X-FAB Third Quarter 2024 Results

Business Wire10-24

Intermediate declaration by the Board of Directors TESSENDERLO, Belgium, October 24, 2024--(BUSINESS WIRE)--Regulatory News: X-FAB (BOURSE:XFAB): Highlights Q3 2024: Revenue was USD 206.4 million, ...

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EBITDA margin of 24.4%; excluding IFRS 15 impact, EBITDA margin was 23.5%, compared to the guidance of 24-27%. EBIT was USD 25.0 million, down 43% YoY and up 9% QoQ. Q4 2024 revenue is expected to come in within a range of USD 195-205 million with an EBITDA margin in the range of 22-25%.The guidance is based on an average exchange rate of 1.10 USD/Euro and does not take the impact related to IFRS 15 into account.X-FAB is adjusting the full-year revenue guidance from USD 860-880 million to USD 822-832 million; the full-year EBITDA margin guidance has been adjusted to 23.4-24.0%.Revenues in X-FAB’s core markets – automotive, industrial, and medical – amounted to USD 189.6 million*, down 8% year-on-year and accounted for a 93% share of total revenues*. Bookings were up 4% year-on-year with a book-to-bill of 1.05 in the third quarter. Backlog came in at USD 481.4 million, compared to USD 517.3 million at the end of the previous quarte","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FAB":"First Trust Multi Cap Value Alph","EBIT":"Harbor AlphaEdge Small Cap Earners ETF","BK4141":"半导体产品","XFABF":"X-FAB SILICON FOUNDRIES SE"},"translate_title":"X-FAB 2024年第三季度业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBIT":1,"FAB":1,"XFABF":0.9},"content_text":"Intermediate declaration by the Board of Directors\nTESSENDERLO, Belgium, October 24, 2024--(BUSINESS WIRE)--Regulatory News:\nX-FAB (BOURSE:XFAB):\nHighlights Q3 2024:\n\nRevenue was USD 206.4 million, within the guidance of USD 205-215 million, down 12% year-on-year (YoY) and up 1% quarter-on-quarter (QoQ)\nBookings at USD 217.1 million with a book to bill ratio at 1.05\nEBITDA at USD 50.3 million, down 23% YoY and up 5% QoQ\nEBITDA margin of 24.4%; excluding IFRS 15 impact, EBITDA margin was 23.5%, compared to the guidance of 24-27%\nEBIT was USD 25.0 million, down 43% YoY and up 9% QoQ\n\nOutlook:\n\nQ4 2024 revenue is expected to come in within a range of USD 195-205 million with an EBITDA margin in the range of 22-25%.\nThe guidance is based on an average exchange rate of 1.10 USD/Euro and does not take the impact related to IFRS 15 into account.\nX-FAB is adjusting the full-year revenue guidance from USD 860-880 million to USD 822-832 million; the full-year EBITDA margin guidance has been adjusted to 23.4-24.0%.\n\nRevenue breakdown per quarter:\n\n\n\nin millions of USD\nQ4 2022\nQ1 2023\nQ2 2023\nQ3 2023\nQ4 2023\nQ1 2024\nQ2 2024\nQ3 2024\nQ3 y-o-y growth\n\n\nAutomotive\n104.4\n120.9\n131.1\n135.3\n151.8\n135.6\n142.4\n146.0\n8%\n\n\nIndustrial\n42.3\n46.9\n51.3\n53.7\n54.3\n52.6\n34.4\n31.5\n-41%\n\n\nMedical\n14.6\n17.6\n16.2\n17.0\n16.4\n14.5\n13.2\n12.1\n-29%\n\n\nSubtotal core business\n161.3\n185.4\n198.7\n206.1\n222.5\n202.6\n190.1\n189.6\n-8%\n\n\n87.9%\n89.1%\n90.8%\n92.2%\n92.8%\n92.6%\n93.7%\n92.9%\n\n\n\nCCC1\n21.6\n22.5\n20.0\n17.2\n17.2\n16.0\n12.6\n14.2\n-17%\n\n\nOthers\n0.7\n0.2\n0.2\n0.2\n0.1\n0.1\n0.1\n0.1\n-30%\n\n\nRevenue*\n183.6\n208.1\n218.9\n223.5\n239.8\n218.7\n202.8\n204.0\n-9%\n\n\nImpact from revenue recognized over time\n0\n0\n8.3\n10.4\n-2.0\n-2.6\n2.3\n2.4\n\n\n\nTotal revenue\n183.6\n208.1\n227.1\n233.8\n237.7\n216.2\n205.1\n206.4\n-12%\n\n\n1Consumer, Communications & Computer\n\n\n\n\n\n\nin millions of USD\nQ4 2022\nQ1 2023\nQ2 2023\nQ3 2023\nQ4 2023\nQ1 2024\nQ2 2024\nQ3 2024\nQ3 y-o-y growth\n\n\nCMOS\n151.9\n172.8\n180.7\n180.5\n188.4\n168.3\n166.2\n175.0\n-3%\n\n\nMicrosystems\n19.5\n22.2\n20.8\n24.4\n27.9\n24.1\n25.1\n21.6\n-11%\n\n\nSilicon carbide\n12.2\n13.2\n17.3\n18.6\n23.5\n26.3\n11.6\n7.4\n-60%\n\n\nRevenue*\n183.6\n208.1\n218.9\n223.5\n239.8\n218.7\n202.8\n204.0\n-9%\n\n\nImpact from revenue recognized over time\n0\n0\n8.3\n10.4\n-2.0\n-2.6\n2.3\n2.4\n\n\n\nTotal revenue\n183.6\n208.1\n227.1\n233.8\n237.7\n216.2\n205.1\n206.4\n-12%\n\n\n\nBusiness development\nIn the third quarter of 2024, X-FAB recorded revenues of USD 206.4 million, down 12% year-on-year and up 1% quarter-on-quarter, thereof a positive impact from revenue recognized over time amounting to USD 2.4 million. This compares to a guidance of USD 205-215 million.