Soitec posts Q1 sales in line with expectations

Soitec SA

22/07/2025 16:50

July 22 (Reuters) - French semiconductor materials
supplier Soitec  SOIT.PA  reported a 16% drop at constant
exchange rates in its first-quarter sales, due to high
customers' inventory and a weak automotive market.
    The company posted quarterly revenue of 92 million
euros($108 million), down from 121 million euros a year earlier,
but in line with analysts' average forecast of 93 million euros,
according to a company-provided poll.
    

($1 = 0.8519 euros)

 (Reporting by Ozan Ergenay in Gdansk; Editing by Emelia
Sithole-Matariseu)
 ((Ozan.Ergenay@thomsonreuters.com;))