The analyst believes there are no surprises after the update of Q3 forecasts. UBS confirms its Buy recommendation on the stock and leaves its target price unchanged at E 171, which represents a potential upside of 49%.

' Sales for fiscal 2024 were in line with last quarter's forecasts and with consensus. Guidance for fiscal 2025 has been reiterated' says UBS.

Annual sales totaled ME 978, down 10% on a like-for-like basis and at constant exchange rates, and on a reported basis. Net income amounted to 178 ME (versus 233 ME for the previous year), representing a net margin of 18%.

Objectives for the 2024-2025 financial year are therefore confirmed: Soitec anticipates stable sales on a like-for-like basis and an EBITDA margin of around 35%.

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