SOITEC : UBS reiterates its buy recommendation
The analyst believes that Soitec is still on track to meet full-year forecasts
' Third-quarter sales are broadly in line with expectations, and FY23 forecasts have been reiterated, which we believe will provide some relief ' says UBS.
Soitec continues to anticipate sales growth of around 20% at constant scope and exchange rates for the 2022-2023 financial year, and an EBITDA margin of around 36%.
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