Brief: X Fab Silicon Foundries Q2 EBIT Loss Narrows To 2.8 Million Dollars

X-Fab Silicon Foundries Europese Vennootschap

27/08/2020 16:58

Aug 27 (Reuters) - X FAB SILICON FOUNDRIES EV  XFAB.PA :
    * Q2 NET LOSS -5.9 MILLION USD
    * Q2 REVENUE 118.8 MILLION USD
    * Q3 2020 REVENUE IS EXPECTED IN RANGE OF USD 91-97 MILLION
WITH
AN EBITDA MARGIN IN RANGE OF 0-4%.
    * GUIDANCE FOR Q3 2020 IS BASED ON AN AVERAGE EXCHANGE RATE
OF
1.18 USD/EURO.
    * Q2 BOOKINGS WERE USD 99.5 MILLION, DOWN 23% YOY AND 33%
QOQ
    * Q2 NET LOSS WAS USD -5.9 MILLION, UP USD 2.2 MILLION YOY
AND UP
USD 0.8 MILLION QOQ
    * Q2 EBIT WAS USD -2.8 MILLION, UP USD 2.8 MILLION YOY AND
DOWN
USD 1.3 MILLION QOQ
    * Q2 REVENUE WAS USD 118.8 MILLION
    * CAPITAL EXPENDITURES IN Q2 WERE REDUCED SUBSTANTIALLY TO
USD 7.5
MILLION, DOWN 64% COMPARED TO SAME QUARTER LAST YEAR

Source text for Eikon:  ID:nBw5VvWnka 
Further company coverage:  XFAB.PA 

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