14.03.2018
Elmos Semiconductor AG DE0005677108
DGAP-News: Elmos Semiconductor AG: annual report 2017 released
DGAP-News: Elmos Semiconductor AG / Key word(s): Final Results
Elmos Semiconductor AG: annual report 2017 released
14.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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Financial figures and guidance confirmed
Dortmund, Germany, March 14, 2018: The annual report for 2017 of Elmos
Semiconductor AG (FSE: ELG) was published today. In addition to the audited
consolidated financial statements, the report includes comprehensive
information about the fiscal year. This year's report focuses on presenting
information in higher density. The annual report 2017 is available at
www.elmos.com.
"The Company is set for growth and has the financial strength this requires.
Yet we know: Growth cannot be taken for granted but takes hard and dedicated
work," says Dr. Anton Mindl, Chairman of the Board of Management for Elmos
Semiconductor AG, in the Annual Report. "We develop new fields of
application and work on innovative updates of existing products at the same
time."
The Supervisory Board and Board of Management intend to propose a dividend
increase to 0.40 Euro per share at the Annual General Meeting on May 16,
2018, in Dortmund, Germany (previous year: 0.35 Euro per share).
Assuming a continued positive economic environment, Elmos expects
year-on-year sales growth of 8% to 12% in the current year. The EBIT margin
is expected to be between 13% and 17%. The company will continue to drive
forward measures for further growth in the current fiscal year. As in the
previous year, capital expenditures will amount to less than 15% of sales.
Due to investments for further growth, Elmos expects negative adjusted free
cash flow in 2018. The forecast is based on an exchange rate of 1.20
USD/EUR.
Overview of financials
The preliminary financial figures announced in mid-February 2018 are
confirmed. Figures according to IFRS (in million Euro or percent unless
otherwise indicated):
2017 2016 Dif- Q4/1- Q4/1- Diff.
f. 7 6
Sales 250.4 228.6 9.5- 68.5 63.5 7.9%
%
Gross profit on sales 110.1 96.8 13.- 32.8 29.4 11.3%
7%
Gross margin in % 43.9% 42.3% 47.8- 46.4-
% %
Research and development 33.8 36.0 -6.- 7.8 9.1 -14.5-
1% %
EBIT 38.4 23.1 66.- 17.3 11.2 53.6%
2%
EBIT margin in % 15.3% 10.1% 25.2- 17.7-
% %
Consolidated net income after 24.9 15.9 57.- 10.6 8.1 30.2%
non-controlling interests 1%
Basic earnings per share (Euro) 1.26 0.80 57.- 0.54 0.41 31.5%
4%
Capital expenditure 37.2 23.2 60.- 15.0 4.6 >100%
6%
Capital expenditure in % 14.9% 10.1% 21.9- 7.3%
%
Adjusted free cash flow -5.2 9.1 n.a- -4.4 8.4 n.a.
.
Definitions of select financial indicators
- Adjusted free cash flow: Cash flow from operating activities less capital
expenditures for/plus disposals of intangible assets and property, plant and
equipment
- Capital expenditure: Capital expenditures for intangible assets and
property, plant and equipment less capitalized development expenses
(prior-year figures adjusted in accordance with new definition)
- You will find further explanations of the indicators used in the 2017
Annual Report for Elmos Semiconductor AG at www.elmos.com
About Elmos Semiconductor AG
Elmos develops, produces and markets semiconductors and sensors, primarily
for use in the automotive industry. Our components communicate, measure,
regulate and control safety, comfort, powertrain and network functions. For
over 30 years, Elmos innovations have been bringing new functions to life
and making mobility worldwide safer, more comfortable and more energy
efficient.
Notice
This release contains forward-looking statements that are based on
assumptions and estimates made by the Elmos management. Even though we
assume the underlying expectations of the forward-looking statements to be
realistic, we cannot guarantee the expectations will prove right. The
assumptions may carry risks and uncertainties, and as a result actual events
may differ materially from the forward-looking statements. Among the factors
that could cause such differences are changes in general economic and
business conditions, fluctuations of exchange rates and interest rates, the
introduction of competing products, lack of acceptance of new products, and
changes in business strategy. Elmos neither intends nor assumes any
obligation to update its statements with respect to future events.
Contact:
Elmos Semiconductor AG
Thalea Willms, Head of Investor Relations, Fon: +49231‐7549‐273
Mathias Kukla, Press Relations, Fon: +49231‐7549‐199
Email: [email protected]
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14.03.2018 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
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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: [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
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663583 14.03.2018
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