DGAP-News: Elmos Semiconductor AG / Key word(s): Final Results Elmos Semiconductor AG: Adjusted free cash flow more than doubled in 2015 16.03.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Adjusted FCF reaches 25.6 million Euro - ASSP sales significantly increased Dortmund, March 16, 2016: Elmos increased sales by 4.8% to 219.6 million Euro for the full year 2015 (2014: 209.5 million Euro). The EBIT climbed 8.7% to 24.5 million Euro or rather 0.4% points to an EBIT margin of 11.2% (2014: 22.6 million Euro or 10.8%). The EBIT benefited from one-off effects. The 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 was favored by one-off tax effects. The adjusted free cash flow* reached 25.6 million Euro (not including the repurchase of land and building from prematurely terminated lease contracts in the amount of approx. 14 million Euro) and thus more than doubled in comparison with the previous year (2014: 9.5 million Euro). This is accounted for by the strong operating cash flow as well as lower capital expenditures than in the previous year. The net cash position was accordingly increased from 47.0 million Euro as of December 31, 2014 to 53.7 million Euro as of December 31, 2015. "In 2015 we have achieved essential structural improvements. The product mix has a broader base and the definition of new projects has been more targeted," says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. Elmos scored continued success with its application specific standard components, so-called ASSPs, in 2015. The Company increased sales with these products to a share of roughly 35% in consolidated sales (2014: about 25%). Furthermore, the three business lines (Sensors, Motor Control, and Embedded Solutions) have defined promising products and started with their development. The majority of them are also ASSPs. As announced already in mid-February, Elmos expects sales growth of 2% to 6% for 2016 compared to the previous year. The EBIT margin is anticipated at around 10%. The capital expenditures ratio is scheduled to come to less than 12% of sales. Moreover, Elmos will generate a positive adjusted free cash flow again. The forecast is based on an exchange rate of 1.10 USD/EUR. The Annual Report 2015 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): 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 16.2 18.3 -11.4% 4.4 6.3 -29.6% after non-controlling interests Basic earnings 0.82 0.94 0.22 0.32 per share (Euro) * 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, phone: +49 (0)231-7549-0, extension: -287, fax: +49 (0)231-7549-111, [email protected], www.elmos.com --------------------------------------------------------------------------- 16.03.2016 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 --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 445251 16.03.2016