Soitec has announced consolidated sales of 274 million euros for the 3rd quarter of the 2022-2023 financial year (ending December 31, 2022), up 32% on a reported basis on sales of 208 million euros for the 3rd quarter 2021-2022.

This increase resulted from like-for-like growth of 25% combined with a positive currency effect of 7%.

In Q3 2022-2023, Soitec reported like-for-like sales growth of 25% compared with Q3 2021-2022.

' This performance is the result of sustained growth in Mobile Communications and a strong increase in sales in both Automotive & Industry and Smart Devices ' says the group.

Soitec continues to anticipate sales growth of around 20% at constant scope and exchange rates for the 2022-2023 financial year, and an EBITDA margin of around 36%.

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