X-FAB Announces Third Quarter 2008 Results
Earnings before interest and taxes (EBIT) as of September 30, 2008, were USD 15.9 million (EUR 10.4 million) compared to USD 35.5 million a year earlier, a decline of approximately 55 percent. X-FAB posted negative EBIT of USD -7.5 million (EUR -4.8 million) in the third quarter. This compares to EBIT of USD 14.7 million in the third quarter of 2007.
Hans-Jürgen Straub, CEO of the X-FAB Silicon Foundries Group, commented: "Our results obviously are impacted by the general state of the global economy. We do not anticipate a change in the fourth quarter, so sales for 2008 will come in below last year's figure. Forecasts for 2009 are still uncertain. Our current focus is on internal optimization and on preparing for the next period of growth."
X-FAB Semiconductor Foundries AG
X-FAB is the leading analog/mixed-signal foundry group manufacturing silicon wafers for analog-digital integrated circuits (mixed-signal ICs). X-FAB maintains wafer production facilities in Erfurt and Dresden (Germany), Plymouth (UK), Lubbock, Texas (US) and Kuching, Sarawak (Malaysia), and employs approximately 2,600 people worldwide. Wafers are manufactured based on ultra-modern modular CMOS and BiCMOS processes with technologies ranging from 1.0 to 0.18 micrometers, for applications primarily in the automotive, communications, consumer and industrial sectors. For more information, please visit www.xfab.com.