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FY’16 Results

Jun 16, 2016, 05:00 by Celeste Lewis
  • Operations refocused on Electronics
  • Solid growth and improved profitability in Electronics
  • Group current operating income in positive territory
  • Steep reduction in the Group net loss
  • May-June 2016: debt reduced significantly and equity base restored
  • Outlook for FY’17: single-digit revenue growth and a stable EBITDA margin for Electronics

Bernin, France, June 16, 2016 – Soitec (Euronext Paris), a world leader in generating and manufacturing
revolutionary semiconductor materials, today announced its audited1 FY’16 results.
“FY’16 was a pivotal year for Soitec. In keeping with the strategy we unveiled at the beginning of 2015, we successfully refocused on
Electronics, our core business. We achieved strong momentum in this business, delivering both growth and profitability, with a 15%
EBITDA margin, as expected. Sales of our products for RF and power electronics applications are expected to remain brisk, and so we
are confident that our Electronics business will continue to produce profitable growth in FY’17”, commented Paul Boudre,
Chairman and Chief Executive Officer of Soitec.
“We also achieved some crucial progress during the past year towards strengthening our balance sheet, which was a strategic priority. As
we announced in February 2016, we recently completed the capital increases that enabled us to restore our financial flexibility while
strengthening our shareholder structure. With a robust balance sheet and the resources we need to finance our growth investments, we are
now in a position to capitalize on the promising outlook for FD-SOI and the development of consumer electronics markets”, he added.

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