DGAP-News: Elmos Semiconductor AG: Cash flow 2012 positive as predicted
(firmenpresse) - DGAP-News: ELMOS Semiconductor AG / Key word(s): Final Results
Elmos Semiconductor AG: Cash flow 2012 positive as predicted
19.03.2013 / 09:20
---------------------------------------------------------------------
7.3 million Euro adjusted free cash flow despite weakness in Europe
Dortmund, March 19, 2013: Elmos Semiconductor AG (FSE: ELG) achieved a
positive adjusted free cash flow in the amount of 7.3 million Euro (2011:
10.7 million Euro) in spite of the sales decline in 2012. At 39.3 million
Euro as of December 31, 2012, net cash reached a new record high (December
31, 2011: 35.7 million Euro).
Sales went down to 180.1 million Euro (2011: 194.3 million Euro) because of
the continued weakness of the European auto market. The gross profit went
down to 76.1 million Euro (2011: 89.6 million Euro), equivalent to a gross
margin of 42.2% (2011: 46.1%). The EBIT reached 11.4 million Euro or 6.3%
of sales (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.
'We managed to further strengthen our financial foundation despite the
sales decline. The success in acquiring new business shows that we are part
of our customers' future plans. This opens up good opportunities for growth
in the medium term,' says Dr. Anton Mindl, CEO of Elmos Semiconductor AG.
2013 had a rather slow start. However, Elmos expects considerable
stimulation of growth to begin in the second quarter of 2013. Elmos
anticipates a sales increase in the mid single-digit percentage range for
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 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%
Consolidated net income 8.0 18.9 -57.7% 3.5 5.2 -32.3%
Earnings per share in Euro 0.41 0.98 0.18 0.27
(basic earnings)
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,
44227 Dortmund, phone: +49 (0)231-7549-0, extension: -287, fax: +49
(0)231-7549-548, invest(at)elmos.com, www.elmos.com
End of Corporate News
---------------------------------------------------------------------
19.03.2013 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
---------------------------------------------------------------------
204314 19.03.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 19.03.2013 - 09:20 Uhr
Sprache: Deutsch
News-ID 240610
Anzahl Zeichen: 5493
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 334 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Elmos Semiconductor AG: Cash flow 2012 positive as predicted"
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).
