Soitec: confirms FY targets despite coronavirus
(CercleFinance.com) - The supplier of semiconductor materials Soitec says that, to date, it has not suffered any significant impact on its activities related to the coronavirus epidemic.
It therefore maintains its forecasts for FY 2019-20 (ending 31 March).
Assuming that normal conditions for delivery of products continue until the end of the month, the group therefore still expects around 30% LFL sales growtth for its current fiscal year.
Soitec also confirms that for 2019-20 it expects an EBITDA margin of around 30% at its electronics division, based on a euro/dollar exchange rate of 1.13 (the sensitivity of EBITDA to a 10-cent change in this parity is estimated at 23 million euros).
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It therefore maintains its forecasts for FY 2019-20 (ending 31 March).
Assuming that normal conditions for delivery of products continue until the end of the month, the group therefore still expects around 30% LFL sales growtth for its current fiscal year.
Soitec also confirms that for 2019-20 it expects an EBITDA margin of around 30% at its electronics division, based on a euro/dollar exchange rate of 1.13 (the sensitivity of EBITDA to a 10-cent change in this parity is estimated at 23 million euros).
Copyright (c) 2020 CercleFinance.com. All rights reserved.