X-FAB Silicon Foundries SE: X-FAB First Quarter 2021 Results
Regulatory News:
Highlights Q1 2021:
› Revenue was USD 155.4 million, clearly exceeding the initial guidance of USD 145-152 million, up 22% year-on-year (YoY) and up 14% quarter-on-quarter (QoQ)
› Record quarterly bookings at USD 210.9 million, up 42% YoY and up 11% QoQ
› EBITDA margin of 22.9%, clearly above the 16-20% guidance
› EBITDA was USD 35.6 million, up 105% YoY and up 58% QoQ
› EBIT was USD 17.0 million, up USD 18.5 million YoY and up USD 13.4 million QoQ
Outlook:
› Q2 2021 revenue is expected in the range of USD 154-160 million with an EBITDA margin in the range of 17-21%.
› Based on projects in the pipeline, the strong demand and the backlog accumulated over the past two quarters, revenue guidance for the full year is raised to USD 610-630 million with an EBITDA margin in the range of 18-21%