Brief: X Fab Silicon Foundries Expects Strong Growth in Second Half of the Year

X-Fab Silicon Foundries Europese Vennootschap

25/04/2024 06:11

April 25 (Reuters) - X Fab Silicon Foundries EV
 XFAB.PA :
    * X FAB SILICON FOUNDRIES EV - Q2 2024 REVENUE IS EXPECTED
TO COME
IN WITHIN A RANGE OF USD 200-210 MILLION
    * X FAB SILICON FOUNDRIES EV - Q2 2024 EBITDA MARGIN
EXPECTED IN
RANGE OF 20-23%
    * X FAB SILICON FOUNDRIES EV - GUIDANCE IS BASED ON AN
AVERAGE
EXCHANGE RATE OF 1.08 USD/EURO
    * X FAB SILICON FOUNDRIES EV - POSITIVE LONG-TERM OUTLOOK
FOR
X-FAB'S BUSINESS REMAINS UNCHANGED
    * X FAB SILICON FOUNDRIES EV - TOTAL CAPITAL EXPENDITURES IN
Q1
CAME IN AT USD 105.0 MILLION, UP 5% AGAINST PREVIOUS QUARTER
    * X FAB SILICON FOUNDRIES EV - CASH AND CASH EQUIVALENTS AT
END OF
Q1 AMOUNTED TO USD 351.5 MILLION
    * X FAB SILICON FOUNDRIES EV - WE EXPECT STRONG GROWTH IN
SECOND
HALF OF YEAR VERSUS FIRST HALF - CEO

Source text for Eikon:  ID:nBw2gfLDNa 
Further company coverage:  XFAB.PA 

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