- IQE Plc (IQE) has released the trading update for the full year ended 31 December 2019.
- The company is expecting to deliver revenue between £136 million and £142 million, while as per the earlier guidance the range was of £140 to £160 million, with a forex tailwind of around £3 million.
- The company also informed that it remains on the path to make good progress on a considerable number of Android-related supply chains with two lately stated production skills.
- The company’s Capex will be towards the lower end of the prior guidance of £30-40 million, and the net debt is expected to be between £15 to £20 million at year-end, against heightened debt facilities of £57million stated in June.
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