Soitec reports FY'22 fourth quarter revenue

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Bernin (Grenoble), France, Apr. 27, 2022 – 

Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced consolidated revenue of 282 million Euros for the fourth quarter of FY'22 (ended March 31st, 2022), up 56% compared with 181 million Euros achieved in the fourth quarter of FY'21. This reflects the combination of a 53% growth at constant exchange rates and a positive currency impact of 3%.

On a sequential basis, fourth quarter revenue was up 35% at constant exchange rates compared with the third quarter of FY'22, representing a seventh consecutive quarter-over-quarter organic revenue growth since the first quarter of FY'21.

Paul Boudre, Soitec's CEO, commented:"Thanks to another record quarter, we completed our fiscal year with a 50% annual organic growth, an even higher level than initially anticipated allowing us to pass the one billion US dollars revenue mark for the first time. We are very proud of such a strong performance and particularly pleased that significant growth was achieved by all our products, demonstrating the value that we bring to our customers on our three end markets: mobile communications, automotive and industrial, and smart devices.

"Among the key events of the quarter, in line with our FY'26 strategic roadmap, we announced the expansion of our manufacturing footprint in Bernin to ramp up overall production and manufacture innovative SmartSiC™ wafers. SmartSiC™ will primarily address the key challenges of the electric vehicle and industrial markets," added Paul Boudre.

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