), around 40%.
The size of the group’s addressable markets is expected to triple by 2030, Soitec said in a statement, citing strong growth in demand for semiconductors, greater penetration of innovative substrates and expansion of the product portfolio.
The stock market price of Soitec, which holds its “capital market day” during the day, fell by 0.54% on the Paris Stock Exchange at 08:09 GMT.
Soitec reported on Wednesday annual revenue of 1.1 billion euros, up 26% in reported data, and an EBITDA margin of 36%, “as expected”.
“Fiscal 2024 guidance has been reiterated. The market should take this as a relief given increased speculation in recent weeks for further cut amid continued weakness in the smartphone market.” , Jefferies analysts commented in a note.
(Written by Gaëlle Sheehan and Kate Entringer, edited by Blandine Hénault)
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