SOITEC :Soitec reports total consolidated sales of 33.1 million Euros for Q3 2013-2014
Soitec reports total consolidated salesÂ of 33.1 million Euros for Q3 2013-2014
Bernin, France, 20th January 2014 - Soitec (Euronext Paris), a world leader in
generating and manufacturing revolutionary semiconductor materials for energy
and electronics, today announced total consolidated sales of 33.1 million Euros
for the third quarter, down by 44.7% on a yearly basis.
Consolidated Sales 2013-2014 2012-2013 Change
1st quarter 43.3 Â Â Â Â 60.3 -28.3%
2(nd) 47.7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 69.9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â -31.7%
3(rd) Â 33.1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 59.9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â -44.7%
Total 9 Â 124.1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 190.1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â -34.7%
Made up of:
Â Electronic business segment 122.5 185.8 -34.1%
Â Solar Energy business Â 1.0 4.3 not
Â Lighting business segment Â 0.6 - not
Electronic Business Segment
In the third quarter, the Electronic segment reported a 45.6% revenue decrease
on a yearly basis with sales of 32.5 million Euros. Trends reported for H1 sales
across the high performance market remain challenged as 300 mm wafer sales were
impacted by the weakness of the PC market and inventories reduction. We also
experienced inventory reductions and temporary slowdown in the mobility and
smart phone markets but expect to return to strong sequential growth in the
Sales in our Digital business (i.e. total 300 mm wafer sales) were down by
74.6% at 8.1 million Euros for the third quarter on a year-on-year basis and by
48.8% on a sequential basis. Other electronic sales dedicated to RF and mobile
applications (i.e. small diameter wafer sales excluding royalties and equipment)
for the third quarter were down by 11.6% at 23.0 million Euros and by 18.0% on a
sequential basis. Licensing and Equipment sales (i.e. Altatech) amounted to 0.6
million Euros and 0.7 million Euros in the third quarter, respectively.
Digital sales for the nine months have been divided by 2.4 at 42.0 million Euros
on a year-on-year basis. Other electronic sales were slightly down by 6.5% at
75.0 million Euros.
Licensing and Equipment sales were 2.1 million Euros and 3.4 million Euros for
the nine months, respectively.
Solar Energy and Lighting Business Segments
The Solar Energy division reported sales of 0.3 million Euros for the third
quarter. Reported sales, however, do not reflect the production of solar systems
during the quarter as the division has continued to ship finished products to
its South African project. Once the change of control over the project comes
into effect, the Company will be able to record related revenue.
Lighting revenues were 0.2 million Euros for the third quarter.
For the nine months, Solar and Lighting revenues totalled 1.6 million Euros.
Fourth quarter of the 2013-2014 Electronic sales are expected to show a strong
sequential growth. Strong sequential growth is expected to be driven by both
market segments: Â digital segments as well as RF, mobility and smart phones
segments. Electronic sales guidance for the full year remains unchanged with a
30 -35 % range decrease on a yearly basis.
The Electronic Division sees positive momentum in the adoption of Soitec's
fully-depleted technology (FDSOI) solutions with further announcements by
leading industry players anticipated over the course of the 2014 calendar year.
As already stated, strong sequential growth guidance for solar revenue remains
linked to the green-light from the South African Department of Energy on change
of control which will trigger revenue recognition. Some deliveries on several
small projects in various countries are anticipated for a total of 5 MW.
From a cash flow perspective, the critical milestone related to the connection
of 50% of the 44 MW solar plant capacity in South Africa is anticipated to be
completed before the end of March.
Q4 sales for the financial year 2013-2014 will be published on Tuesday 22 April
2014 after the closing of the Paris Stock Exchange.
Soitec is an international manufacturing company, a world leader in generating
and manufacturing revolutionary semiconductor materials at the frontier of the
most exciting energy and electronic challenges. Soitec's products include
substrates for microelectronics (most notably SOI : Silicon-on-Insulator) and
concentrating photovoltaic systems (CPV). The company's core technologies are
Smart Cut(TM), Smart Stacking(TM) and Concentrix(TM), as well as expertise in
epitaxy. Applications include consumer and mobile electronics, microelectronics-
driven IT, telecommunications, automotive electronics, lighting products and
solar power plants for large-scale utilities. Soitec has manufacturing plants
and R&D centers in France, Singapore, Germany, and the United States.
For more information, visit: www.soitec.com.
For all information, please contact:
Investor Relations Contact Â Media contact
Olivier Brice Marylen Schmidt
+33 (0)4 76Â 92Â 93Â 80 + 33 6 21 13 66 72
Press release in PDF:
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