|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||193.00 - 193.00|
|52-week range||181.89 - 273.50|
|Beta (5Y monthly)||1.66|
|PE ratio (TTM)||42.43|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The company appointed a new CEO last week, a decision described as "incomprehensible" by the executive committee, given the progress made by current CEO Paul Boudre. Paris-listed Soitec shares closed 6% higher on Wednesday, but are still down around 22% since the announcement. Soitec said in a statement that "all parties restated their determination to ensure a successful implementation of the succession plan".
SOITEC REPORTS FY’22 THIRD QUARTER REVENUE Q3’22 revenue reached the record level of €208m, up 40% at constant exchange rates versus Q3’21 First nine months of FY’22 revenue reached €581m, up 48% at constant exchange rates compared with the first nine months of FY’21 FY’22 revenue guidance is confirmed at around $975m, up around 45% at constant exchange rates FY’22 Electronics EBITDA1 margin2 guidance is also confirmed around 34% with a potential upside to reach around 35% Bernin (Grenoble), Fra
Following Pierre Barnabé's appointment as CEO on Wednesday, the executive committee sent a letter to the board of directors, seen by Reuters, describing the move as "incomprehensible" given the progress made by current CEO Paul Boudre. "The chosen successor of Paul Boudre, Pierre Barnabé, has the necessary skills and experience to lead Soitec as Chief Executive Officer for the next phase of growth towards our ambitious objectives," the group responded in a press release.