IQE announced a strong set of interim results on Tuesday with all business segments showing good growth. Wireless revenues grew 7% y-o-y, but the higher value Photonics segment continues to be the primary growth engine, up 45% y-o-y. Revenue diversification continues to increase, with non-Wireless sales now 31% of the group total. We make no major changes to our P&L forecasts, with the implied H2 weighting looking conservative going into the traditionally stronger second half. IQE shares have ri ....
15 Sep 2016
N+1 Singer - IQE - Strong H1 with more to come
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N+1 Singer - IQE - Strong H1 with more to come
IQE plc (IQE:LON) | 28.6 -0.3 (-4.0%) | Mkt Cap: 275.5m
- Published:
15 Sep 2016 -
Author:
Oliver Knott -
Pages:
6
IQE announced a strong set of interim results on Tuesday with all business segments showing good growth. Wireless revenues grew 7% y-o-y, but the higher value Photonics segment continues to be the primary growth engine, up 45% y-o-y. Revenue diversification continues to increase, with non-Wireless sales now 31% of the group total. We make no major changes to our P&L forecasts, with the implied H2 weighting looking conservative going into the traditionally stronger second half. IQE shares have ri ....