DGAP-News: Elmos Semiconductor AG: Positive sales performance over the course of the year 2013
(firmenpresse) - DGAP-News: Elmos Semiconductor AG / Key word(s): Half Year
Results/Forecast
Elmos Semiconductor AG: Positive sales performance over the course of
the year 2013
07.08.2013 / 19:00
---------------------------------------------------------------------
Ramp-up of new products - forecast confirmed
Dortmund, August 7, 2013: Elmos Semiconductor AG (FSE: ELG) had a positive
development over the course of the year 2013. Product ramp-ups and the
succession of product generations have contributed to a pleasing growth in
sales in the second quarter of 2013. Sales were up by 3.5% compared to the
prior-year quarter (Q2 2012: 45.5 million Euro) and by even 9.1% compared
to the previous quarter (Q1 2013: 43.1 million Euro), reaching 47.1 million
Euro in the quarter under review.
Sales generated in the first half-year 2013 were slightly below those of
the first half-year 2012 as expected, going down by 2.4% to 90.2 million
Euro (HY1 2012: 92.4 million Euro). The uncertain European economy
negatively affected sales primarily in the first quarter of 2013. The
Asia/Pacific share in sales, on the other hand, rose from 20.4% in the
first half-year 2012 to 23.4% in the half-year 2013 under review.
The gross profit reached 35.2 million Euro in the first half-year 2013, or
39.0% of sales (HY1 2012: 36.3 million Euro, or 39.2%). At 35.3 million
Euro, operating expenses remained almost unchanged (HY1 2012: 35.2 million
Euro). Earnings before interest and taxes (EBIT) for the first half-year
fell to 1.8 million Euro (HY1 2012: 4.4 million Euro), primarily on account
of the income from the revaluation of the old shares in MAZ in the amount
of 1.8 million Euro, included in the prior-year period's other operating
income. The consolidated net income reached 1.5 million Euro (HY1 2012: 3.6
million Euro). This equals basic earnings per share of 0.08 Euro (HY1 2012:
0.18 Euro).
At 5.2 million Euro, the cash flow from operating activities remained
roughly stable in the first half-year 2013 (HY1 2012: 5.0 million Euro).
The adjusted free cash flow (cash flow from operating activities less
capital expenditures for intangible assets and property, plant and
equipment, less payments for investments, plus disposal of investments)
came to -0.2 million Euro in the first half-year 2013 as opposed to -3.3
million Euro in the first half-year 2012.
'Europe's economic situation continues to be difficult. However, our sales
performance is determined by product ramp-ups and the succession of product
generations,' says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. 'Over
the course of this year, our success in the market will show not only in
sales but in significantly improved earnings as well.'
Elmos confirms the forecast for the full year 2013. At essentially
unchanged general economic conditions, a sales increase in the mid
single-digit percentage range is anticipated. 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 budgeted to amount to no more than 15%
of sales.
The complete half-year report is available in English and German at
www.elmos.com. On August 8, 2013 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 Euroor percent
unless otherwise indicated):
Q2/13 Q2/12 Diff. HY1/13 HY1/12 Diff.
Sales 47.1 45.5 3.5% 90.2 92.4 -2.4%
Gross profit 18.3 18.0 1.7% 35.2 36.3 -3.0%
Operating income 0.5 0.4 33.8% -0.1 1.1 n/a
EBIT 1.6 3.4 -53.1% 1.8 4.4 -57.9%
Consolidated net 1.1 2.9 -63.9% 1.5 3.6 -58.5%
income after
non-controlling interests
Basic earnings 0.05 0.15 0.08 0.18
per share (Euro)
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,
44227 Dortmund,
Phone: +49 231-7549-0, Extension: -287, Fax: +49 231-7549-548,
invest(at)elmos.com, www.elmos.com
End of Corporate News
---------------------------------------------------------------------
07.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group 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
---------------------------------------------------------------------
224741 07.08.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 07.08.2013 - 19:00 Uhr
Sprache: Deutsch
News-ID 285651
Anzahl Zeichen: 6741
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 270 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Elmos Semiconductor AG: Positive sales performance over the course of the year 2013"
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).
