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Scitec SOITEC REPORTS FY'21 THIRD QUARTER REVENUES Q3'21 revenues reached € 149m , up 15 % at constant exchange rates and perimeter¹ versus Q3'20 • First nine months of FY'21 revenues are up by 5 % at constant exchange rates and perimeter¹ compared with the first nine months of FY'20 , reaching € 403m • FY'21 guidance confirmed : sales expected to be stable at constant exchange rates² and perimeter¹ and Electronics EBITDA³ margin expected around 30 % Bernin ( Grenoble ) , France , January 20th , 2021 - Soitec ( Euronext Paris ) , a world leader in designing and manufacturing innovative semiconductor materials , today announced consolidated revenues of 148.7 million Euros for the third quarter of FY'21 ( ended December 31st , 2020 ) , up 9.9 % compared with 135.3 million Euros achieved in the third quarter of FY'20 . This is the result of a 14.7 % increase at constant exchange rates and a negative currency impact of 4.8 % . On a sequential basis , third quarter sales were up by 7.2 % at constant exchange rates compared with the second quarter of FY'21 , confirming the quarter - over - quarter sales increase that was anticipated at the beginning of the fiscal year . 1 At constant exchange rates and comparable scope of consolidation ; scope effect only applies to Q1 ; it is related to the acquisition of EpiGaN N.V. in May 2019 ; there was no scope effect in Q2 and in Q3 ; EpiGaN N.V. was renamed Soitec Belgium N.V. in July 2020 ; its revenues are included in the segment Royalties and other revenues . 2 FY'21 net currency exposure at the EBITDA³ level is covered at an average € / $ rate of 1.13 , with FY'21 revenue hedged at an average € / $ rate around 1.15 3 The EBITDA represents the operating income ( EBIT ) before depreciation , amortization , non - monetary items related to share - based payments , and changes in provisions on current assets and provisions for risks and contingencies , excluding income on asset disposals . This alternative indicator of performance is a non - IFRS quantitative measure used to measure the company's ability to generate cash from its operating activities . EBITDA is not defined by an IFRS standard and must not be considered an alternative to any other financial indicator . 4 Electronics EBITDA margin = EBITDA from continuing operations / Sales . 1/8