X-Fab jumps after Q1 beat

X-Fab Silicon Foundries Europese Vennootschap

24/04/2025 08:45

** Shares in France-listed semiconductor foundry X-Fab XFAB.PA rise 7% after its first-quarter results came in above estimates

** Degroof Petercam analysts point to Q1 sales and profit beat, on top of in-line guidance for Q2

** "Sales beat by 4-6% vs. our estimate and company-compiled consensus, EBITDA beat by 2-6%, and EBIT beat by 27-35%," the broker says

** The group also confirmed its targets for FY 2025

** Shares are on track for their best day since December 4, 2024, if gains hold

 (Reporting by Federica Mileo)

 ((Federica.mileo@thomsonreuters.com))