IQE’s FY17 results confirm that the photonics volume ramp-up referred to in the pre-close update has delivered the strong growth in revenues (16%) and PBT (18%) that was expected. Based on management’s guidance for this growth trend to continue, we upgrade our FY18 estimates and note the potential for sustained growth over the next three to five years.
29 Mar 2018
IQE - Doubling in photonics revenues drives growth
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IQE - Doubling in photonics revenues drives growth
IQE plc (IQE:LON) | 29.7 0 0.2% | Mkt Cap: 285.6m
- Published:
29 Mar 2018 -
Author:
Anne Margaret Crow -
Pages:
6
IQE’s FY17 results confirm that the photonics volume ramp-up referred to in the pre-close update has delivered the strong growth in revenues (16%) and PBT (18%) that was expected. Based on management’s guidance for this growth trend to continue, we upgrade our FY18 estimates and note the potential for sustained growth over the next three to five years.