Management comments & outlook
Commenting on the development of X-FAB’s business, Rudi De Winter, CEO of X-FAB Group, said: “In the fourth quarter, we started to see signs of a recovery. Bookings were trending upand the order behavior of our customers, who had been very cautious before, began to change. Bookings in each of the pasttwomonths werethe highest since mid-2018.
Not only did we see an increase in new orders but also moreand more customers requestingfast deliveries, which is pointing towards low inventory levelsin the supply chain.
I amalso particularly pleased with the consistently high prototyping activity throughout the yearas we have achieved record revenue levels in the second half,despite the market weakness.
With the growth drivers we have in place, such as our SiC business, our unique offering to serve the medical market, or our RF technology to support the transition to 5G, Iam confident that we will be able to gradually grow our revenues in 2020.”