DGAP-News: Elmos Semiconductor AG: Significant improvement of earnings over the year 2013
(firmenpresse) - DGAP-News: Elmos Semiconductor AG / Key word(s): Quarter Results
Elmos Semiconductor AG: Significant improvement of earnings over the
year 2013
06.11.2013 / 20:20
---------------------------------------------------------------------
Forecast confirmed - Strong fourth quarter 2013 expected
Dortmund, November 6, 2013: Elmos Semiconductor AG (FSE: ELG) increased
sales in the third quarter of 2013 by 6.8% over the prior-year quarter to
46.2 million Euro (Q3 2012: 43.3 million Euro). Cut-off-date related, sales
turned out slightly below the prior-quarter amount contrary to expectations
(Q2 2013: 47.1 million Euro).
The gross profit went up disproportionately to sales by 8.9% to 19.9
million Euro (Q3 2012: 18.3 million Euro) so that the gross margin climbed
from 42.2% to 43.1%. In addition to that, the decrease of operating
expenses contributed to another improvement of the EBIT margin,
considerably surpassing the prior-year amount with 8.0% (Q3 2012: 3.4%).
The consolidated net income came to 3.1 million Euro in the third quarter
of 2013 (Q3 2012: 1.0 million Euro), equivalent to basic earnings per share
of 0.16 Euro (Q3 2012: 0.05 Euro).
The increase of the earnings margins is apparent both in comparison with
the prior-year quarter and in the course of the year 2013. This improvement
is mainly due to the efficiency increase brought about by the continued
conversion of production from 6 to 8-inch wafers.
In the first nine months of 2013, Elmos achieved sales of 136.4 million
Euro. Sales have thus remained stable in comparison with the previous year
(9M 2012: 135.7 million Euro). The consolidated net income reached 4.5
million Euro (9M 2012: 4.6 million Euro). This equals basic earnings per
share of 0.23 Euro (9M 2012: 0.24 Euro).
The adjusted free cash flow came to 2.9 million Euro in the third quarter
2013 (Q3 2012: 3.2 million Euro), also reflecting an improvement in the
course of the year. With 2.7 million Euro, the adjusted free cash flow of
the first nine months of 2013 exceeded the corresponding prior-year amount
(9M 2012: -0.1 million Euro). The adjusted free cash flow defines as cash
flow from operating activities less capital expenditures for intangible
assets and property, plant and equipment, less payments for investments,
plus disposal of investments.
'Following three quarters with increasing earnings, the margins will keep
improving in the fourth quarter,' says Dr. Anton Mindl, CEO of Elmos
Semiconductor AG. 'Sales of the third quarter 2013 were slightly lower than
expected primarily on account of cut-off-date related effects. Therefore
and because of the order intake, we are expecting a strong fourth quarter
of 2013.'
For 2013, Elmos anticipates a sales increase in the mid single-digit
percentage range based on essentially unchanged general economic
conditions. The EBIT margin will be above the 2012 level (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 nine-month report is available in English and German at
www.elmos.com. On November 7, 2013 at 11.30 a.m. (CET), 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):Q3/13 Q3/12 Diff. 9M/13 9M/12 Diff.
Sales 46.2 43.3 6.8% 136.4 135.7 0.5%
Gross profit 19.9 18.3 8.9% 55.1 54.5 1.0%
Operating income 3.7 1.4>100% 3.6 2.5 46.1%
EBIT 3.7 1.5>100% 5.5 5.8 -5.0%
Consolidated net income
after non-controlling interests 3.1 1.0>100% 4.5 4.6 -1.1%
Basic earnings per share (Euro) 0.16 0.05 0.23 0.24
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
---------------------------------------------------------------------
06.11.2013 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
---------------------------------------------------------------------
238396 06.11.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 06.11.2013 - 20:20 Uhr
Sprache: Deutsch
News-ID 313548
Anzahl Zeichen: 6804
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 287 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Elmos Semiconductor AG: Significant improvement of earnings over 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).
