Soitec reiterates its previously issued guidance for the financial year 2006-2007
• Formely denies the loss of a US customer
• Confirms sales guidance of 400 million Euros
• Confirms anticipated improvement to Group results for the full financial year
Bernin, France, October 9, 2006 – Soitec (Euronext, Paris), the leading manufacturer of silicon-on-insulator (SOI) wafers and other engineered substrates issues the following statements in the light of the recent share price movements.
Firstly the Group formely denies any fantasist rumours concerning the loss of an american customer. Anticipated sales growth is the result of regular updates to the contractual relationships with the major customers, notably those that have already been announced to the market.
Soitec confirms its 2006-2007 full year sales guidance of 400 million Euros based on a 1.25 Euro/Dollar exchange rate and this represents annual growth of about 50% over the prior financial year. Equally the Group reiterates its expectation for an improvement to its profitability for the full financial year.
Recent comments by the Group concerning certain analysts’ forecasts for the financial year 2006-2007 were directed principally to the potential impact on results arising from movements in the Euro/Dollar exchange rate compared to the actual rate for the prior financial year.
Reporting calendar
Q2 sales for the financial year 2006-2007 will be announced on Monday October 16, 2006 after the Paris Stock Exchange closes.
About The Soitec Group: The Soitec Group is the world’s leading innovator and provider of the engineered substrates that serve as the foundation for today’s 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 Soitec’s proprietary Smart Cut™ 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.
Soitec, Smart Cut and UNIBOND are trademarks of S.O.I.TEC Silicon On Insulator Technologies
For further information, please contact:
Iain Murray
Chief Financial Officer
Tel: +33 4 76 92 75 14
Email: investors@soitec.fr
Olivier Brice
Investor Relations – Financial Communication
Tel: +33 4 76 92 93 80
Email: olivier.brice@soitec.fr