Elmos Semiconductor AG / Key word(s): Change in Forecast 27.10.2015 21:53 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. --------------------------------------------------------------------------- Elmos Semiconductor AG (FSE: ELG) now predicts sales to increase by roughly 4% in 2015 compared to the previous year (formerly: 5 to 9% sales growth) as market conditions in recent days and weeks have become more difficult and as the year-end therefore seems to turn out weaker than originally expected. This is a result of a more cautious order behavior of several customers, mainly due to the developments in China. For 2015 Elmos expects an EBIT margin at around the previous year's level (2014: 10.8% / formerly: slightly better than 10.8%). Unchanged from the former forecast, a positive adjusted free cash flow* and capital expenditures for intangible assets and property, plant and equipment of less than 15% of sales are expected (both disregarding the one-off effect from the prematurely terminated lease contract). This forecast is based on an exchange rate of 1.10 USD/EUR. According to preliminary figures, sales of the third quarter 2015 remained almost unchanged at 54.6 million Euro compared to the prior-year quarter (Q3 2014: 54.7 million Euro). Gross profit decreased to 22.5 million Euro (Q3 2014: 25.0 million Euro), mainly affected by the strong U.S. dollar in the reporting period. This corresponds to a gross margin of 41.3% (Q3 2014: 45.7%). In relation to sales, operating expenses went down to 32.6% (Q3 2014: 35.2%). EBIT increased disproportionately - also due to extraordinary effects - by 16.5% to 7.1 million Euro (Q3 2014: 6.1 million Euro). Thus the EBIT margin reached 12.9% in the third quarter of 2015 (Q3 2014: 11.1%). Consolidated net income gained 19.3% to reach 4.7 million Euro (Q3 2014: 3.9 million Euro), resulting in basic earnings per share of 0.24 Euro for the quarter under review (Q3 2014: 0.20 Euro). The complete interim report will be released on November 4, 2015. On the same day, Elmos will hold a conference call at 11.30 a.m. (CET) in English for analysts and investors. Overview of preliminary figures according to IFRS (in million Euro or percent unless otherwise indicated): Q3/15 Q3/14 Diff. 9M/15 9M/14 Diff. Sales 54.6 54.7 -0.2% 164.3 156.0 5.3% Gross profit 22.5 25.0 -10.0% 68.3 67.1 1.8% EBIT 7.1 6.1 16.5% 17.5 14.4 21.9% EBIT margin 12.9% 11.1% 10.7% 9.2% Consolidated net income after non-controlling interests 4.7 3.9 19.3% 11.8 12.0 -1.9% Basic earnings per share (Euro) 0.24 0.20 0.60 0.62 * 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 27.10.2015 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 Announcement DGAP News-Service ---------------------------------------------------------------------------