\nRevenues in X-FAB’s core markets – automotive, industrial, and medical – amounted to USD 189.6 million*, down 8% year-on-year and accounted for a 93% share of total revenues*. Bookings were up 4% year-on-year with a book-to-bill of 1.05 in the third quarter. Backlog came in at USD 481.4 million, compared to USD 517.3 million at the end of the previous quarter. The decrease in backlog is related to orders worth USD 114 million for which delivery dates had not yet been confirmed at the end of the quarter. These are longer-term orders for delivery up to 2026.\nIn the third quarter, X-FAB’s automotive business grew 8% year-on-year, while automotive bookings weakened due to year-end inventory adjustments. X-FAB’s industrial and medical business decreased 41% and 29% year-on-year respectively. Current market trends and uncertainties have led to destocking activities and delays across the entire supply chain, however, order intake in the industrial and medical end markets picked up strongly in the third quarter. The CCC (Consumer, Communication & Computer) business, after bottoming out in recent quarters, grew by 13% quarter-on-quarter with strong bookings and a book-to-bill of 2.06.\nX-FAB’s CMOS business declined slightly year-on-year. Demand for X-FAB’s popular 180nm CMOS platform remained healthy and new prototypes were started for future high-volume applications in X-FAB’s 110nm CMOS process. In line with market trends, X-FAB also suffered from inventory corrections, particularly noticeable in the 350nm CMOS technology. The 0.6-micron CMOS technologies on 150mm wafers, for which demand had significantly declined over recent years, recorded an uptick in bookings after X-FAB had announced the discontinuation of these technologies as per end of 2026. The decision was taken to support the ongoing transition to the microsystems business at the site in Erfurt, Germany. Customers responded with high order volumes to ensure supply in the medium term, while initiating activities to work on redesigns for next-generation products. The upturn in the 0.6-micron business is expected to contribute positively to revenues from the fourth quarter onwards.\nThird quarter silicon carbide sales continued to decline in a persistently weak market environment and decreased 60% year-on-year. Visibility remains low but SiC development activities have been encouraging, especially for next-generation technologies that come with improved device performance and a 30% increase in dies per wafer. Combined with the recent reduction in SiC substrate prices, this represents a potential 40% cost improvement for the final SiC device, fostering the further adoption of silicon carbide. As soon as the SiC power market picks up, these new high-performance designs will contribute to the future growth of X-FAB’s silicon carbide business.\nIn the third quarter, X-FAB’s microsystems business recorded a decline of 11% year-on-year, reflecting current market weaknesses. Inventory adjustments in the automotive industry and delays in new model launches have particularly impacted the microsystems business. The medical end market, typically a strong driver of microsystems sales, has also been affected by destocking, but is expected to contribute positively in the future due to healthy bookings and high demand applications.