Bernin (Grenoble), France, July 20th, 2016 – Soitec (Euronext Paris), a world leader in
manufacturing innovative semiconductor materials, today announced consolidated revenues of
55.4 million Euros for the first quarter of FY’17 (ended June 30th 2016), representing a 3%
increase, compared with 54.1 million Euros in the first quarter of the previous year1. This
represents a 4% increase at constant exchange rates whereas the Group had indicated
expecting revenues in line with those generated in the first quarter of the previous year at
constant exchange rates. On a sequential basis, first quarter revenues were 13% lower than
fourth quarter sales at constant exchange rates whereas the Group was expecting a sequential
decline of around 15%.
Paul Boudre, Soitec’s CEO and Chairman of the Board, commented: “Our first quarter
sales are slightly above our expectations and continue to be fueled by the strong demand for RF
and power applications in the mobile and automotive markets. Having completed the refocusing
of our group on its core Electronics business and successfully raised more than 150 million
Euros during the quarter, we maintain our confidence in the prospects resulting from the large-
scale adoption of FD-SOI technology by the semiconductor industry.”
©2025 Soitec
Order by
Newest on top Oldest on top