LFoundry demonstrates profitability recovery

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LFoundry, a semiconductor foundry specialist based in Germany and in France, announces a strong recovery of its profitability during the second quarter of 2012.

LFoundry

Jean-Pierre Delesse, President of LFoundry Rousset commented: "The fact that our EBITDA is now positive and reaches 6% of our revenue validates our business model, concentrated on fast growing market segments and applications."

LFoundry, announces its revenue for Q2/2012 amounted to EUR 23.7 million, and the company EBITDA reached EUR 1.5 million, or 6% of the revenue.

LFoundry Rousset

Million Euros        Q2/2012        Q1/2012        Seq. (%)        Q2/2011     YoY (%)
Revenue                     23.7             23.8            -0.5%             27.6         -14%
EBITDA                     1.5             (-2.5)             N/A            (-1.0)         N/A
EBITDA
% of revenue              +6%             -10%                 -                     -3%                -
Unaudited data
YoY: Year on Year – EBITDA: Earnings before interest, taxes, depreciation and amortization

During the quarter, LFoundry announced the availability of its LF110 PDK (Process Design Kit), a key milestone for the production of semiconductors in its 110nm Aluminum process. The PDK was released after two years of development and over EUR 5 million in R&D investments.

Jean-Pierre Delesse, President of LFoundry Rousset commented: “The fact that our EBITDA is now positive and reaches 6% of our revenue validates our business model, concentrated on fast growing market segments and applications. For further support to our business model, we managed to finalize our new technology and, at the same time, we optimized our production and improved our customer service performance.”

Michael Lehnert, CEO of LFoundry Group, commented: “By concentrating on high added value segments and innovative technologies, we focus on the improvement of our margin level. Our Rousset fab achievements demonstrate LFoundry is well on track”.

About LFoundry
LFoundry is a leading analogue / mixed signal and specialized silicon foundry with advanced 200mm manufacturing in Europe and a wafer capacity of about 20,000 wafers/month. Based in Landshut, Germany and Rousset, France, LFoundry is focused on providing access to the most advanced analogue manufacturing service with innovative extensions, a strong emphasis on flexibility and customer partnership. LFoundry is supporting technologies down to 110nm and a large portfolio of process-proven libraries, IP, design tools and reference flows. http://www.lfoundry.com
Contact:
Jean-Pierre Delesse, President, LFoundry Rousset, contact(at)lfoundry.com,
Tel: +33 420 103000

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Jean-Pierre Delesse
LFoundry
+33 420 103000
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