\nQuarterly prototyping revenues totaled USD 23.6 million*, down 14% year-on-year and up 12% against the previous quarter.\nX-FAB adjusts its full-year revenue guidance to USD 822-832 million in response to current weaknesses and the impact on fourth quarter revenues of an operational incident at the Malaysian factory. Required rework of affected material will shift approximately USD 15-20 million of sales into next year.\nThe fundamental drivers of X-FAB's business remain intact. These include the growth of semiconductor content in cars, the \"electrification of everything\" to drive the decarbonization of the world, and the digitization in the medical sector to make healthcare more efficient in an era of aging populations. X-FAB's comprehensive set of technologies and expertise enable customers to develop world-leading solutions for the most important challenges facing the world today. X-FAB's business is expected to return to robust growth once the current destocking cycle is completed.\nPrototyping and production revenue* per quarter and end market:\n\n\n\nin millionsof USD\nRevenue\nQ3 2023\nQ4 2023\nQ1 2024\nQ2 2024\nQ3 2024\n\n\nAutomotive\nPrototyping\n6.2\n10.0\n6.7\n7.6\n9.3\n\n\nProduction\n129.1\n141.8\n128.9\n134.8\n136.7\n\n\nIndustrial\nPrototyping\n14.3\n10.5\n10.7\n8.9\n8.2\n\n\nProduction\n39.4\n43.8\n41.9\n25.5\n23.3\n\n\nMedical\nPrototyping\n3.3\n3.3\n2.7\n2.0\n3.0\n\n\nProduction\n13.7\n13.1\n11.8\n11.2\n9.1\n\n\nCCC\nPrototyping\n3.3\n3.5\n3.1\n2.5\n3.0\n\n\nProduction\n13.9\n13.7\n12.9\n10.2\n11.3\n\n\n\nOperations update\nIn the third quarter, X-FAB continued its capacity expansion program with the focus on its popular 180nm and 110nm CMOS technologies at X-FAB France and X-FAB Sarawak. The newly constructed cleanroom at X‑FAB’s Malaysian site is now ready for the first equipment to be moved in.\nThe expansion of CMOS capacity is also critical to support X-FAB's microsystems business. Microsystems are based on a CMOS wafer to which specialized MEMS layers are added or systems are integrated at wafer level. With the planned discontinuation of the 0.6-micron CMOS business, the Erfurt site is well on track to entirely focus on the manufacturing of complex microsystems in the future.\nThe SiC capacity expansion at the Texas fab, which has been slowed in line with current demand weakness, will be resumed as soon as the SiC market recovers and long-term customer commitments require additional capacity. At the end of the quarter, approximately half of the SiC capacity targeted in X-FAB's three-year capacity expansion plan had been installed. In addition, X-FAB aims to further increase the proportion of customers who source their own SiC raw wafers and consign them to X-FAB, resulting in a lower total billing as there is less pass-through for substrates sourced by X-FAB. Due to both the lower installed SiC capacity and the decision to optimize the proportion of customer consigned SiC wafers, the original SiC revenue target of USD 300-350 million in 2026 is no longer achievable. This will result in changes to the timing and product mix of X-FAB's growth path.\nTotal capital expenditures in the third quarter came in at USD 149.8 million, thereof about two thirds related to the expansion of X-FAB Sarawak. X-FAB reiterates its capex projection for the full year of 2024 in the amount of USD 550 million.\nAn operational incident at the Malaysian factory caused a three-day production slowdown in the third quarter. This has been fully resolved and rework of the affected material is underway.\nFinancial update\nThird quarter EBITDA was USD 50.3 million with an EBITDA margin of 24.4%. Excluding the positive impact from revenues recognized over time, the EBITDA margin of the third quarter would have been 23.5%.\nProfitability is not affected by exchange rate fluctuations as X-FAB’s business is naturally hedged. At a constant USD/Euro exchange rate of 1.09 as experienced in the previous year’s quarter, the EBITDA margin would have been 0.1 percentage points lower.