DGAP-News: ELMOS Semiconductor AG: Elmos provides continuity in dividends for 2012
(firmenpresse) - DGAP-News: ELMOS Semiconductor AG / Key word(s): Preliminary
Results/Dividend
ELMOS Semiconductor AG: Elmos provides continuity in dividends for
2012
19.02.2013 / 21:30
---------------------------------------------------------------------
0.25 Euro per share proposed - Weakness in Europe affects the financial
year
Dortmund, February 19, 2013: Sales of Elmos Semiconductor AG (FSE: ELG)
were on the decline in the past financial year, according to preliminary
and unaudited figures, coming to 180.1 million Euro (2011: 194.3 million
Euro). The pleasant growth achieved in Asia (+6.0%) and the U.S.A. (+14.2%)
could not entirely compensate the continued weakness in Europe due to the
higher portion of Elmos sales generated in the European Union.
The gross profit went down to 76.1 million Euro (2011: 89.6 million Euro).
This is equivalent to a gross margin of 42.2% (2011: 46.1%). The cost
cutting program launched in April 2012 throughout the group has had
positive effects on earnings and compensated the effect of underutilization
caused by the lower sales level in part. The EBIT reached 11.4 million Euro
and equaled an EBIT margin of 6.3% (2011: 26.6 million Euro or 13.7%). The
consolidated net income was 8.0 million Euro (2011: 18.9 million Euro).
Basic earnings per share (EPS) dropped to 0.41 Euro compared to 0.98 Euro
in the previous year.
In line with the policy of aiming at continuity in dividends and because
the weaker financial development in 2012 is considered merely temporary,
Management Board and Supervisory Board will propose to the Annual General
Meeting on May 24, 2013 to pay a dividend of 0.25 Euro per share.
'The quality of earnings showed a pleasant development near the end of
2012, partly a result of the cost cutting program. Moreover, Elmos achieved
a new record in the acquisition of new projects over the past financial
year,' says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. 'Therefore
Elmos looks to the future with optimism despite the weakness in Europe.
This confidence also finds expression in the dividend proposal for 2012.'
Even though 2013 rather had a slow start, we are expecting considerable
stimulation of growth to begin in the second quarter of 2013. Elmos has the
right products for future growth and thus assumes a sales increase in the
mid single-digit percentage range in 2013. The EBIT margin will be above
the level of 2012 (6.3%). The adjusted free cash flow is expected to be
positive. Capital expenditures are scheduled not to exceed 15% of sales.
Overview of selected preliminary and unaudited financial figures according
to IFRS (in million Euro or percent unless otherwise indicated):
2012 2011 diff. Q4/12 Q4/11 diff.
Sales 180.1 194.3 -7.3% 44.4 49.0 -9.3%
Gross profit 76.1 89.6 -15.1% 21.6 23.4 -7.9%
Operating income 7.5 24.2 -69.1% 5.1 7.1 -27.8%
EBIT 11.4 26.6 -57.2% 5.6 7.5 -24.8%
Net income 8.0 18.9 -57.7% 3.5 5.2 -32.3%
Basic earnings per 0.41 0.98 0.18 0.27
share in Euro
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 andpower efficient.
Contact: Elmos Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, phone: +49 (0)231-7549-0, extension: -287, fax: +49
(0)231-7549-548, info(at)elmos.com, www.elmos.com
End of Corporate News
---------------------------------------------------------------------
19.02.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: ELMOS Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-548
E-mail: invest(at)elmos.com
Internet: http://www.elmos.com
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
201849 19.02.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 19.02.2013 - 21:30 Uhr
Sprache: Deutsch
News-ID 231022
Anzahl Zeichen: 5849
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: ELMOS Semiconductor AG: Elmos provides continuity in dividends for 2012"
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).
