DGAP-News: ELMOS Semiconductor AG: Positive outlook for 2010
(firmenpresse) - ELMOS Semiconductor AG / Final Results
18.03.2010 10:10
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Increase in sales of more than 15% expected
Dortmund, March 18, 2010: ELMOS Semiconductor AG (FSE: ELG) achieved sales
of 123.8 million Euro in past fiscal year 2009 (2008: 175.1 million Euro).
The gross profit went down to 35.9 million Euro (2008: 75.6 million Euro),
the gross margin came to 29.0% (2008: 43.2%). Earnings before interest and
taxes (EBIT) dropped to -15.8 million Euro (2008: 16.5 million Euro). The
group's net loss after considering minority interest was -12.2 million Euro
(2008: net income of 10.6 million Euro). The decrease in sales and earnings
is due to the global economic and automotive crisis. Based on a group-wide
bundle of cost saving measures worth roughly 15 million Euro, an even
greater reduction of earnings could be prevented.
Capital expenditures were scaled down considerably in 2009 and dropped to
7.4 million Euro (2008: 20.8 million Euro). Despite the negative earnings,
positive figures were achieved for the operating cash flow (9.4 million
Euro) as well as the free cash flow (3.9 million Euro).
'We are basically optimistic in our outlook for the future on the basis of
economic factors. However, it has not become clearly apparent yet if the
present upswing will continue in the second half-year. The general economic
situation is still holding risks', says Dr. Anton Mindl, CEO of ELMOS
Semiconductor AG.
Due to the good start into the year 2010, ELMOS expects an increase in
sales of more than 15% for the whole year. EBIT and cash flow will be
positive in 2010. Furthermore, capital expenditures will turn out
significantly below 15% in relation to sales. The structural cost saving
measures which make ELMOS more productive and more competitive will be
continued consistently.
Management Board and Supervisory Board consider it the right course of
action in view of the overall economy and the negative earnings in 2009 to
keep the liquid funds in the company and not to pay a dividend.
The complete annual report for fiscal year 2009 is available at
www.elmos.de.
On March 18, 2010 at 10:00 a.m. (CET), the annual press conference will be
held in Dortmund. At 4:00 p.m., the analysts' conference will start in
Frankfurt/Main. This event will be shown live per webcast at www.elmos.de.
A recording will be available later on.
Overview of financial figures according to IFRS (in million Euro or
percent, unless otherwise indicated):
2009 2008 Change
Sales 123.8 175.1 -29.3%
Gross profit 35.9 75.6 -52.5%
Operating income -14.8 15.4 n/a
EBIT -15.8 16.5 n/a
Net income/Net loss -12.2 10.6 n/a
Earnings per share (Euro) -0.63 0.55 n/a
ELMOS Semiconductor AG is a developer and manufacturer of system solutions
on semiconductor basis. For more than 25 years, our chips have made
automobiles as well as industrial and consumer goods more performance and
power efficient.
Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
D-44227 Dortmund, Phone: +49 231-7549-0, Extension: -287, Fax: +49
231-7549-548, info(at)elmos.de, www.elmos.de
18.03.2010 10:10 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
---------------------------------------------------------------------------
Datum: 18.03.2010 - 10:10 Uhr
Sprache: Deutsch
News-ID 17673
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 295 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: ELMOS Semiconductor AG: Positive outlook for 2010"
steht unter der journalistisch-redaktionellen Verantwortung von
ELMOS Semiconductor AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
