08.05.2018
Elmos Semiconductor AG DE0005677108
DGAP-News: Elmos Semiconductor AG: positive start to the year - guidance confirmed
DGAP-News: Elmos Semiconductor AG / Key word(s): Quarterly / Interim
Statement/Forecast
Elmos Semiconductor AG: positive start to the year - guidance confirmed
08.05.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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Q1 2018: Sales +4.5% / EBIT margin: 12.4%
Dortmund, Germany, May 8, 2018: Elmos Semiconductor AG (FSE: ELG) generated
sales growth of 4.5% year on year to 63.5 million Euro in the first quarter
of 2018. The EBIT margin rose to 12.4%, corresponding to an EBIT of 7.9
million Euro. Capital expenditures stood at 9.0 million Euro, or 14.2% of
sales, in the reporting period. Adjusted free cash flow amounted to -7.1
million Euro.
"The year began in line with our expectations. The order situation remains
good and puts us in a positive frame for the quarters ahead. Our products
are convincing on the market," says Dr. Anton Mindl, CEO of Elmos
Semiconductor AG.
Elmos confirms the guidance and anticipates sales growth of 8% to 12% for
2018. The EBIT margin is expected to be between 13% and 17%. As in the
previous year, capital expenditures should amount to less than 15% of sales.
Due to these investments for further growth, we expect negative adjusted
free cash flow in 2018. Continued good economic conditions are the
prerequisite for this guidance. The forecast is based on an exchange rate of
1.20 USD/EUR.
Overview of financials
Figures according to IFRS (in million Euro or percent unless otherwise
indicated):
Q1/1- Q1/1- Diff.
8 7
Sales 63.5 60.8 4.5%
Gross profit on sales 25.7 24.7 4.1%
Gross margin in % 40.5- 40.7-
% %
Research and development 7.8 9.7 -19.8-
%
EBIT 7.9 4.7 68.1%
EBIT margin in % 12.4- 7.7%
%
Consolidated net income after non-controlling 5.4 2.9 86.3%
interests
Basic earnings per share (Euro) 0.28 0.15 88.0%
Capital expenditure 9.0 7.1 26.5%
Capital expenditure in % 14.2- 11.8-
% %
Adjusted free cash flow -7.1 1.4 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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08.05.2018 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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683065 08.05.2018
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