AES Semigas


26 July 2023

IQE expects first-half 2023 revenue of at least £52m

In an unaudited pre-close update for first-half 2023, epiwafer and substrate maker IQE plc of Cardiff, Wales, UK says that trading was in line with management expectations. Revenue is expected to be at least £52m, in line with market guidance and within the firm’s £50–56m guidance provided on 17 May. This compares with revenue in first-half 2022 of £86.2m.

IQE says that it is continuing to effectively navigate the challenging macroeconomic environment, by managing costs and implementing its diversification strategy.

IQE will report full (unaudited) interim results for first-half 2023 on 8 September.

See related items:

IQE proposes £30m placing and £3m retail offer and extends $35m revolving credit facility

Inventory build-up throughout supply chain to yield £30m year-on-year drop in IQE’s first-half 2023 revenue

Tags: IQE



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