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First half year 2008 results at X-Fab 10-09-08


The X-Fab Silicon Foundries Group announced sales of USD 226.3 million (EUR 147.9 million) in the first six months of 2008, up 21.5 percent from the same period the previous year. Sales in the second quarter were USD 107.2 million (EUR 68.6 million), a year-over-year increase of 6.4 percent. The Group's Dresden site was included in the previous year's comparative figures as of April 1, 2007. M-MOS Semiconductor, a subsidiary of X-Fab Sarawak that operated in the area of discrete components, was sold effective April 1, 2008 and, therefore, no longer is included in the X-Fab Group's basis of consolidation. A like comparison - i.e., not including X-Fab Dresden and M-MOS Semiconductor - shows half-year sales for the X-Fab Group increased 16.2 percent year over year.

 

Operating earnings (EBIT) as of June 30, 2008, totaled USD 23.4 million (EUR 15.3 million), up 12.5 percent compared to the same period the previous year (USD 20.8 million). EBIT decreased in the second quarter, from USD 11.9 million in 2007 to USD 6.6 million (EUR 4.2 million) in 2008.

 


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