18.03.2015
Elmos Semiconductor AG DE0005677108
DGAP-News: Elmos Semiconductor AG: Further growth expected for 2015
DGAP-News: Elmos Semiconductor AG / Key word(s): Final Results
Elmos Semiconductor AG: Further growth expected for 2015
18.03.2015 / 07:30
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Elmos: Further growth expected for 2015
Adjusted free cash flow up to 9.5 million Euro in 2014
Dortmund, March 18, 2015: Sales of Elmos Semiconductor AG (FSE: ELG) for
the full year went up 10.8% to 209.5 million Euro (2013: 189.1 million
Euro). The EBIT was raised considerably by 77.9% to 22.6 million Euro
(2013: 12.7 million Euro). The EBIT margin came to 10.8% accordingly (2013:
6.7%). Consolidated net income climbed to 18.3 million Euro, equivalent to
earnings per share (EPS) of 0.94 Euro (2013: 9.4 million Euro and 0.49
Euro).
In the past fiscal year 2014 Elmos achieved a positive adjusted free cash
flow* in the amount of 9.5 million Euro (2013: 7.6 million Euro) despite
significant capital expenditures. The net cash position was thus expanded
from 39.3 million Euro as of December 31, 2013 to 47.0 million Euro as of
December 31, 2014.
Supervisory Board and Management Board propose to the Annual General
Meeting on May 8, 2015 to increase the dividend by roughly one third in
comparison with the last distribution. This equals a dividend proposal of
0.33 Euro per share (previous year: 0.25 Euro).
Over the past year Elmos managed to win numerous new customers e.g. for
sensor solutions, motor drivers, and LED control systems. The new customers
come from European countries as well as from outside Europe.
"Elmos operates in a market of high dynamics and competitiveness. I am
convinced that we will achieve further market penetration in core
applications," says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. "The
rather weak European market will limit our growth opportunities in 2015."
For the current fiscal year 2015 Elmos expects a sales growth in the mid
single-digit percentage range. We also assume that we will manage to
further expand the operational strength despite the highly competitive
environment and thus achieve a slightly better EBIT margin in 2015 compared
to 2014. Once more, Elmos will spend less than 15% of sales on capital
expenditures and achieve a positive adjusted free cash flow*. The forecast
is based on an exchange rate of 1.20 USD/EUR.
The current Annual Report for 2014 is available at www.elmos.com. The
presentation and the webcast of the analysts' conference can also be found
there.
Overview of selected financial figures according to IFRS (in million Euro
or percent unless otherwise indicated):
2014 2013 Diff. Q4/14 Q4/13 Diff.
Sales 209.5 189.1 10.8% 53.5 52.7 1.5%
Gross profit 91.4 79.2 15.4% 24.3 24.1 0.7%
Operating income 19.4 10.3 88.0% 6.4 6.7 -4.2%
EBIT 22.6 12.7 77.9% 8.2 7.1 14.6%
EBIT margin in % 10.8% 6.7% 15.3% 13.6%
Consolidated net income 18.3 9.4 93.7% 6.3 4.9 27.9%
after non-controlling interests
Basic earnings per share (Euro) 0.94 0.49 0.32 0.25
* Cash flow from operating activities less capital expenditures for
intangible assets and property, plant and equipment, less payments for
investments, plus disposal of investments
Elmos Semiconductor AG is a developer and manufacturer of system solutions
on semiconductor basis. For more than 30 years, our chips have made
vehicles as well as industrial and consumer goods more efficient in terms
of energy consumption and performance.
Contact: Elmos Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Germany, phone: +49 (0)231-7549-0, extension: -287, fax:
+49 (0)231-7549-548, [email protected], www.elmos.com
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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: [email protected]
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
End of News DGAP News-Service
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