\nCash and cash equivalents at the end of the third quarter amounted to USD 315.9 million.\nManagement comments\nRudi De Winter, CEO of X-FAB Group, said: \"While unfavorable market developments and related inventory adjustments are impacting our business in the short term, the long-term outlook remains positive. I am confident in the unique technologies we offer and the high-growth end markets we serve putting us in the right position to address today's key challenges and deliver sustainable growth over the long term. As soon as the market begins to recover, order patterns will change rapidly. With the progress we are making with our capacity expansion program, we will be well prepared to meet our customers' needs, especially for our 180nm technologies, and return to solid growth.\"\nX-FAB Quarterly Conference Call\nX-FAB’s third quarter results will be discussed in a live conference call/webcast on Thursday, October 24, 2024, at 6.30 p.m. CEST. The conference call will be in English.\nPlease register here for the audiocast (listen only).\nPlease register here for the conference call (listen and ask questions).\nThe fourth quarter 2024 results will be communicated on February 6, 2025.\nAbout X-FAB\nX-FAB is a global foundry group providing a comprehensive set of specialty technologies and design IP to enable its customers to develop world-leading semiconductor products that are manufactured at X-FAB's six wafer fabs located in Malaysia, Germany, France, and the United States. With its expertise in analog/mixed-signal technologies, microsystems/MEMS and silicon carbide (SiC), X-FAB is the development and manufacturing partner for its customers, primarily serving the automotive, industrial and medical end markets. X-FAB has approximately 4,500 employees and has been listed on Euronext Paris since April 2017 (XFAB). For more information, please visit www.xfab.com.\nForward-looking information\nThis press release may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management’s current intentions, beliefs or expectations relating to, among other things, X-FAB’s future results of operations, financial condition, liquidity, prospects, growth, strategies, or developments in the industry in which we operate. By their nature, forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results or future events to differ materially from those expressed or implied thereby. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein.\nForward-looking statements contained in this press release regarding trends or current activities should not be taken as a report that such trends or activities will continue in the future. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless legally required. You should not place undue reliance on any such forward-looking statements, which speak only as of the date of this press release.\nThe information contained in this press release is subject to change without notice. No re-report or warranty, express or implied, is made as to the fairness, accuracy, reasonableness, or completeness of the information contained herein and no reliance should be placed on it.\n*excluding impact from revenue recognized over time according to IFRS 15\nCondensed consolidated statement of profit and loss\n\n\n\nin thousands of USD\nQuarterended 30 Sep 2024unaudited\nQuarterended 30 Sep 2023unaudited\nQuarterended 30 Jun 2024unaudited\nNine monthsended 30 Sep 2024unaudited\nNine monthsended 30 Sep 2023unaudited\n\n\nRevenue*\n203,982\n223,452\n202,847\n625,541\n650,431\n\n\nImpact from revenue recognized over time\n2,384\n10,360\n2,255\n2,079\n18,622\n\n\nTotal revenue\n206,366\n233,812\n205,102\n627,620\n669,052\n\n\nRevenues in USD in %\n56\n57\n58\n59\n56\n\n\nRevenues in EUR in %\n44\n43\n42\n41\n44\n\n\nCost of sales\n-155,162\n-164,147\n-160,236\n-481,184\n-474,551\n\n\nGross profit\n51,204\n69,665\n44,866\n146,436\n194,501\n\n\nGross profit margin in %\n24.8\n29.8\n21.9\n23.3\n29.1\n\n\n\n\n\n\n\n\n\n\nResearch and development expenses\n-13,087\n-10,782\n-11,387\n-35,581\n-34,609\n\n\nSelling expenses\n-2,177\n-1,999\n-2,142\n-6,857\n-6,307\n\n\nGeneral and administrative expenses\n-11,369\n-11,583\n-11,660\n-35,840\n-34,044\n\n\nRental income and expenses from investment properties\n534\n977\n394\n2,362\n3,438\n\n\nOther income and other expenses\n-147\n-2,376\n2,755\n4,455\n-864\n\n\nOperating profit\n24,957\n43,902\n22,825\n74,976\n122,115\n\n\nFinance income\n12,191\n9,011\n6,775\n24,744\n24,207\n\n\nFinance costs\n-10,945\n-8,493\n-7,419\n-26,017\n-26,977\n\n\nNet financial result\n1,246\n518\n-644\n-1,273\n-2,770\n\n\n\n\n\n\n\n\n\n\nProfit before tax\n26,204\n44,420\n22,181\n73,703\n119,345\n\n\nIncome tax\n-254\n-2,747\n-2,359\n-4,872\n3,747\n\n\nProfit for the period\n25,950\n41,673\n19,822\n68,831\n123,092\n\n\n\n\n\n\n\n\n\n\nOperating profit (EBIT)\n24,957\n43,902\n22,825\n74,976\n122,115\n\n\nDepreciation\n25,345\n21,808\n25,028\n74,137\n63,891\n\n\nEBITDA\n50,302\n65,711\n47,853\n149,113\n186,006\n\n\nEBITDA margin in %\n24.4\n28.1\n23.3\n23.8\n27.8\n\n\n\n\n\n\n\n\n\n\nEarnings per share\n0.20\n0.32\n0.15\n0.53\n0.94\n\n\nWeighted average number of shares\n130,631,921\n130,631,921\n130,631,921\n130,631,921\n130,631,921\n\n\n\n\n\n\n\n\n\n\nEUR/USD average exchange rate\n1.09825\n1.08842\n1.07667\n1.08704\n1.08330\n\n\n\nAmounts in the financial tables provided in this press release are rounded to the nearest thousand except when otherwise indicated, rounding differences may occur.\n*excluding impact from revenue recognized over time in accordance with IFRS 15\nCondensed consolidated statement of financial position\n\n\n\nin thousands of USD\nQuarter ended30 Sep 2024unaudited\nQuarter ended30 Sep 2023unaudited\nYear ended31 Dec 2023audited\n\n\nASSETS\n\n\n\n\n\nNon-current assets\n\n\n\n\n\nProperty, plant, and equipment\n1,005,438\n653,024\n734,488\n\n\nInvestment properties\n7,478\n7,319\n7,171\n\n\nIntangible assets\n6,053\n5,827\n5,627\n\n\nOther non-current assets\n46\n63\n58\n\n\nDeferred tax assets\n83,277\n79,155\n83,772\n\n\nTotal non-current assets\n1,102,293\n745,387\n831,116\n\n\n\n\n\n\n\n\nCurrent assets\n\n\n\n\n\nInventories\n284,146\n260,961\n269,227\n\n\nContract assets\n26,090\n26,027\n24,010\n\n\nTrade and other receivables\n91,307\n111,828\n123,101\n\n\nOther assets\n45,154\n52,005\n50,659\n\n\nCash and cash equivalents\n315,917\n391,274\n405,701\n\n\nTotal current assets\n762,613\n842,095\n872,698\n\n\n\n\n\n\n\n\nTOTAL ASSETS\n1,864,905\n1,587,482\n1,703,814\n\n\n\n\n\n\n\n\nEQUITY AND LIABILITIES\n\n\n\n\n\nEquity\n\n\n\n\n\nShare capital\n432,745\n432,745\n432,745\n\n\nShare premium\n348,709\n348,709\n348,709\n\n\nRetained earnings\n249,557\n141,904\n180,159\n\n\nCumulative translation adjustment\n465\n-328\n-301\n\n\nTreasury shares\n-770\n-770\n-770\n\n\nTotal equity\n1,030,707\n922,260\n960,542\n\n\n\n\n\n\n\n\nNon-current liabilities\n\n\n\n\n\nNon-current loans and borrowings\n333,757\n49,244\n235,318\n\n\nOther non-current liabilities and provisions\n4,833\n4,024\n4,024\n\n\nTotal non-current liabilities\n338,590\n53,268\n239,342\n\n\n\n\n\n\n\n\nCurrent liabilities\n\n\n\n\n\nTrade payables\n48,962\n69,811\n90,681\n\n\nCurrent loans and borrowings\n33,492\n214,778\n25,659\n\n\nOther current liabilities and provisions\n413,155\n327,365\n387,590\n\n\nTotal current liabilities\n495,608\n611,954\n503,930\n\n\n\n\n\n\n\n\nTOTAL EQUITY AND LIABILITIES\n1,864,905\n1,587,482\n1,703,814\n\n\n\nCondensed consolidated statement of cash flows\n\n\n\nin thousands of USD\nQuarterended 30 Sep 2024unaudited\nQuarterended 30 Sep 2023unaudited\nQuarterended 30 Jun 