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