Brief: X-Fab Q1 EBITDA Down At 6.5 Million Dollars

X-Fab Silicon Foundries Europese Vennootschap

30/04/2019 16:43

April 30 (Reuters) - X FAB SILICON FOUNDRIES EV  XFAB.PA :
    * X-FAB FIRST QUARTER 2019 RESULTS
    * Q1 REVENUE WAS USD 131.0 MILLION, AT UPPER END OF GUIDANCE
OF
USD 126-133 MILLION
    * Q1 NET LOSS WAS USD 10.4 MILLION, DOWN USD 23.9 MILLION
YEAR-ON-YEAR
    * Q1 EBITDA WAS USD 6.5 MILLION, DOWN 68% YEAR-ON-YEAR AND
DOWN
59% QUARTER-ON-QUARTER
    * Q2 2019 REVENUE IS EXPECTED IN RANGE OF USD 128-135
MILLION
    * Q2 2019 EBITDA MARGIN IS EXPECTED IN RANGE OF 3% TO 9%
    * MANAGEMENT REMAINS CONFIDENT TO RETURN TO GROWTH IN SECOND
HALF
OF 2019
    * Q2 2019 GUIDANCE IS BASED ON AN AVERAGE EXCHANGE RATE OF
1.15
USD/EURO

Source text for Eikon:  ID:nBw4PhCmMa 
Further company coverage:  XFAB.PA 

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