X-FAB announces sales growth and profit in the first quarter of 2004Erfurt, Germany, May 13, 2004.
X-FAB Semiconductor Foundries AG, one ofthe world's leading analog mixed-signal semiconductor foundries, today announced substantial sales growth and a return to profitability in the first quarter of 2004. Sales increased by 25% to EUR 31.0 million as of March 31, 2004. This compares to sales of EUR 24.9 million in the same period of last year.
Earnings before interest and taxes (EBIT) were EUR 5.0 million, which is an
improvement by EUR 10.9 million compared to an EBIT of minus EUR 5.9 million
that was reported for the first quarter of 2003. The operating result came in at
approximately EUR 0.5 million. This compares to a loss of EUR 3.6 million in the
same quarter of last year. Net income amounted to EUR 4.1 million, which compares to a loss of EUR 6.6 million in the same period of last year.
The positive development of earnings was also supported by a more favorable
US dollar exchange rate.
In the first quarter, X-FAB invested a total of EUR 7.7 million in the expansion of
its capacities for high-demand technologies. The positive development of business is also reflected in bookings, which showed an increase of 29% to EUR 37 million compared to the same period of last year. The book-to-bill ratio is 1.18.
In the second quarter, the company expects further sales growth of approximately 20% compared to the first quarter of 2004.
X-FAB Semiconductor Foundries AG, headquartered in Erfurt , Germany , is an
independent analog/mixed-signal Foundry manufacturing silicon wafers for
analog-digital integrated circuits (mixed-signal ICs) on customer order. The
company maintains production facilities in Erfurt (Germany), Plymouth (UK)
and Lubbock (Texas, US) and employs approx. 1,000 people worldwide. The
mixed-signal ICs are manufactured based on ultra-modern modular CMOS- and
BiCMOS- processes with technologies ranging from 1.0 down to 0.35 micron.
Main application areas are the automotive, communications, consumer and industrial sector.
X-FAB Press Contacts
+49-60 84 94 85-90
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