IQE’s ability to apply its epitaxial IP to multiple market segments is expected to deliver year-on-year revenue growth of over 15% for H116. In yesterday’s trading statement, management states that the group is on track to achieve full-year expectations. We leave our estimates unchanged, noting that this confirmation of growth through diversification should help catalyse an upwards rerating of the shares.

21 Jul 2016
Revenue diversification driving growth

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Revenue diversification driving growth
IQE plc (IQE:LON) | 9.9 0 (-1.7%) | Mkt Cap: 97.0m
- Published:
21 Jul 2016 -
Author:
Anne Margaret Crow -
Pages:
3 -
IQE’s ability to apply its epitaxial IP to multiple market segments is expected to deliver year-on-year revenue growth of over 15% for H116. In yesterday’s trading statement, management states that the group is on track to achieve full-year expectations. We leave our estimates unchanged, noting that this confirmation of growth through diversification should help catalyse an upwards rerating of the shares.