DGAP-News: ELMOS Semiconductor AG: Positive trend continues in 1st quarter 2010
(firmenpresse) - ELMOS Semiconductor AG / Quarter Results
28.04.2010 07:50
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Sales increase 92.0% - clearly positive earnings
Dortmund, April 28, 2010: ELMOS Semiconductor AG (FSE: ELG) managed to
continue the positive trend of the 2nd half-year 2009 in the first quarter
of 2010. Sales of the first quarter of 2010 increased 92.0% compared to the
prior-year period to 43.4 million Euro (Q1 2009: 22.6 million Euro).
Earnings also improved considerably in comparison with the previous year
and are clearly positive. The gross profit grew to 18.1 million Euro (Q1
2009: 4.7 million Euro), the EBIT reached 3.5 million Euro (Q1 2009: -8.9
million Euro), and the net income amounted to 2.6 million Euro (Q1 2009:
net loss of-6.1 million Euro). This corresponds with earnings per share of
0.14 Euro (Q1 2009: loss per share of -0.32 Euro).
Increases in sales (+7.2%), operating income (+23.4%), EBIT (+21.7%), and
net income (+51.1%) were also achieved in comparison with the fourth
quarter of 2009.
'The consistently positive trend extends over our entire product portfolio.
However, the macroeconomic risks for the second half-year 2010 remain,'
says Dr. Anton Mindl, CEO of ELMOS Semiconductor AG.
Based on the first quarter of 2010, ELMOS now anticipates a sales growth of
more than 20% for the full year and thus raises its forecast of the
beginning of the year. EBIT and cash flow of the current fiscal year will
be positive.
'At 8.4 million Euro in the first quarter of 2010, the free cash flow
showed a very pleasant development', Mindl adds. Cash and cash equivalents
came to 55.0 million Euro as of March 31, 2010.
The complete 3-month report is available in German and English at
www.elmos.de. On April 28, 2010 at 11.00 a.m. (CEST), ELMOS will hold a
conference call (in English) for analysts and investors. The conference
call will later be downloadable from the company's website.
Overview of financial figures according to IFRS (in million Euro or
percent, unless otherwise indicated):
Q1/10 Q1/09 Change
Sales 43.4 22.6 92.0%
Gross profit 18.1 4.7 286.6%
Operating income 3.8 -8.5 n/a
EBIT 3.5 -8.9 n/a
Net income/loss 2.6 -6.1 n/a
Earnings per share (Euro) 0.14 -0.32 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
vehicles 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
28.04.2010 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: 28.04.2010 - 07:50 Uhr
Sprache: Deutsch
News-ID 19807
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