Sales, profits fall at IQE in H2
September 02, 2009 //
Wafer supplier IQE plc (Cardiff, Wales) posted a first-half operating loss for the first half of 2009 ended 30 June due to lower demand, but forecast a significant growth in sales during the second half and beyond as trading returned to pre-recession levels.
LONDON Wafer supplier IQE plc (Cardiff, Wales) posted a first-half operating loss for the first half of 2009 ended 30 June due to lower demand, but forecast a significant growth in sales during the second half and beyond as trading returned to pre-recession levels.
Sales were worth £21.4 million, compared to £30.2 million for the corresponding period last year. Gross profits were £3.8 million compared with £4.3 million in the first half of 2008.
Capital expenditure was just £0.7million, (H1 2008: £3.4m) which included £0.3m to complete capital projects begun in 2008.
Commenting on the interims, Dr Drew Nelson, IQE Chief Executive, said: "IQE is in a strong position, having taken decisive action to cut costs and restructure for growth. Our core smartphone market has recovered quickly and is now growing rapidly as phones become more connected and multi-functional, demanding ever more of our products. Furthermore, we have significant opportunities ahead of us in the emerging solar cell and solid state lighting markets.
"Even at the lowest point of the destocking cycle, IQE remained EBITDA positive, demonstrating the effectiveness of our restructuring and the resilience of our business. Now that trading has recovered, our high level of operational gearing should produce a strong second half with substantial free cash flow generation."
Wilson said the company's CPV solar cell products are continuing to gain market share.
Essess completes Street View with IR heat maps
January 23, 2015
Back in 2011, Professor Sanjay Sarma from the Mechanical Engineering Department at MIT and Co-Founder of US startup Essess, ...
Technology available, application wanted
Open source to flood IT in 2015
Asia leads automotive innovation
Samsung, Apple dominated chip buying in 2014
French startup expands 3D to the room
January 22, 2015
With still 26 days to go, Kickstarter project Immersis from French startup Catopsys has almost reached its funding goal of ...
Fraunhofer develops MEMS optical grating for medium infrared
ARM strengthens position in safety-critical applications
Antireflective nanotextures create self-assembly surface for solar cells
- Sensing Elements for Current Measurements
- Investigating Die attach Failure in IGBTs using Power Cycling Tests
- Power Semiconductor Failure Diagnosis using Thermal Characterization and Power Cycling
- Top 5 Trends in Product Development and Test Engineering
InterviewCEO interview: Bosch's IoT startup is all about the system
Thorsten Mueller, CEO of Bosch Connected Devices and Solutions GmbH (Reutlingen, Germany), has been guiding the latest startup subsidiary of Robert Bosch GmbH since 2013 when he started the initiative ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
To ensure you have a good start in 2015, Freescale is giving away five of its QorIQ TWR-LS1021A Tower system modules, worth USD269 each, for EETimes Europe's readers to win.
The module is the most feature-rich and high-performance Tower system offered by Freescale, enabling compatibility and interoperability with the growing list of Tower expansion modules, offering an easily accessible...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.