Brief: X-Fab Silicon Foundries Q1 EBITDA Up At $41.0 Million

X-Fab Silicon Foundries Europese Vennootschap

28/04/2022 06:23

April 28 (Reuters) - X-Fab Silicon Foundries EV  XFAB.PA :
    * Q1 REVENUE ROSE 15 PERCENT TO 178.7 MILLION USD
    * Q1 REVENUE WAS USD 178.7 MILLION, WITHIN GUIDANCE OF USD
175-185
MILLION, UP 15% YEAR-ON-YEAR (YOY) AND UP 4% QUARTER-ON-QUARTER
(QOQ)
    * Q1 EBITDA MARGIN OF 23.0%, AT UPPER END OF 19-23% GUIDANCE
    * Q1 EBITDA WAS USD 41.0 MILLION, UP 15% YOY AND UP 21% QOQ
    * Q2 2022 REVENUE IS EXPECTED TO BE IN RANGE OF USD 180-190
MILLION WITH AN EBITDA MARGIN IN RANGE OF 20-24%. THIS GUIDANCE
IS BASED ON AN AVERAGE EXCHANGE RATE OF 1.10 USD/EURO
    * MANAGEMENT REITERATES ITS FULL-YEAR GUIDANCE WITH REVENUES
IN
RANGE OF USD 750-815 MILLION AND AN EBITDA MARGIN IN RANGE OF
21-25%
    * ADJUSTS LONG-TERM GUIDANCE AND EXPECTS TO REACH USD 1
BILLION IN
ANNUAL REVENUES TWO YEARS EARLIER THAN ORIGINALLY PLANNED 2026
INDICATED AT X-FAB INVESTOR DAY IN MAY 2021. CORRESPONDING
EBITDA MARGIN GUIDANCE HAS BEEN RAISED TO >30% (PREVIOUSLY >27%)
    * CASH AND CASH EQUIVALENTS AT END OF Q1 AMOUNTED TO USD
259.3
MILLION, A DECREASE OF 11% COMPARED TO PREVIOUS QUARTER END
    * Q1 PROFIT FOR PERIOD USD 19.4 MILLION VERSUS USD 12.8
MILLION
YEAR AGO

Source text for Eikon:  urn:newsml:reuters.com:*:nBw5JyjjNa
Further company coverage:  XFAB.PA 

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