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News and Information Article
- Q1 Sales
- 85.7 million Euros and year-on-year growth of 67%
- Wafer sales sequential growth of 15% at constant exchange rate
- Guidance for sales and positive operating leverage confirmed
BERNIN, France, July 17 /-FirstCall/ -- Soitec (Euronext
Paris), the leading manufacturer of silicon-on-insulator (SOI) wafers and
other engineered substrates, today announced consolidated sales of 85.7
million Euros for the first quarter of its financial year 2006-2007, which
represents a year-on-year growth of 67.1% and is consistent with the
companys existing guidance. Sales for the quarter set another record
level, again illustrating the continuing adoption of SOI by the
semiconductor industry. SOI wafer sales recorded sequential growth of 10.8%
in total and 14.5% at constant exchange rates.
Sales 2006-2007 2005-2006 Growth
(Euros millions)
First Quarter 85.7 51.2 +67.1%
Soitecs fiscal year runs from April 1 to March 31
300-mm SOI Wafer Adoption Continues to Drive Record Sales
SOI wafer sales were 82.2 million Euros for the quarter, a year-on-year
growth of 67.0%, or 62.8% at constant exchange rates. This performance was
predominately driven by very strong 300-mm volumes showing sales growth of
109.6% over the previous year and representing 67% of total wafer sales.
Other wafer sizes, notably 200-mm, also provided robust growth of 17.7%.
These trends continue to validate Soitecs strategic investments in
production capacity to meet rising demand-as evidenced by the installation
of two more 300-mm lines earlier this year.
Picogiga sales and licensing revenues complete the Groups total
consolidated sales. Picogigas traditional market for RF applications
contributed to sales growth with a very strong year-on-year increase of
110.6% to 2.7 million Euros. Licensing revenues were stable at 0.8 million
Euros for the quarter.
Positive Outlook
SOI demand continues to gain momentum across the semiconductor industry
for high-performance, low-power advanced microprocessors, as well as with
foundries for new applications such as game consoles and media rich content
products for both the business computing and the mass consumer markets. The
Group is confident of outperforming forecasted market growth and confirms
its guidance for full year consolidated sales to be about 400 million Euros
at the current exchange rates. This anticipated sales growth is supported
by the renewal of contractual commitments with its major customers and will
be accompanied by an improvement to the Groups income resulting from
operating leverage.
Recent Developments
Soitec has recently reported that in order to support Grenoble-based
TraciT Technologies and increase production capacity, the company has
purchased 1,300 square meters of equipped clean room space located adjacent
to Soitecs Bernin facility. This also provides facilities for the
strategic R&D investment project NanoSmart, a partnership between Soitec
and CEA Leti.
Following the strategic announcement and capital increase in March, the
Group announced the selection of an industrial site in Singapore as the
location for its future 300-mm SOI wafer fab. The timing of the
construction is as previously announced, with production planned to start
in mid-2008 and full capacity expected to be one million wafer starts per
year.
Reporting Calendar
Q2 sales for 2006-2007 will be published on 16th October 2006 after the
close of the Paris Stock Exchange.
About The Soitec Group:
The Soitec Group is the worlds leading innovator and provider of the
engineered substrates that serve as the foundation for todays most
advanced electronic products and nanotechnologies. Headquartered in Bernin,
France, the company manufactures its comprehensive portfolio of engineered
substrates, including silicon-on-insulator (SOI) and strained SOI (sSOI),
using Soitecs proprietary Smart Cut(TM) technology-the de facto industry
standard. With its strong global presence, patented technology and
industry-leading production capacity, Soitec is helping to drive the
performance and power advantages that are key to the smaller, more power
efficient, and increasingly mobile electronic products favoured by
consumers worldwide. Both shares and convertible bonds are listed on
Euronext Paris. For more information, visit the companys website located
at http://www.soitec.com.
NOTE: Soitec, Smart Cut and UNIBOND are trademarks of S.O.I.TEC Silicon
On Insulator Technologies
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