OKMETIC OYJ STOCK EXCHANGE RELEASE 2 OCTOBER 2015 AT 8.00 A.M.
OKMETIC`S CAPITAL MARKETS DAY: OKMETIC RENEWS CUSTOMER SEGMENTATION TO BETTER REFLECT THE COMPANY`S STRATEGIC FOCUS ON HIGH VALUE-ADDED PRODUCTS AND UPDATES LONG-TERM FINANCIAL TARGETS
Okmetic Oyj arranges a Capital Markets Day in Helsinki today, Friday, 2 October 2015, starting at 8.45 a.m. The presentation materials will be available today on the company`s website www.okmetic.com, under Investors/Presentation materials.
In line with its strategy, Okmetic has focused on high value-added silicon wafers since 2006. The current customer segments are Sensor wafers and Semiconductor wafers. The Sensor wafer segment also includes silicon wafers delivered to other customer areas. The importance of wafer deliveries to other customer areas has increased as Okmetic has managed to develop products for new market areas as a result of long-term R&D efforts. This is why the company needed to redefine its customer segmentation.
Okmetic supplies silicon wafers to be used in the manufacture of sensors as well as discrete semiconductors and analog circuits. Based on these market areas, the new customer segments are Sensor wafers and Discrete&Analog wafers (D&A wafers). The revised customer segmentation facilitates the company`s positioning in the semiconductor industry`s value chain and better reflects the company`s business focus.
The Sensor wafer segment includes silicon wafers used for MEMS and other sensor applications. The D&A wafer segment consists of high resistivity wafers and high voltage SOI wafers currently included in Sensor wafers as well as of other semiconductor wafers. As a result of these changes, Okmetic has two growing customer segments that are equal in size. New customer segmentation will be applied in financial reporting as of 1 January 2016. At the same time, the company will start reporting net sales of the two customer segments instead of the value of deliveries.
The growing areas of the electronics industry, mobile smart devices, automotive applications, smart homes and environments, the Internet of Things, applications for health care and industrial processes continue to see steady growth, and this is driving demand for Okmetic`s products. The company will continue to focus on and invest in technologies that serve both of its customer segments: 200 mm wafers, SOI production technology and crystal growing, which enables the manufacture of high and low resistivity products.
Both customer segments are expected to grow over the next five years. Growth is sought with new products to new and existing customers. Of all market areas, Asia`s relative share of sales is expected to grow fastest. Okmetic estimates all three market areas, Asia, Europe and North America, to account for an equal share of sales in 2020.