AES Semigas


28 January 2022

IQE confirms 2021 revenue guidance of £164m, down 8% year-on-year

In a pre-close trading update for full-year 2021, epiwafer and substrate maker IQE plc of Cardiff, UK says that it expects revenue to be in line with its November trading update guidance of about £164m (down 8% year-on-year, at constant currency), subject to external audit review.

Cash capex spend for full-year 2021 is expected to be in line with previously issued guidance of £14-17m. This should result in a net debt position at end-2021 of about £6m.

IQE will report its full year financial results on 29 March.

See related items:

IQE’s full-year 2021 constant-currency revenue to be down 8%

IQE’s revenue grows 25% in 2020, exceeding guidance of 20%

Tags: IQE



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