Wednesday, 04. March 2020 08:45


  • As of today, no significant impact of coronavirus (COVID-19) outbreak on the Group’s operations

·FY’20 guidance confirmed: sales growth expected around 30% at constant exchange rates and perimeter and Electronics EBITDA1 margin2 expected around 30%

Bernin (Grenoble), France, March 4th, 2020 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, states that, as of today, it has not experienced any significant impact of the coronavirus (COVID-19) outbreak on its operations and therefore reiterates its FY’20 guidance (fiscal year 2020 ending March 31st, 2020).

Current status of the COVID-19 outbreak impact on Soitec’s operations

From the start of the outbreak, Soitec has implemented all compulsory measures to protect the health of its employees globally including travel limitations, home-working and use of health protection materials compliant with local government requirements. As of March 4th, 2020, no employee case has been reported globally and all personnel is safe.

Soitec continues to monitor closely the situation within its supply chain, its logistics network and with its customers. Both Bernin (France) and Singapore plants are currently operating without suffering any discontinuity. Regarding Simgui (Soitec’s manufacturing partner in Shanghai), there has been no significant impact of the outbreak on production.

Confirmed outlook

As of March 4th, 2020, and assuming regular product shipping conditions prevail until the end of the month, Soitec continues to expect FY’20 sales to grow by around 30% at constant exchange rates and perimeter. This guidance is supported by the strong level of sales expected in the fourth quarter of FY’20, which the Group will be able to supply thanks to anticipated manufacturing done over the past quarters.

Soitec also confirms expecting its Electronics EBITDA1 margin2 to reach around 30% based on a Euro / Dollar exchange rate of 1.13 (the sensitivity of EBITDA2 to a 10 cents fluctuation of the Euro / Dollar exchange rate being estimated at 23 million Euros).


This document is provided for information purposes only. It is public information only.

The Company’s business operations and financial position is described in the Company’s registration document 2018-2019 registered by the Autorité des marchés financiers (the “AMF”) on July 4th, 2019 under visa D.19-0649 (the “Document de Référence”) and in the Company’s FY’20 half year report released on December 2nd, 2019. Copies of the Document de Référence and of the FY’20 half-year report are available in French and English language through the Company and may also be consulted and downloaded on the Company’s website ( Document de Référence is also available on the AMF’s website (

Your attention is drawn to the risk factors described in Chapter 2 of the Document de Référence. A review of these risk factors has been conducted after the closing of the FY’20 first half and no new risk was found.

This document contains summary information and should be read in conjunction with the Document de Référence and the FY’20 half-year report. In the event of a discrepancy between this document and the Document de Référence or the FY’20 half-year report, the Document de Référence or, as the case may be, the FY’20 half-year report, shall prevail.

The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and you may not rely on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this document. The information contained in this document is provided only as of the date hereof. Neither the Company, nor its shareholders or any of their respective subsidiaries, advisors or representatives, accept any responsibility or liability whatsoever for any loss arising from the use of this document or its contents or in connection whatsoever with this document.

This document contains certain forward-looking statements. These forward-looking statements relate to the Company’s future prospects, developments and strategy and are based on analyses of earnings forecasts and estimates of amounts not yet determinable. By their nature, forward-looking statements are subject to a variety of risks and uncertainties as they relate to future events and are dependent on circumstances that may or may not materialize in the future. Forward-looking statements are not a guarantee of the Company’s future performance.

The Company’s actual financial position, results and cash flows, as well as the trends in the sector in which the Company operates may differ materially from those contained in this document. Furthermore, even if the Company’s financial position, results, cash-flows and the developments in the sector in which the Company operates were to conform to the forward-looking statements contained in this document, such elements cannot be construed as a reliable indication of the Company’s future results or developments.

The Company does not undertake any obligation to update or make any correction to any forward-looking statement in order to reflect an event or circumstance that may occur after the date of this document. In addition, the occurrence of any of the risks described in Chapter 2 of the Document de Référence may have an impact on these forward-looking statements.

This document does not constitute or form part of an offer or a solicitation to purchase, subscribe for, or sell the Company’s securities in any country whatsoever. This document, or any part thereof, shall not form the basis of, or be relied upon in connection with, any contract, commitment or investment decision.

Notably, this document does not constitute an offer or solicitation to purchase, subscribe for or to sell securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from the registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Company’s shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company’s securities in the United States.


Fourth quarter FY’20 sales are due to be published on April 22nd, 2020 after market close.  

About Soitec
Soitec (Euronext, Tech 40 Paris) is a world leader in designing and manufacturing innovative semiconductor materials. The company uses its unique technologies and semiconductor expertise to serve the electronics markets. With more than 3,500 patents worldwide, Soitec’s strategy is based on disruptive innovation to answer its customers’ needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the U.S. and Asia.

Soitec and Smart Cut are registered trademarks of Soitec.
For more information, please visit and follow us on Twitter: @Soitec_EN

Investor Relations:

Steve Babureck
+33 6 16 38 56 27 
+1 858 519 6230



Media Contact:


Alexandra Givert
+33 6 72 89 00 53


Isabelle Laurent
+33 1 53 32 61 51


Fabrice Baron
+33 1 53 32 61 27

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Soitec is a French joint-stock corporation with a Board of Directors (Société Anonyme à Conseil d’administration) with a share capital of € 65,906,527.00, having its registered office located at Parc Technologique des Fontaines - Chemin des Franques - 38190 Bernin (France), and registered with the Grenoble Trade and Companies Register under number 384 711 909.

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1 The EBITDA represents the operating income (EBIT) before depreciation, amortization, non-monetary items related to share-based payments, and changes in provisions on current assets and provisions for risks and contingencies, excluding income on asset disposals. Concerning FY’19, the impact in equity of the first-time application of IFRS 15 is included in EBITDA. This alternative indicator of performance is a non-IFRS quantitative measure used to measure the company’s ability to generate cash from its operating activities. EBITDA is not defined by an IFRS standard and must not be considered an alternative to any other financial indicator.

2 Electronics EBITDA margin = EBITDA from continuing operations / Sales.


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