X-Fab Semiconductor Foundries today announced sales of USD 41.0 million (EUR 31.4 million) for the first quarter of the current fiscal year. This corresponds to a year-on-year decline of approximately 65 percent and a decline of approximately 31 percent versus the previous quarter. Earnings before interest and taxes (EBIT) in the first quarter were USD -20.9 million (EUR -16.0 million). This compares to EBIT of USD 16.8 million in the first quarter of the previous year. Compared to the fourth quarter of 2008, EBIT decreased by approximately USD 12 million.