DGAP-News: ELMOS Semiconductor AG: ELMOS sales and earnings on schedule
(firmenpresse) - DGAP-News: ELMOS Semiconductor AG / Key word(s): Quarter
Results/Interim Report
ELMOS Semiconductor AG: ELMOS sales and earnings on schedule
03.11.2011 / 19:40
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Increase in Asian share above average
Dortmund, November 3, 2011: Sales of ELMOS Semiconductor AG (FSE: ELG) grew
by 7.2% in the third quarter of 2011 compared to the prior-year period,
adjusted by the sale of the special packaging business as of the end of
2010, coming to 48.0 million Euro (adjusted Q3 2010: 44.7 million Euro).
Without consideration of this sale transaction, sales grew by 3.6% (Q3
2010: 46.3 million Euro). With respect to the regional sales performance,
the continued positive trend in the region Asia/Pacific is worth pointing
out. Sales generated in this region over the quarter under review went up
by more than 50% compared to the prior-year period. The region's share in
group sales thus increased to 19.2% (Q3 2010: 13.1%).
The gross profit went up to 23.1 million Euro (Q3 2010: 22.4 million Euro).
The gross margin thus amounted to 48.1% (Q3 2010: 48.3%). Research and
development expenses were raised on schedule for broadening the product
portfolio, coming to 8.3 million Euro (Q3 2010: 7.3 million Euro). As a
result of this, the EBIT reached 6.9 million Euro (Q3 2010: 7.4 million
Euro), and the net income was 5.3 million Euro (Q3 2010: 5.2 million Euro).
Earnings per share were generated in the amount of 0.27 Euro (Q3 2010: 0.27
Euro).
'We confirm our 2011 forecast. Due to the rather defensive ordering
behavior of our customers at present, sales in 2011 will reach the lower
range of the stated margin of 190 to 200 million Euro. On the other hand,
though, the operating efficiency has developed rather positively in the
course of the year. Therefore ELMOS now anticipates an EBIT margin of more
than 13%,'says Dr. Anton Mindl, CEO of ELMOS Semiconductor AG.
In the first nine months, ELMOS achieved sales of 145.3 million Euro (9M
2010: 136.1 million Euro). The gross profit climbed to 66.2 million Euro
(9M 2010: 60.6 million Euro). Over the nine-month period, the EBIT
increased to 19.1 million Euro, and the net income grew to 13.8 million
Euro (9M 2010: 15.6 and 10.5 million Euro, respectively).
The complete 9-month report is available in English and German at
www.elmos.de. On November 4, 2011 at 11.00 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):
Q3/11 Q3/10 Diff. 9M/11 9M/10 Diff.
Sales 48.0 46.3 3.6% 145.3 136.1 6.8%
Gross profit 23.1 22.4 3.2% 66.2 60.6 9.3%
Operating income 6.3 7.6 -17.8% 17.1 15.7 8.9%
EBIT 6.9 7.4 -6.3% 19.1 15.6 22.3%
Net income 5.3 5.2 1.6% 13.8 10.5 31.6%
Basic earnings per share 0.27 0.27 0.71 0.54
(Euro)
ELMOS Semiconductor AG is a developer and manufacturer of
semiconductor-based system solutions. Our chips have made automobiles as
well as industrial and consumer goods more performance and power efficient
for more than 25 years.
Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, phone: +49 231-7549-0, extension: -287, fax: +49
231-7549-548, info(at)elmos.de, www.elmos.de
End of Corporate News
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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.de
Internet: http://www.elmos.de
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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144702 03.11.2011
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Datum: 03.11.2011 - 19:40 Uhr
Sprache: Deutsch
News-ID 83887
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