+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
*/
News Article

Sales boom returns 3S Photonics to profit

Having near-doubled sales in the past year, the Paris-based manufacturer of optoelectronic components for fiber-optics expects to grow by another 20% in 2009.

3S Photonics, the GaAs- and InP-based component maker formerly owned by Avanex and Alcatel Optronics, has posted an 87 per cent increase in sales for fiscal year 2008.

In the 12 months that ended on June 30, the privately owned company recorded revenue of €27.9 million ($39.6 million), and tripled its net profit to €2.1 million as the fiber-optic recovery gathered momentum.

Alexandre Krivine, the entrepreneur who, along with Didier Sauvage, acquired the business from Avanex in April 2007, expects that momentum to keep growing in 2009:

"We are expecting an approximately 20 per cent increase in turnover [in] the next fiscal year, building on a continued organic growth of the company [and] driven by the renewal of the product portfolio," said Krivine, who is both president and CEO of 3S Photonics.

He believes that the optoelectronics market itself grew 15 per cent over the past year, something that 3S was able to exploit with the launch of new products such as 980 nm GaAs-based pump lasers that are used in submarine amplifier components to boost fiber-optic signals (see related stories).

"Sales of these highly strategic components - pump laser modules, fiber Bragg grating (FBG)-based filters and photodetectors - multiplied by three or four during fiscal year 2008," said the company in its earnings statement.

With the Paris-based firm s operating profit also markedly improved "“ from a €7.0 million loss in fiscal 2007 to a profit of €2.1 million in 2008 "“ the fab s underlying financial health looks to be in far better shape now than it did at any time under Avanex s control.

With a current headcount of around 160, the payroll at 3S Photonics is almost exactly the same as it was when Avanex off-loaded the business (see "Entrepreneur takes over Avanex s French fabs").

Having restored profitability in such a short time, the company is now looking towards the longer-term future. "In the medium term, we plan to double our annual revenues through external growth operations," Krivine said.

Beyond that, 3S is also involved in what it describes as two "major" collaborative research projects. One project is focused on developing high-power/low-noise optical modules, while the second is aiming to produce photonic integrated circuits, or PICs, for broadband network applications.

Connecting the Compound Semiconductor Industry

The 13th CS International conference builds on the strengths of its predecessors, with around 40 leaders from industry and academia delivering presentations that fall within five key themes: Ultrafast Communication; Making Headway with the MicroLED; Taking the Power from Silicon, New Vectors for the VCSEL, and Ultra-wide Bandgap Devices.

Delegates attending these sessions will gain insight into device technology, find out about the current status and the roadmap for the compound semiconductor industry, and discover the latest advances in tools and processes that will drive up fab yields and throughputs.

To discover our sponsorship and exhibition opportunities, contact us at:

Email: info@csinternational.net
Phone: +44 (0)24 7671 8970

To register your place as a delegate, visit: https://csinternational.net/register

Register
×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: