DGAP-News: Elmos Semiconductor AG / Key word(s): 9-month figures Elmos Semiconductor AG: Solid business performance in the third quarter of 2015 04.11.2015 / 07:00 --------------------------------------------------------------------- Sales growth of roughly 4% expected for the full year Dortmund, November 4, 2015: Elmos Semiconductor AG (FSE: ELG) achieved a solid sales performance and an improved EBIT margin in the third quarter of 2015 and thus confirms the preliminary financials as released end of October. At 54.6 million Euro, the sales level is almost unchanged compared to the prior-year quarter (Q3 2014: 54.7 million Euro). Gross profit went down to 22.5 million Euro corresponding to a gross margin of 41.3%, affected particularly by the strong U.S. dollar in the reporting period (Q3 2014: 25.0 million Euro / 45.7%). Operating expenses dropped to 32.6% in relation to sales (Q3 2014: 35.2%). The EBIT increased disproportionately by 16.5% to 7.1 million Euro corresponding to an EBIT margin of 12.9% (Q3 2014: 6.1 million Euro / 11.1%), partly due to extraordinary effects from other operating income. Consolidated net income gained 19.3% to 4.7 million Euro (Q3 2014: 3.9 million Euro) so that basic earnings per share reached 0.24 Euro for the quarter under review (Q3 2014: 0.20 Euro). The operating cash flow amounted to 15.6 million Euro in the third quarter of 2015 (Q3 2014: 14.1 million Euro). Adjusted for the repurchase of land and building from prematurely terminated lease agreements, capital expenditures came to 7.6 million Euro in the third quarter (Q3 2014: 7.4 million Euro). The adjusted free cash flow* was 7.9 million Euro (Q3 2014: 6.8 million Euro). In the first nine months of 2015, sales grew by 5.3% to 164.3 million Euro (9M 2014: 156.0 million Euro). The gross margin went down slightly from 43.0% to 41.6%. The EBIT gained 21.9% to reach 17.5 million Euro (9M 2014: 14.4 million Euro). Consolidated net income was 11.8 million Euro compared to 12.0 million Euro in the first nine months of 2014, which were favored by a lower tax rate. Basic earnings per share came to 0.60 Euro (9M 2014: 0.62 Euro). "The market environment particularly in China has become more difficult over the past weeks. It is good news that the ramp-ups make a positive contribution to our business performance," says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. As announced end of October, Elmos expects growth in sales of roughly 4% for 2015 compared to the previous year. Elmos anticipates an EBIT margin at around the prior-year level for 2015 (2014: 10.8%). Management also expects a positive adjusted free cash flow* and capital expenditures of less than 15% of sales (both disregarding the one-off effect from prematurely terminated lease agreements). This 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 November 4, 2015 at 11.30 a.m. (CET), 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): 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 Elmos Semiconductor AG is a developer and manufacturer of system solutions on semiconductor basis. For about 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 --------------------------------------------------------------------- 04.11.2015 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 --------------------------------------------------------------------- 408091 04.11.2015