Positive 2019 for Stm which, despite the global tensions, recorded an annual turnover higher than the management's indications. A result that put the highs on the share that started trading up 4,42% to 26,46 euros and at 11 it gained 7% to 27,11 euros, placing itself at the top of the Ftse Mib.
Starting from fourth quarter i Net revenues they rose 4% to $2,75 billion. On a sequential basis, the increase was 7,9% versus the +5% indicated by management in the fall.
Il gross margin stood at 39,3%: it was 40% in the fourth quarter of 2018 and 37,9% in the third quarter of 2019. Continuing with the parameters of the months October-December, the operating margin was equal to 16,7%, while the net profit it dropped from $418 million to $392 million (-6,5%) or $0,43 per share after dilution.
For the whole of 2019, revenues they stood at $9,56 billion, down 1,1% from a year earlier. However, the figure met forecasts, amounting to 9,48 billion dollars. The gross margin is 38,7% and the operating margin is 12,6%. L'Net income it was $1,032 billion, down from the $1,29 billion booked a year earlier. L'earning per share it was therefore $1,14.
At the end of 2019 the net financial position was positive for 672 million dollars, compared to 686 million at the beginning of the year, the liquid assets was $2,74 billion, while the net assets amounted to $7,11 billion.
“We ended 2019 with a solid fourth quarter in terms of sales and financial performance,” he comments Jean-Marc Chery, president and CEO of Stmicroelectronics, who for the current quarter says: “As regards Stm forecasts for the first quarter we expect net revenues of $2,36 billion, corresponding to a year-over-year growth of 13,7% and a decrease of 14,3% compared to the previous quarter, and a gross margin of 38% at interim values , which includes approximately 80 basis points of slack charges. The company specified that the estimate is based on a presumed effective euro/dollar exchange rate of approximately 1,12 for the first quarter of 2020 and includes the impact of existing hedging contracts.
"For the 2020 We expect to invest approximately $1,5 billion in capital expenditures to support our strategic initiatives and revenue growth, to continue moving towards achieving $12 billion in capital expenditure over the medium term. revenue".
