DGAP-News: Elmos Semiconductor AG / Key word(s): Half Year Results Elmos Semiconductor AG: Earnings improvement in the second quarter 2016 03.08.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Guidance confirmed - Increase in sales and earnings expected for 2nd half- year 2016 Dortmund, August 3, 2016: Elmos Semiconductor AG (FSE: ELG) generated sales in the amount of 55.0 million Euro in the second quarter of 2016 (Q2 2015: 54.3 million Euro). At 16.2%, the sales increase achieved in Asia was disproportionately high. Earnings were increased over the previous quarter as expected, turning out slightly above the prior-year quarter's results. The gross profit grew from 19.7 million Euro for Q1 2016 to 23.3 million Euro in Q2 2016 (Q2 2015: 23.4 million Euro). The EBIT climbed from 0.8 million Euro in the previous quarter to 4.8 million Euro in Q2 2016 (Q2 2015: 4.1 million Euro). At 3.3 million Euro in Q2 2016, the consolidated net income was also higher than the results of both the previous quarter (Q1 2016: 0.3 million Euro) and the prior-year quarter (Q2 2015: 2.8 million Euro). Sales in the first half-year 2016 remained solid at 108.7 million Euro (HY1 2015: 109.7 million Euro). The gross profit dropped by 6.2% to 43.0 million Euro in the first half-year 2016 (HY1 2015: 45.8 million Euro). The EBIT came to 5.6 million Euro in the first half-year 2016, equivalent to an EBIT margin of 5.1% (HY1 2015: 10.5 million or 9.5%). Consolidated net income for the reporting period reached 3.7 million Euro or earnings per share of 0.19 Euro (HY1 2015: 7.1 million Euro or 0.36 Euro). In the first six months of 2016 the operating cash flow went down from 16.4 million Euro for the prior-year period to 8.1 million Euro. This development is essentially attributable to a concentration of tax payments from different periods. Capital expenditures for intangible assets and property, plant and equipment amounted to 17.2 million Euro or 15.8% of sales (HY1 2015: 14.2 million Euro or 13.0% of sales). The adjusted free cash flow* was -9.1 million Euro (HY1 2015: 3.0 million Euro). "More satisfying than the sales performance of the first half-year 2016 was the acquisition of new projects. This shows that we develop the right products for a dynamic market," says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. "Elmos is expecting an improvement of sales and earnings for the remainder of the year 2016, based on portfolio business as well as on new products." Elmos confirms its 2016 guidance and continues to expect an increase in sales from 2% to 6% compared to the previous year. The EBIT margin is expected to come to about 10%. The capex ratio is scheduled to be less than 12% of sales. Furthermore, Elmos will generate a positive adjusted free cash flow* once more. The forecast is based on an exchange rate of 1.10 USD/EUR. The complete half-year report is available in German and English at www.elmos.com. On August 3, 2016 at 11.30 a.m. (CEST), 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 key financials according to IFRS (in million Euro or percent unless otherwise indicated): Q2/16 Q2/15 Diff. HY1/16 HY1/15 Diff. Sales 55.0 54.3 1.2% 108.7 109.7 -0.9% Gross profit 23.3 23.4 -0.6% 43.0 45.8 -6.2% EBIT 4.8 4.1 15.2% 5.6 10.5 -46.8% EBIT margin 8.7% 7.6% 5.1% 9.5% Consolidated net income after 3.3 2.8 20.4% 3.7 7.1 -48.2% non-controlling interests Basic earnings per share 0.17 0.14 19.8% 0.19 0.36 -48.6% (Euro) * Cash flow from operating activities less capital expenditures for / plus disposal of intangible assets and property, plant and equipment; prior-year amount adjusted according to new definition Elmos Semiconductor AG is a developer and manufacturer of system solutions on semiconductor basis. For more than 30 years now, 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: 0231- 7549-111, [email protected], www.elmos.com --------------------------------------------------------------------------- 03.08.2016 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. Archive at 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, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 488663 03.08.2016