DGAP-News: ELMOS Semiconductor AG: ELMOS shows strong upswing in 2nd half-year 2009
(firmenpresse) - ELMOS Semiconductor AG / Preliminary Results
18.02.2010 07:50
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4th quarter 2009 with clearly positive earnings
Dortmund: ELMOS Semiconductor AG (FSE: ELG) achieved sales of 123.8 million
Euro in past fiscal year 2009 (2008: 175.1 million Euro), according to
preliminary figures. The reason for the sales decline compared to 2008 is
the worldwide crisis. Due to a comprehensive package of cost-cutting
measures of roughly 15 million Euro, the reduction of earnings was
disproportionately low in relation to the decrease in sales. The gross
profit amounted to 35.9 million Euro (2008: 75.6 million Euro) and the
gross margin thus came to 29.0% (2008: 43.2%). Earnings before interest and
taxes (EBIT) were negative, at -15.8 million Euro (2008: 16.5 million
Euro).
In the 2nd half-year 2009 a clear upward trend became noticeable. Following
a 40.9% increase in sales from the second to the third quarter of 2009,
sales grew by another 13.9% from the third to the fourth quarter of 2009.
The EBIT recorded a clearly positive amount as well (Q4 2009: 2.9 million
Euro). As a balanced EBIT was already reached in the third quarter - one
quarter ahead of schedule -, a positive EBIT was achieved in the second
half-year 2009 on the whole.
'ELMOS emerges from the crisis stronger than before. We have gained in our
customers' confidence, launched promising developments, and more than ever
rely on a solid financial base and on a strong balance sheet,' says Dr.
Anton Mindl, CEO of ELMOS Semiconductor AG. 'The volume of orders received
and the customers' order behavior have shown a positive development
throughout the past months. However, the sustainability of the economic
upswing is still uncertain.'
A forecast for the whole year 2010 will be presented together with the
release of the financial statements 2009.
Overview of preliminary financial figures according to IFRS (in million
Euro or percent):
in million Euro or percent, Q4/ Q4/ Diff. 2009 2008 Diff.
unless otherwise indicated 2009 2008
Sales 40.5 41.7 -2.9% 123.8 175.1 -29.3%
Gross profit 16.0 17.4 -8.3% 35.9 75.6 -52.5%
R&D 6.1 8.1 -25.5% 25.3 31.6 -20.0%
Marketing&distribution 2.8 3.6 -23.5% 10.6 12.1 -12.0%
General administration 4.1 4.5 -6.9% 14.7 16.5 -10.6%
Operating income 3.0 1.3 139.4% -14.8 15.4 n/a
EBIT 2.9 2.3 24.2% -15.8 16.5
n/a
ELMOS Semiconductor AG is a producer and developer of system solutions on
semiconductor basis. For 25 years, roughly 90% of sales have been generated
with chips for automotive electronics.
ELMOS Semiconductor AG
Janina Rosenbaum
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Phone +49 231-75 49-0
Extension -287
Fax +49 231-75 49-548
info(at)elmos.de
www.elmos.de
18.02.2010 07:50 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: ELMOS Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Deutschland
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-548
E-mail: invest(at)elmos.de
Internet: http://www.elmos.de
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hamburg, Stuttgart
End of News DGAP News-Service
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Datum: 18.02.2010 - 07:50 Uhr
Sprache: Deutsch
News-ID 17067
Anzahl Zeichen: 0
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Kategorie:
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