IQE PLC Iqe Plc: Pre-close Trading Update
25 Enero 2022 - 1:00AM
UK Regulatory
TIDMIQE
IQE plc
Cardiff, UK
25 January 2022
Pre-close Trading Update
IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier
of compound semiconductor wafer products and advanced material
solutions to the global semiconductor industry, provides a
pre-close Trading Update for the financial year ended 31 December
2021.
Revenue for the year ended 31 December 2021 is expected to be in
line with the November Trading Update guidance of circa GBP164m at
constant currency, subject to external audit review.
Cash capex spend for FY21 is expected to be in line with
previously issued guidance of GBP14m to GBP17m, resulting in a net
debt position at 31 December 2021 of c.GBP6m.
The Group will report its full year financial results on 29
March 2022.
Americo Lemos, Chief Executive Officer of IQE, said:
"Having joined the business in January I am pleased we have
delivered revenues in line with our November 2021 trading update. I
have been very impressed by the calibre and commitment of the
colleagues I have met during my first weeks with IQE as well as the
quality of our world-leading innovation. I am very excited about
the potential growth associated with macro technology trends and
IQE's position at the heart of these future products."
Contacts:
IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Tim Pullen
Amy Barlow
Peel Hunt LLP (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Edward Knight
Paul Gillam
James Smith
Citigroup Global Markets Limited (Joint Broker)
+44 (0) 20 7986 4000
Christopher Wren
Peter Catterall
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
Chloe Francklin: +44 (0)78 3497 4624
ABOUT IQE
https://www.globenewswire.com/Tracker?data=9XZpFHV_01czIg3UVcDOF29Hordw_MwmG0pdcOmK9sqq_iHDzTlD0le0I9YReM1XqQsePG6S1BhWIsSYGyrkpUzBIjVtvVXSedQklDG_jQiCZkWWzBWB9cRH9OcRbdQaLtB7fLFQjun5rjfxn-7tByodHNLNwZP6JWA9JGOGX-Y3QkYg1t_jQMn6kh4RJiNBCYDWkz8a7MifxInd5nxmdAZF7EPaXfb63Octc0Q9rsI=
http://iqep.com
IQE is the leading global supplier of advanced compound
semiconductor wafers and materials solutions that enable a diverse
range of applications across:
-- handset devices
-- global telecoms infrastructure
-- connected devices
-- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely
positioned in this market which has high barriers to entry. IQE
supplies the whole market and is agnostic to the winners and losers
at chip and OEM level. By leveraging the Group's intellectual
property portfolio including know-how and patents, it produces
epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with c. 670 employees across
nine manufacturing locations in the UK, US, Taiwan and Singapore,
and is listed on the AIM Stock Exchange in London.
(END) Dow Jones Newswires
January 25, 2022 02:00 ET (07:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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