Soitec reports Q2 sales of €245 million, down 7% on a like-for-like basis compared with Q2 2022-2023, and down 9% on a reported basis.

We have maintained strong profitability and a solid financial position, while continuing to invest in R&D and industrial capacity, and building up inventories to prepare for the second half of the year", comments Soitec CEO Pierre Barnabé.

First-half sales totaled 401 ME, down 15% on a reported basis and on a like-for-like basis, in line with the Group's expectations.

The anticipated return to slight organic growth in the 2nd half of the 2023-2024 financial year has led to a moderate revision of the outlook for the 2023-2024 financial year: annual sales are expected to decline by around mid-single digit on a like-for-like basis, and the EBITDA margin by around 35%', says the Group.

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