© designersart dreamstime.com Embedded | August 12, 2019
S&T AG: On track after first half of 2019
The S&T AG group is on track with its targets after the end of the first six months of 2019: Revenues for the first half of 2019 rose some 12%, going from EUR 422.7 million to EUR 473.8 million and for the second quarter from 2018's EUR 219.0 million to 2019's EUR 248.7 million.
Gross profit was up some 13% in the first six months of 2019, rising to EUR 174.5 million (PY: EUR 154.8 million). This translates into a gross margin of 36.8% for the first six months of 2019 (PY: 36.6%). EBITDA climbed some 21% in the first half year of 2019, going from EUR 36.7 million to EUR 44.3 million. Consolidated income (after allowing for minority interests) for the first six months of 2019 was up some 12% - rising to EUR 18.2 million - over 2018's EUR 16.2 million. Earnings per share (undiluted) increased during the period to 28 cents - up from 26 cents, a press release states. The "IoT Solutions Europe" and "IT Services" segments proceeded upon their positive development during the first half of 2019. The revenues achieved by the "IT Services" segment rose some 6% in the first half of 2019 to EUR 204.0 million (PY: EUR 192.9 million), those of the "IoT Solutions Europe" segment rose by some 27% to EUR 198.5 million (PY: EUR 155.8 million). The "IoT Solutions America" segment, which was burdened by restructuring measures, remained at the previous year's level in the first half of 2019 with revenues of EUR 71.2 million (PY: EUR 74.0 million). S&T AG expects the segment to return to its growth path before the end of the 2019 fiscal year as a result of synergy effects from the completion of the restructuring measures and new design wins. As of June 30, 2019, S&T AG's assets and liquidity remain solid. Cash and cash equivalents came as of June 30, 2019 to EUR 266.1 million. Despite the positive results for the period achieved, equity amounted as of June 30, 2019 to EUR 364.2 million (March 31, 2019: EUR 377.9 million | December 31, 2018: EUR 367.3 million). In addition to the paying out of a total of EUR 10.6 million in dividends, the drop is due to the acquisitions in the second quarter of further stakes held by minority interests. "We successfully set forth our growth - now in its tenth year - in the first half of 2019," notes Hannes Niederhauser, CEO of S&T AG. "In the future, however, we not only want to rely on the "best technology", but also become even faster and more efficient. Over the next two years, we will therefore implement the new "PEC Program", with which we are tackling extensive measures to further improve profitability, efficiency and cash flow. We are confirming the targets set for financial year 2019 of realizing revenues coming to EUR 1.145 billion, and of achieving profits (EBITDA) amounting to more than EUR 100 million. In addition, we are fully on track to achieve our target of EUR 2 billion in revenues by 2023."
New VP of business development at Smith The distributor of electronic components and semiconductors has appointed Renato Souza to the position of Vice President of Business Development. Renato previously served as Vice President, Latin America of Smith since 2017.
Bosch launches 5G tests at Reutlingen wafer fab The German company believes 5G will be a key building block of digitalization and connectivity in manufacturing and logistics. And for that reason, Bosch is now starting compatibility tests and channel measurements for setting up a 5G network in its wafer fab in Reutlingen.
ACM Research receives orders from two new analog/power IC customers The supplier of wafer cleaning technologies for advanced semiconductor devices, has received purchase orders and final stage bidding activities for a total of USD 36 million from two new China-based customers that manufacture analog and power IC devices.
ClassOne's Solstice plating system selected for advanced MicroLEDs Semiconductor equipment manufacturer ClassOne Technology announces the sale of its Solstice GoldPro electroplating system to an unnamed developer of microLED technology for advanced applications.
Jenoptik: order intake down on prior year; order backlog slightly up From January through early March business performance was in line with expectations, but clear impacts of the corona pandemic and increasing uncertainty within the automotive industry became apparent from late March on.
Smiths Detection completes acquisition of PathSensors Smiths Detection has completed the acquisition of PathSensors, a bio-technology solutions and environmental-testing company, based in Baltimore, MD, USA.
Saab divests Dutch-based QPS Saab has divested the Dutch-based company QPS (Quality Positioning Services), a provider of hydrographic software solutions within the global maritime industry. The decision is in line with Saab’s strategy to optimise its product portfolio and increase focus on five core areas.
Eyeing SiC and GaN potential – GlobalWafers team up with NCTU Advancements in 5G and electric vehicle technologies are bringing the mounting demands of power semiconductor. GlobalWafers is teaming up with the National Chiao Tung University (NCTU) to develop the third generation semiconductor material.
Phison expands with new R&D centre Taiwanese NAND Flash controller IC and storage solutions provider, Phison Electronics, broke ground on a new R&D center and inventory management in Guangyuan Science Park in Zhunan township, back in late march.
Infineon swings to loss as the pandemic continues impact target markets “Infineon has so far coped well with the challenging situation caused by the coronavirus pandemic. As a company, we reacted quickly to the new situation and established a framework that has enabled us to stabilize our business,” says CEO Dr. Reinhard Ploss.
Murata completes new production building The Japanese manufacturer’s subsidiary, Izumo Murata Manufacturing, has completed the construction of a new production facility which started back in August 2019.
Analog Devices team up with Intel to address 5G network design challenges The companies are collaborating to create a flexible radio platform that addresses 5G network design challenges and will enable customers to scale their 5G networks more quickly and economically.
Atlas Copco has acquired the technology and operating assets of iTrap The Swedish company has acquired a technology for process diagnostics and control in the semiconductor industry.
Goodix closes acquisition of Dream Chip Technologies Shenzhen Goodix Technology Co. Ltd., an integrated solution provider, has completed its acquisition of Dream Chip Technologies GmbH (DCT), a fabless German semiconductor technology company.
Rebound Electronics team up with IHS Markit The pace of change in the electronics industry continues unabated for all customer types – OEM, ODM and EMS. This is driven by all component manufacturer types – including semiconductor, passive, connector and electromechanical – dynamically changing pricing, lead time, life cycle management and more.
New management takes the reins at Würth Elektronik eiSos As of the 1st of May 2020, Dirk Knorr and Josef Wörner have been appointed as General Managers for the German business of the Würth Elektronik eiSos GmbH & Co. KG, having been a part of the management circle of the company for years.
Seasoned financial and semiconductor executive joins GlobalFoundries GlobalFoundries has appointed David Reeder as its new Chief Financial Officer (CFO).
Global Semiconductor Packaging Materials Market to Reach $20.8 Billion by 2024 The global semiconductor packaging materials market will track chip industry growth to expand from USD 17.6 billion in revenue logged in 2019 to USD 20.8 billion in 2024, a 3.4% Compound Annual Growth Rate (CAGR), SEMI and TechSearch International forecast.
Analog Devices acquires HDMI business from INVECAS Analog Devices, Inc. has acquired the High Definition Multimedia Interface (HDMI) business of Santa Clara based INVECAS.
Intel’s chief engineering officer to leave the company Changes to Intel’s technology organisation are coming. New leaders have been appointed and Murthy Renduchintala will leave the company.Load more news