(Reuters) – Soitec reported on Wednesday a drop in line with expectations in its turnover in the first half of its 2024-2025 financial year.
Over the first six months of the financial year, its turnover amounted to 338 million euros, a decrease of 15% at constant rates and scope compared to the previous financial year.
The decline in Soitec’s performance is explained by headwinds linked to the smartphone and automobile sectors, according to a company press release, these losses having only been partly offset by the 57% increase in turnover of the group’s “Cloud and AI” section in the first half.
These difficulties are reflected in the 83% drop in net income per share, which stood at 0.39 euros over the period.
On the other hand, the earnings before interest, taxes, depreciation and amortization (Ebitda) margin remains solid at 33.4%, up 40 basis points compared to the previous year.
Soitec also confirmed its outlook for the 2025 financial year, namely revenue expected at a stable level at constant scope and exchange rates compared to 2023-2024 and an Ebitda margin of around 35%.
“We are confident in our ability to extend our rebound during the second part of our financial year, particularly in the fourth quarter, as the situation with RF-SOI inventory levels begins to improve,” declared Pierre Barnabé, CEO of Soitec, in the press release.
(Written by Pauline Foret)
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