19 November 2010 – interim management statement
The silicon wafer producer has released an interim management statement for the period from 30 June to today, revealing that demand for its products is increasing and the group has operated at full capacity during the period. Full year sales volumes are now likely to be higher than previous forecasts whilst the group has also been able to maintain selling prices at previous levels. The group is planning to expand its production capacity but is able to do this given its significant cash balances which are expected to be around €50m at the end of 2010. With further growth in the market forecast for next year the shares remain a BUY.