Highlights Q4 2023: › Revenue was USD 237.7 million, up 29% year-on-year (YoY) and 2% quarter-on-quarter (QoQ); including USD -2.0 million due to changes in revenues recognized over time according to IFRS 15 › Continued strong growth in X-FAB’s key end markets – automotive, industrial, and medical – up 38% YoY* › All-time high revenues* across all technologies: CMOS revenue up 24% YoY, Microsystems revenue up 43% YoY and SiC revenue up 93% YoY › Strong bookings at USD 224.6 million, up 17% YoY › EBITDA at USD 59.6 million, up 41% YoY › EBITDA margin of 25.1%, within the guided 25-29% › EBIT was USD 35.6 million, up 69% YoY
Highlights 2023: › Revenue was USD 906.8 million, up 23% YoY; including USD 16.6 million of revenues recognized over time according to IFRS 15 › Core business – automotive, industrial, and medical – up 31% YoY* reaching a share of 91% of total revenues and a CAGR of 22% over the past five years › EBITDA at USD 245.6 million, up 82% YoY › EBITDA margin of 27.1%, slightly above the guided 23-27% › EBIT was USD 157.7 million, up 175% YoY
Outlook: › Q1 2024 revenue is expected to come in within a range of USD 215-225 million with an EBITDA margin in the range of 24-27%. › Full-year 2024 revenue is expected to come in at a range of USD 900-970 million with an EBITDA margin in the range of 25-29%. › This guidance is based on an average exchange rate of 1.10 USD/Euro.
Earnings per share at the end of period:
Q4 2023 USD 0.30 (Q4 2022 USD 0.32)
Year 2023 USD 1.20 (Full year 2022 USD 0.40