SOITEC

Soitec reports Q3 2014-2015 consolidated sales And announces strategic re-focus on its core electronics business

 Soitec reports Q3 2014-2015 consolidated sales
 And announces strategic re-focus on its core electronics business  

 

• Q3 Consolidated sales of 48.0 million Euros up 45.0% year on year - Mobility driven markets in Electronics continue to grow 
• Restructuring and value realization from solar energy business

Bernin, France, 19th January 2015 - Soitec (Euronext Paris), a world leader in generating and manufacturing revolutionary semiconductor materials for energy and electronics, today announced total consolidated sales of 48.0 million Euros for the third quarter up by 45.0% on a yearly basis.

On January 16^th, 2015, the Board of Directors unanimously decided to immediately implement a strategic plan which aims to re-focus Soitec activities on its core electronics business.

Consolidated sales

Consolidated Sales	2014-2015	2013-2014	Change
Euros millions
1st quarter	49.5	43.3	14.3%
2nd quarter	56.5	47.7	18.4%
3rd quarter	48.0	33.1	45.0%
Total 9 months	154.0	124.1	24.1%
Made up of:
Electronic business segment	113.8	122.5	-7.1%
Solar Energy business segment	38.6	1.0	-
Lighting business segment	1.6	0.6	-

Electronic Business Segment

Electronic Sales	2014-2015	2013-2014	Change
Euros millions
1st quarter	25.5	42.7	-40.3%
2nd quarter	44.0	47.2	-6.8%
3rd quarter	44.3	32.5	36.3%
Total 9 months	113.8	122.5	-7.1%

Third quarter

Third quarter Electronic segment reported a 36.3% revenue increase on a yearly basis with sales of 44.3 million Euros. Trends reported for H1 sales remain unchanged. Markets dedicated to mobility and smart phones continued to deliver growth leading to improved revenue diversification. Excluding favourable exchange rate impact, 200 mm wafer sales almost doubled to 29.4 million Euros compared to 15.1 million Euros last year and represented 75.6% of total wafer sales. 300 mm wafer sales were up by 16.1% at constant exchange rate and totalled 10.3 million Euros.

Licensing revenues were 0.8 million Euros and Equipment sales (i.e. Altatech) were 1.3 million Euros in the quarter.

9 months

Electronic segment reported consolidated revenues down by 7.1% at 113.8 million Euros.
Compared to the nine months of last year, 200 mm wafer sales were up by 56.0% at 78.1 million Euros (53.4% at constant exchange rate) and represented 73% of total wafer sales. 300 mm wafer sales decreased by 33.8% compared to the same period last year. Licensing revenues were 2.6 million Euros over the period and Equipment sales totalled 2.0 million Euros.