IQE has released its results for the year to December ’17. While the results themselves are strong, these were largely flagged at the trading update in December, and we see the FY’18 and FY’19 outlook as more important for the share price from here. The group expects continued growth in wafer sales, driven by both the expansion of existing business and qualifications of new business streams. Given the group’s strong operational gearing, we expect this to lead to a steady expansion in group margi ....
20 Mar 2018
FY’17 a transformational year, more to come in FY’18
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FY’17 a transformational year, more to come in FY’18
IQE plc (IQE:LON) | 20.9 0 0.0% | Mkt Cap: 200.7m
- Published:
20 Mar 2018 -
Author:
Oliver Knott -
Pages:
3
IQE has released its results for the year to December ’17. While the results themselves are strong, these were largely flagged at the trading update in December, and we see the FY’18 and FY’19 outlook as more important for the share price from here. The group expects continued growth in wafer sales, driven by both the expansion of existing business and qualifications of new business streams. Given the group’s strong operational gearing, we expect this to lead to a steady expansion in group margi ....