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Scitec SOITEC REPORTS FY'21 FOURTH QUARTER REVENUES In line with guidance , full - year FY'21 revenues were up 1 % at constant exchange rates and perimeter¹ reaching € 584m , ( down 2 % on a reported basis ) • Q4'21 revenues reached € 181m , down 6 % at constant exchange rates and perimeter¹ versus record revenues in Q4'20 and up 23 % versus Q3'21 • Q4'21 confirmed sequential quarter over quarter sales growth achieved throughout the fiscal year • FY'21 Electronics EBITDA² margin³ still expected around 30 % . FY'22 revenue guidance confirmed , with sales expected above $ 900m - Bernin ( Grenoble ) , France , April 21st , 2021 Soitec ( Euronext Paris ) , a world leader in designing and manufacturing innovative semiconductor materials , today announced consolidated revenues of 180.7 million Euros for the fourth quarter of FY'21 ( ended March 31st , 2021 ) , down 11.3 % compared with the record level of 203.8 million Euros achieved in the fourth quarter of FY'20 . This is the combination of a 6.2 % decrease at constant exchange rates and a negative currency impact of 5.1 % . On a sequential basis , fourth quarter sales were up by 23.0 % at constant exchange rates compared with the third quarter of FY'21 , confirming the quarter - over - quarter sales increase that has been 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 , Q3 and Q4 ; EpiGaN N.V. was renamed Soitec Belgium N.V. in July 2020 ; its revenues are included in the segment Royalties and other revenues . 2 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 . 3 Electronics EBITDA margin = EBITDA from continuing operations / Sales . 1/8