Elmos Semiconductor SE
Elmos Semiconductor AG: Positive sales and earnings development in Q3 2019
DGAP-News: Elmos Semiconductor AG
/ Key word(s): 9 Month figures
Special effect SMI sale closed – Guidance confirmed Dortmund, November 6, 2019: Elmos Semiconductor AG (FSE: ELG) achieved sales growth of 8.1% to 75.0 million Euro in the third quarter of 2019 compared to the prior-year period. As a result of the sale of the subsidiary Silicon Microstructures Inc. (SMI) and the related other operating income of 61.9 million Euro in Q3 2019, EBIT grew to 72.9 million Euro. Excluding this special effect, operational EBIT amounted to 11.0 million Euro and the operational EBIT margin to 14.7%. The development of operational EBIT reflects, among other things, the effect of increased R&D expenses as well as consulting costs in the course of the SMI sales process. Capital expenditures in Q3 2019 amounted to 7.4 million Euro or 9.9% of revenues. The adjusted free cash flow was strongly positive at 88.3 million Euro due to the cash inflow from the disposal. “We can be very satisfied with the course of the year to date. Our innovative products are gaining market share. We enable our customers to remain competitive even under difficult market conditions. We also regard the sale of SMI as a major success,” says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. SMI, which fully represents the micromechanics segment, is only included in the sales and earnings presentation of Elmos in 2019 for the first nine months. The micromechanics segment will be discontinued in the future. Taking into account the above facts, the following forecast, which was given on the occasion of the closing of the SMI transaction on September 30, 2019, is hereby confirmed: Sales growth will be 4-8%. The operational EBIT margin will be between 13% and 17%. Investments will account for less than 15% of sales. The adjusted free cash flow will be significantly positive due to the cash inflow from the transaction. The forecast is based on an exchange rate of 1.15 US dollars/Euro. Overview of the financial figures Figures in accordance with IFRS (in millions of euros or percent, unless otherwise stated):
Definitions of selected financial indicators Elmos Semiconductor AG Dafne Sanac, Head of Investor Relations, Fon: +49231‐7549‐7859 Mathias Kukla, Press Relations, Fon: +49231‐7549‐199 Email: invest@elmos.com
06.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Elmos Semiconductor AG |
Heinrich-Hertz-Str. 1 | |
44227 Dortmund | |
Germany | |
Phone: | +49 (0)231 7549-510 |
Fax: | +49 (0)231 7549-111 |
E-mail: | invest@elmos.com |
Internet: | http://www.elmos.com |
ISIN: | DE0005677108 |
WKN: | 567710 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 904803 |
End of News | DGAP News Service |