20.04.2016
Elmos Semiconductor AG DE0005677108
DGAP-Adhoc: Elmos Semiconductor AG: Restrained start into the year - Guidance 2016 confirmed
Elmos Semiconductor AG / Key word(s): Quarter Results
20.04.2016 19:20
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Elmos Semiconductor AG (FSE: ELG) recorded a slight decline in sales in the
first quarter of 2016 compared to the prior-year period which was favored
by positive cutoff date effects. Sales in the amount of 53.7 million Euro
(-2.9% compared to prior-year period / Q1 2015: 55.3 million Euro) also
reflect the price discounts usually granted at the turn of the year.
The gross profit reached 19.7 million Euro (Q1 2015: 22.4 million Euro). It
was affected by a temporary efficiency deficit in production, especially at
the end of the quarter. Corresponding counter-measures have been launched.
The gross margin thus came to 36.7% (Q1 2015: 40.5%). Due to lower sales,
operating expenses in relation to sales increased slightly (Q1 2016: 35.3%
vs. Q1 2015: 34.8%). Operating income before other operating
expenses/income reached 0.7 million Euro in the reporting period (Q1 2015:
3.2 million Euro). The EBIT was burdened by exchange rate losses in the
amount of 0.5 million Euro and dropped to 0.8 million Euro as compared to
6.3 million Euro in the prior-year quarter which benefited from exchange
rate gains in the amount of 2.9 million Euro. The EBIT margin thus came to
1.5% in the first quarter of 2016 (Q1 2015: 11.5%).
Elmos confirms its guidance 2016 and expects a sales growth rate of 2% to
6% in 2016 compared to the previous year. The EBIT margin is anticipated at
around 10%. The capex ratio is scheduled to be less than 12% of sales.
Furthermore, Elmos will generate a positive adjusted free cash flow* once
again. The forecast is based on an exchange rate of 1.10 USD/EUR.
Elmos will release the complete quarterly report on May 3, 2016. On that
day a conference call for analysts and investors will be held in English at
11.30 a.m. (CEST). The conference call will later be downloadable from the
Company's website.
* Cash flow from operating activities less capital expenditures for
intangible assets and property, plant and equipment, less payments for
investments, plus disposal of investments
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
20.04.2016 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 Announcement DGAP News-Service
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