IQE PLC (FRA:IQX)

€ 0.8 0 (15.94%) Market Cap: 680.88 Mil Enterprise Value: 763.21 Mil PE Ratio: 0 PB Ratio: 0.66 GF Score: 44/100

Half Year 2024 IQE PLC Earnings Call Transcript

Sep 10, 2024 / 08:00AM GMT

Transcript

Americo Lemos

IQE PLC - Chief Executive Officer

Good morning, everyone. I'm delighted to be here with our CFO, Jutta Meier, to take you through IQE first half results. I would like to start off with the top line summary of the business and market dynamics that influenced the period before handing over to Jutta to talk through the financials, and then I will walk you through some of our strategic priorities looking forward.

Let's start with the market update. The fiscal year 2023 results, we spoke about the recovery we saw in the second half. This trend had continued in the first half of 2024. And the industry has seen more variability than expected across regions and market segments, which has led to the pace of growth being more moderate than some forecast. This is what our peers across the industries have seen as certain sectors recover at different pace and economic headwinds impacting consumer demand in some key end market.

This is demonstrated by our set of results with a strong performance in Wireless, while the Photonics market has been flat. Overall, we are confident that the

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