Brief: X-FAB Silicon Foundries Sees Q3 Revenue Of $162-170 Mln

X-Fab Silicon Foundries Europese Vennootschap

29/07/2021 18:14

July 29 (Reuters) - X Fab Silicon Foundries EV  XFAB.PA :
    * Q2 REVENUE 161 MILLION USD
    * X-FAB SECOND QUARTER 2021 RESULTS
    * Q3 2021 REVENUE IS EXPECTED IN RANGE OF USD 162-170
MILLION WITH
AN EBITDA MARGIN IN RANGE OF 18-22%
    * FULL YEAR REVENUE GUIDANCE HAS BEEN INCREASED TO USD
640-660
MILLION (PREVIOUSLY USD 610-630 MILLION) WITH AN EBITDA MARGIN
IN RANGE OF 21.5-23.5% (PREVIOUSLY 18-21%)
    * Q2 EBITDA MARGIN OF 26.9%, CLEARLY ABOVE 17-21% GUIDANCE
    * Q2 REVENUE WAS USD 161.0 MILLION, EXCEEDING GUIDANCE OF
USD
154-160 MILLION, UP 36% YEAR-ON-YEAR (YOY) AND UP 4%
QUARTER-ON-QUARTER (QOQ)
    * Q2 EBITDA WAS USD 43.3 MILLION, UP 173% YOY AND UP 22% QOQ
    * Q2 BOOKINGS CAME IN AT USD 209.1 MILLION REMAINING AT A
HIGH
LEVEL, UP 110% YOY AND FLAT QOQ
    * THE ORDER BACKLOG ACCUMULATED AT THE END OF THE SECOND
QUARTER
REMAINS AT A HIGH LEVEL AND WILL CONTRIBUTE POSITIVELY TO
BUSINESS GROWTH OVER THE COMING QUARTERS
    * CASH AND CASH EQUIVALENTS AT THE END OF THE SECOND QUARTER
WERE
AT USD 205.1 MILLION, UP 5% AGAINST THE END OF THE FIRST QUARTER

Source text for Eikon:  ID:nBwbgDDT9a 
Further company coverage:  XFAB.PA 

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