DGAP-News: Elmos Semiconductor AG / Key word(s): Quarter Results Elmos Semiconductor AG: Elmos confirms 2016 forecast despite weak start into the year 03.05.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Q1 2016: Sales 53.7 million Euro - EBIT 0.8 million Euro Dortmund, May 3, 2016: Elmos Semiconductor AG (FSE: ELG) generated sales in the amount of 53.7 million Euro in the first quarter of 2016 (-2.9% compared to Q1 2015 / Q1 2015: 55.3 million Euro). EU sales (+4.8% to 30.1 million Euro) benefited primarily from shifts in shipping addresses from the U.S.A. Sales with Asia/Pacific remained solid (+1.3%) at 17.5 million Euro (Q1 2015: 17.3 million Euro). The gross profit reached 19.7 million Euro (Q1 2015: 22.4 million Euro), the gross margin accordingly came to 36.7% (Q1 2015: 40.5%). The reason for the decline in gross margin were temporary shortfalls in production efficiency particularly at the end of the quarter. Adequate countermeasures have been taken. Manufacturing output has been burdened by dynamic ramp-ups as well. The EBIT was impacted by exchange rate losses in the amount of 0.5 million Euro and dropped to 0.8 million Euro (EBIT margin Q1 2016: 1.5%) as compared to 6.3 million Euro in the prior-year quarter (EBIT margin Q1 2015: 11.5%) which profited from exchange rate gains in the amount of 2.9 million Euro. Consolidated net income was 0.3 million Euro (Q1 2015: 4.3 million Euro) or 0.6% of sales (Q1 2015: 7.8%). This equals basic earnings per share (EPS) of 0.02 Euro (Q1 2015: 0.22 Euro). The operating cash flow of the first quarter of 2016 showed the effect of the low earnings and reached 8.0 million Euro (Q1 2015: 12.6 million Euro). Capital expenditures for intangible assets and property, plant and equipment amounted to 8.6 million Euro or 16.0% of sales (Q1 2015: 6.1 million Euro or 11.1% of sales) so that the adjusted free cash flow* was slightly negative at -0.6 million Euro (Q1 2015: 7.4 million Euro). "Despite the weak result of the reporting quarter, we maintain our forecast for the full year. Increasing sales and the return to a higher production output will improve earnings significantly in the course of the year," says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. Elmos confirms its 2016 forecast and continues to expect an increase in sales of 2% to 6% in 2016 compared to the previous year. The EBIT margin is expected to come to round 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 interim report is available in English and German at www.elmos.com. On May 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): Q1/16 Q1/15 Diff. Sales 53.7 55.3 -2.9% Gross profit 19.7 22.4 -12.1% Operating income 0.7 3.2 -77.1% EBIT 0.8 6.3 -87.2% EBIT margin in % 1.5% 11.5% Consolidated net income 0.3 4.3 -92.3% after non-controlling interests Basic earnings per share (Euro) 0.02 0.22 * Cash flow from operating activities less capital expenditures for / plus disposal of intangible assets and property, plant and equipment; prior-year amount adjusted 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: +49 231-7549-111, [email protected], www.elmos.com --------------------------------------------------------------------------- 03.05.2016 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 --------------------------------------------------------------------------- 459861 03.05.2016