(Reuters) – Semiconductor materials maker Soitec reported a decline in its EBITDA margin for its 2023-2024 fiscal year on Wednesday, citing a correction in RF-SOI (substrates in silicon on insulator applied to radio frequency) across the entire smartphone value chain.
The group published an EBITDA margin of 34% for the financial year ended March 31, compared to 37% a year earlier.
Annual turnover fell to 978 million euros, down 10% at constant scope and exchange rates.
“Regarding the 2024-2025 fiscal year, the correction of RF-SOI stocks will continue to have an impact on our turnover during the first part of the financial year,” said Pierre Barnabé, general manager of Soitec, cited in a press release.
However, he noted signs of improvement downstream in the value chain, with the return to growth of the smartphone market.
Soitec has confirmed its objectives for the 2024-2025 financial year and says it still expects a 15% year-on-year drop in its turnover in the first half of 2024-2025, as announced last March.
(Written by Diana Mandiá)
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