SOITEC : Stifel confirms its opinion on the stock
Sales came in at 978 ME (consensus: 977 ME), with an EBITDA margin of 34% (consensus: 35%).
On the other hand, FCF came in at -43 ME, worse than the -10 ME expected, due to negative working capital of -142 ME resulting from certain advance payments to suppliers.
In addition, Soitec announced the third customer for its SmartSiC product, X-Fab.
This agreement does not constitute a license for the technology, but rather a complete contract under which Soitec will sell the wafers to X-Fab, which will then be able to offer them to its customers.
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