Flexible Electronics News

Canatu Continues Strong Revenue Growth in 2023

Expansion is driven by EUV membranes for the semiconductor industry.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Canatu announced the following financial results for 2023. In 2023, Canatu achieved 73% year-over-year revenue growth, totaling €16.6 million ($18.3 million USD), over three consecutive years. The company realized a 99% year-over-year revenue growth in the semiconductor industry, and successfully attained the first EBITDA-positive year. Canatu has also doubled the number of employees in the past 18 months. The semiconductor business emerged as an integral component of Canatu’s revenue stream,...

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