18.02.2016
Elmos Semiconductor AG DE0005677108
DGAP-News: Elmos Semiconductor AG: Solid sales growth in 2015
DGAP-News: Elmos Semiconductor AG / Key word(s): Preliminary
Results/Forecast
Elmos Semiconductor AG: Solid sales growth in 2015
18.02.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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EBIT margin increased to 11.2% - Moderate sales growth expected for 2016
Dortmund, February 18, 2016: Elmos Semiconductor AG (FSE: ELG) has
increased sales as well as earnings before interest and taxes in the past
financial year 2015 and met the forecast targets, according to preliminary
unaudited financials.
Sales for the full year 2015 were up 4.8% to 219.6 million Euro (2014:
209.5 million Euro). With a 23.1% growth in 2015, the performance of the
Asia/Pacific region was once again significantly stronger compared to the
other markets. The gross profit reached 91.6 million Euro; this equals a
gross margin of 41.7% (2014: 91.4 million Euro or 43.6%). Gross profit was
negatively affected by the strong U.S. dollar in the year 2015. Operating
expenses were slightly down to 33.5% in relation to sales (2014: 34.4%). In
the course of the year, the EBIT was increased by 8.7% to 24.5 million Euro
or rather by 0.4 percentage points to an EBIT margin of 11.2% (2014: 22.6
million Euro or 10.8%). The EBIT benefited from one-off effects.
Consolidated net income amounted to 16.2 million Euro, equivalent to
earnings per share (EPS) of 0.82 Euro (2014: 18.3 million Euro or 0.94
Euro). The prior-year net income benefited from one-off tax effects.
Sales of the fourth quarter of 2015 in the amount of 55.3 million Euro were
slightly ahead of both the previous quarter's and the prior-year quarter's
sales figures (Q3 2015: 54.6 million Euro, Q4 2014: 53.5 million Euro). The
gross margin stabilized in the course of the year 2015 and reached 42.0% in
the quarter under review after 41.3% in the third quarter of 2015. The EBIT
margin moved only slightly compared to the previous quarter at 12.6% in the
fourth quarter of 2015 (Q3 2015: 12.9%). Elmos achieved a quarterly net
income of 4.4 million Euro in the fourth quarter of 2015 after 4.7 million
Euro in the third quarter of 2015.
Due to the sustained positive business performance, Supervisory Board and
Management Board will propose to the Annual General Meeting to be held in
May 2016 a dividend payment of again 0.33 Euro per share.
"2015 became a difficult year for the car manufacturers particularly during
its second half. Against this backdrop we are still satisfied with the
performance of Elmos. On a positive note, Elmos managed to exceed the
project acquisition targets defined for 2015 even in this difficult market
environment and won more than 20 new customers," says Dr. Anton Mindl, CEO
of Elmos Semiconductor AG. "2016 will probably be another challenging year
for the global car market; especially in Europe and the U.S. only slow
growth is to be expected."
In 2016 sales will be affected by the expected weak worldwide increase in
new car registrations and the Company's earnings will be influenced by the
strong U.S. dollar. Elmos therefore anticipates a sales growth of between
2% and 6% in 2016 compared to the previous year. The EBIT margin is
expected to reach roughly 10%. The capital expenditures ratio is scheduled
to be lower than 12% of sales. Elmos will also generate a positive adjusted
free cash flow once again.
Final financial figures and the complete Annual Report for the year 2015
will probably be released on March 16, 2016. That same day, Elmos will also
hold a conference call at 9:30 a.m. (CET) for analysts and investors (in
English). The conference call will later be downloadable from the website.
Overview of selected preliminary and unaudited financial figures according
to IFRS (in million Euro or percent unless otherwise indicated):
2015 2014 diff. Q4/15 Q4/14 diff.
Sales 219.6 209.5 4.8% 55.3 53.5 3.5%
Gross profit 91.6 91.4 0.2% 23.3 24.3 -4.3%
Operating income 18.1 19.4 -6.8% 5.6 6.4 -13.1%
EBIT 24.5 22.6 8.7% 7.0 8.2 -14.6%
EBIT margin in % 11.2% 10.8% 12.6% 15.3%
Consolidated net income
after non-controlling
interests 16.2 18.3 -11.4% 4.4 6.3 -29.6%
Basic earnings
per share (Euro) 0.82 0.94 0.22 0.32
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: +49 231-7549-0, extension: -287, fax: +49
231-7549-111, [email protected], www.elmos.com
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18.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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 7549-111
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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438069 18.02.2016
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