2024unaudited\nNine monthsended 30 Sep 2024unaudited\nNine monthsended 30 Sep 2023unaudited\n\n\nIncome before taxes\n26,204\n44,420\n22,181\n73,703\n119,345\n\n\n\n\n\n\n\n\n\n\nReconciliation of income before taxes to cash flow arising from operating activities:\n21,988\n26,845\n28,972\n74,692\n72,721\n\n\nDepreciation and amortization, before effect of grants and subsidies\n25,345\n21,808\n25,028\n74,137\n63,891\n\n\nAmortization of investment grants and subsidies\n-924\n-753\n-624\n-2,221\n-2,241\n\n\nInterest income and expenses (net)\n2,308\n-105\n959\n2,961\n1,992\n\n\nLoss/(gain) on the sale of plant, property, and equipment (net)\n-312\n-1,554\n-2,020\n-4,083\n-3,174\n\n\nLoss/(gain) on the change in fair value of derivatives and financial assets (net)\n1,144\n0\n0\n1,144\n0\n\n\nOther non-cash transactions (net)\n-5,573\n7,448\n5,629\n2,754\n12,252\n\n\n\n\n\n\n\n\n\n\nChanges in working capital:\n29,732\n-38,694\n7,487\n36,420\n101,875\n\n\nDecrease/(increase) of trade receivables\n17,693\n3,206\n10,211\n36,156\n-39,277\n\n\nDecrease/(increase) of other receivables and other assets\n1,361\n3,417\n12,244\n20,191\n-516\n\n\nDecrease/(increase) of inventories\n-6,559\n-13,049\n-604\n-12,113\n-44,238\n\n\nDecrease/(increase) of contract assets\n-2,384\n-10,360\n-2,255\n-2,079\n-26,027\n\n\n(Decrease)/increase of trade payables\n-3,323\n-19,254\n-14,369\n-17,898\n-189\n\n\n(Decrease)/increase of other liabilities\n22,944\n-2,653\n2,260\n12,164\n212,123\n\n\n\n\n\n\n\n\n\n\nIncome taxes (paid)/received\n914\n-2,874\n-1,227\n-1,754\n-3,383\n\n\n\n\n\n\n\n\n\n\nNet cash from operating activities\n78,838\n29,697\n57,413\n183,061\n290,558\n\n\n\n\n\n\n\n\n\n\nCash flow from investing activities:\n\n\n\n\n\n\n\nPayments for property, plant, equipment and intangible assets\n-149,775\n-83,964\n-121,893\n-376,648\n-237,357\n\n\nAcquisition of subsidiary, net of cash acquired\n0\n0\n-24,863\n-1,634\n0\n\n\nPayments for loan investments to related parties\n0\n-61\n0\n0\n-237\n\n\nProceeds from loan investments related parties\n0\n44\n0\n0\n206\n\n\nProceeds from sale of property, plant, and equipment\n312\n1,805\n2,020\n4,123\n3,499\n\n\nInterest received\n2,644\n3,139\n2,984\n9,060\n6,709\n\n\n\n\n\n\n\n\n\n\nNet cash used in investing activities\n-146,820\n-79,038\n-141,752\n-365,099\n-227,181\n\n\n\nCondensed consolidated statement of cash flows – con’t\n\n\n\nin thousands of USD\nQuarterended 30 Sep 2024unaudited\nQuarterended 30 Sep 2023unaudited\nQuarterended 30 Jun 2024unaudited\nNine monthsended 30 Sep 2024unaudited\nNine monthsended 30 Sep 2023unaudited\n\n\nCash flow from (used in) financing activities:\n\n\n\n\n\n\n\nProceeds from loans and borrowings\n78,634\n85,904\n42,601\n171,535\n100,144\n\n\nRepayment of loans and borrowings\n-20,582\n-79,067\n-5,644\n-120,339\n-128,867\n\n\nReceipts of sale and leaseback arrangements\n32,766\n0\n-5,147\n59,234\n0\n\n\nPayments of lease installments\n-5,080\n-1,530\n-3,061\n-9,309\n-4,315\n\n\nInterest paid\n-4,834\n-1,892\n-4,574\n-13,466\n-4,460\n\n\n\n\n\n\n\n\n\n\nCash flow from (used in) financing activities\n80,903\n3,415\n24,175\n87,655\n-37,498\n\n\n\n\n\n\n\n\n\n\nEffect of changes in foreign currency exchange rates on cash balances\n12,941\n-4,587\n-1,250\n4,599\n-4,030\n\n\nIncrease/(decrease) of cash and cash equivalents\n12,921\n-45,926\n-60,164\n-94,383\n25,879\n\n\nCash and cash equivalents at the beginning of the period\n290,054\n441,786\n351,468\n405,701\n369,425\n\n\nCash and cash equivalents at the end ofthe period\n315,917\n391,274\n290,054\n315,917\n391,274\n\n\n\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241024722290/en/\nContacts\nX-FAB Press Contact Uta SteinbrecherInvestor RelationsX-FAB Silicon Foundries+49-361-427-6489uta.steinbrecher@xfab.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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