ELMOS: Significant sales increase, break-even reached
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Market stimulation above expectations - satisfying order positionDortmund: ELMOS Semiconductor AG (FSE: ELG) increased sales of the3rd quarter 2009 by 40.9% over the previous quarter and reached apositive EBIT. While sales of 35.5 million Euro are considerablybelow the prior-year level (Q3 2008: 42.6 million Euro), thesignificant recovery of business shows in the course of the year 2009(Q1 2009: 22.6 million Euro / Q2 2009: 25.2 million Euro).The company generated a gross profit of 19.9 million Euro in thefirst nine months. This corresponds with a 65.8% reduction incomparison with the previous year (9M 2008: 58.1 million Euro);however, the improvement of the quality of results from the 2ndquarter 2009 to the 3rd quarter 2009 was disproportionately high. Thegross profit gained 9.6 million Euro over this quarterly period ofcomparison to reach 12.4 million Euro (Q2 2009: 2.8 million Euro).In consequence, operating result and EBIT also improved in comparisonwith the previous quarter (operating result Q2 2009: -9.6 millionEuro vs. Q3 2009: 0.3 million Euro / EBIT Q2 2009: -9.9 million Eurovs. Q3 2009: 0.1 million Euro). Thus a balanced EBIT was realized onequarter earlier than predicted in the half-year report. At -0.3million Euro, the net result for the period turned out much betterthan in the previous quarter as well (Q2 2009: -7.5 million Euro).Both operating cash flow and free cash flow were positive in the 3rdquarter 2009 and amounted to 2.7 million Euro and 2.5 million Euro,respectively. Cash and cash equivalents were maintained at a highlevel (40.8 million Euro)."The satisfying sales of the quarter under review are accounted forby a volume of orders beyond expectations, partly on short notice,and our consistent capability to supply - particularly with regard tonew starts of production", says Dr. Anton Mindl, CEO of ELMOSSemiconductor AG. "We are expecting this positive trend to keep upuntil the end of the year 2009."Based on nine months, ELMOS achieved sales of 83.3 million Euro (9M2008: 133.5 million Euro), the EBIT came to -18.7 million Euro (9M2008: 14.2 million Euro), and the net loss amounted to -14.0 millionEuro (9M 2008: net income of 9.7 million Euro).The complete report on the 3rd quarter / nine-month report isavailable in German and English at www.elmos.de. On November 4, 2009at 11:00 a.m. (CET), ELMOS will hold a conference call (in English)for analysts and investors. The conference call will later bedownloadable from the company website.Overview of financial figures Q3/09 and 9M/09 according to IFRS:+----------------------------------------------------------------------------+|in million Euro or |Q3 2009| Q3 |Diff. |Q2 2009|Diff |9M 2009|9M 2008|Diff. ||percent, unless | |2008| | | | | | ||otherwise indicated| | | | | | | | ||-------------------+-------+----+------+-------+-----+-------+-------+------||Sales | 35.5 |42.6|-16.7%| 25.2 |40.9%| 83.3 | 133.5 |-37.6%||-------------------+-------+----+------+-------+-----+-------+-------+------||Gross profit | 12.4 |18.8|-33.9%| 2.8 | n/a | 19.9 | 58.1 |-65.8%||-------------------+-------+----+------+-------+-----+-------+-------+------||Operating result | 0.3 |4.3 | n/a | -9.6 | n/a | -17.8 | 14.1 | n/a ||-------------------+-------+----+------+-------+-----+-------+-------+------||EBIT | 0.1 |5.2 | n/a | -9.9 | n/a | -18.7 | 14.2 | n/a ||-------------------+-------+----+------+-------+-----+-------+-------+------||Net result for the | -0.3 |3.4 | n/a | -7.5 |94.5%| -14.0 | 9.7 | n/a ||period | | | | | | | | ||-------------------+-------+----+------+-------+-----+-------+-------+------||Earnings per share | -0.02 |0.17| n/a | -0.39 |94.5%| -0.72 | 0.50 | n/a ||(Euro) | | | | | | | | |+----------------------------------------------------------------------------+ELMOS Semiconductor AG is a producer and developer of systemsolutions on semiconductor basis. For 25 years, roughly 90% of saleshave been generated with chips for automotive electronics.ELMOS Semiconductor AGMathias KuklaHeinrich-Hertz-Str. 144227 DortmundGermanyPhone +49 231-75 49-0Extension -199Fax +49 231-75 49-548info(at)elmos.dewww.elmos.de --- End of Message ---ELMOS Semiconductor AGHeinrich-Hertz-Strasse 1 Dortmund DeutschlandWKN: 567710; ISIN: DE0005677108; Index: Prime All Share, CDAX, HDAX, MIDCAP, TECH All Share, GEX;Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Berlin, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Stuttgart, Freiverkehr in Bayerische Börse München, Regulierter Markt in Frankfurter Wertpapierbörse;
Datum: 04.11.2009 - 07:50 Uhr
Sprache: Deutsch
News-ID 7866
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 216 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ELMOS: Significant sales increase, break-even reached"
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).
