Highlights Q2 2023:
› Revenue was USD 227.1 million, up 20% year-on-year (YoY) and 9% quarter-on-quarter (QoQ);
including USD 8.3 million of revenues recognized over time due to long-term customer contracts in
accordance with IFRS 15
› Excluding this positive effect, revenues* would have been USD 218.9 million, within the guided
USD 205-220 million
› Strong growth in X-FAB’s key end markets – automotive, industrial, and medical – up 28% YoY
(excluding revenues recognized over time)
› EBITDA at USD 62.3 million, up 46.7% YoY
› EBITDA margin of 27.4%, slightly above the guided 23-27%
› EBIT was USD 40.8 million, up 69.9% YoY, with an EBIT margin of 18.0%
Outlook:
› Q3 2023 revenue is expected to come in within a range of USD 225-240 million with an EBITDA
margin in the range of 24-28%. This guidance is based on an average exchange rate of 1.10 USD/Euro.
› The FY 2023 guidance gets reconfirmed.