In a a pre-close trading update for full-year 2023, epiwafer and substrate maker IQE plc of Cardiff, Wales, UK says that it expects revenue to be at least £115m. This is down 31% on 2022’s £167.5m. However, it reflects a more than 20% increase from first-half to second-half 2023, in line with previously issued guidance. IQE expects this to result in an adjusted EBITDA (earnings before interest, tax, depreciation and amortization) of at least £3m and a net debt position of about £3m...
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