Earnings release
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Scitec SOITEC REPORTS FIRST HALF RESULTS OF FISCAL YEAR 2022 H1'22 revenue of € 373m , up 53 % at constant exchange rates versus H1'21 • H1'22 Electronics EBITDA¹ margin² at 36.8 % of revenue • H1'22 current operating income more than doubled to € 75m . FY'22 revenue expected at around $ 975m , up around 45 % at constant exchange rates FY'22 Electronics EBITDA¹ margin² expected around 34 % with a potential upside to reach around 35 % • NOVASIC acquisition to strengthen SiC products roadmap Bernin ( Grenoble ) , France , November 30th , 2021 - Soitec ( Euronext Paris ) , a world leader in designing and manufacturing innovative semiconductor materials , today announced its results for the first half for fiscal year 2022 ( ended on September 30th , 2021 ) . The financial statements³ were approved by the Board of Directors during its meeting today . Paul Boudre , Soitec's CEO , commented : " We are very pleased to have resumed our strong growth trajectory and achieved our best semester ever . If revenue growth is even stronger than initially anticipated , we also benefited from a very good operating performance thanks in particular to the full loading of our historical plants and the successful ramp - up of our new industrial facilities . Looking ahead , the first half of our fiscal year 2022 is only the first step towards the ambitious targets we set ourselves for the next five years . Consequently , in order to keep 1 The EBITDA represents the current operating income 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 . 2 Electronics EBITDA margin = EBITDA from continuing operations / Revenue . 3 Audit procedures were completed and the audit report is in the process of being issued . 1/15