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.