08.11.2016
Elmos Semiconductor AG DE0005677108
DGAP-News: Elmos Semiconductor AG: Positive business performance in the third quarter of 2016
DGAP-News: Elmos Semiconductor AG / Key word(s): 9-month figures
Elmos Semiconductor AG: Positive business performance in the third quarter
of 2016
08.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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Sales: +3.3%, EBIT margin: 11.2% - Guidance confirmed
Dortmund, November 8, 2016: In the third quarter of 2016 Elmos
Semiconductor AG (FSE: ELG) achieved a sales increase of 3.3% over the
prior-year period to 56.4 million Euro (Q3 2015: 54.6 million Euro).
Earnings also show a positive trend in the course of the year. The gross
profit went up to 24.4 million Euro or a gross margin of 43.2% (Q3 2015:
22.5 million Euro or 41.3%). Growth of the EBIT was disproportionately high
in relation to sales and came to 6.3 million Euro, equivalent to an EBIT
margin of 11.2% (Q3 2015: 7.1 million Euro; 12.9%). Consolidated net income
amounted to 4.1 million Euro for the third quarter of 2016 (Q3 2015: 4.7
million Euro) so that basic earnings per share were 0.21 Euro for the
quarter under review (Q3 2015: 0.24 Euro).
In the first nine months of 2016 sales grew slightly by 0.5% to 165.1
million Euro (9M 2015: 164.3 million Euro). The gross margin was 40.8%
compared to 41.6% in the prior-year period. EBIT reached 11.9 million Euro
or a margin of 7.2% (9M 2015: 17.5 million Euro or 10.7%). Consolidated net
income amounted to 7.7 million Euro as compared to 11.8 million Euro in the
first nine months of 2015. Accordingly basic earnings per share came to
0.39 Euro (9M 2015: 0.60 Euro).
The positive business performance is also reflected in the cash flow. The
operating cash flow was 12.0 million Euro in the third quarter of 2016 (Q3
2015: 15.6 million Euro). Capital expenditures for intangible assets and
property, plant and equipment went down significantly in the quarter under
review and came to 2.4 million Euro or 4.2% of sales (Q3 2015: 7.6 million
Euro or 14.0% of sales). The adjusted free cash flow* amounted to 9.8
million Euro (Q3 2015: 8.0 million Euro).
Based on the first nine months, the operating cash flow came to 20.2
million Euro (9M 2015: 31.9 million Euro), capital expenditures amounted to
19.6 million Euro or 11.8% of sales (9M 2015: 21.9 million Euro or 13.3%)
and the adjusted free cash flow reached 0.7 million Euro (9M 2015: 11.0
million Euro).
"The third quarter of 2016 was in line with our expectations. The customer
orders we have received indicate a strong final quarter," says Dr. Anton
Mindl, CEO of Elmos Semiconductor AG.
Elmos confirms its 2016 guidance and keeps expecting an increase in sales
from 2% to 6% compared to the previous year. The EBIT margin is expected to
be about 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.
The complete interim report is available in German and English at
www.elmos.com. On November 8, 2016 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):
Q3/16 Q3/15 Diff. 9M/16 9M/15 Diff.
Sales 56.4 54.6 3.3% 165.1 164.3 0.5%
Gross profit 24.4 22.5 8.2% 67.3 68.3 -1.5%
EBIT 6.3 7.1 -10.6% 11.9 17.5 -32.2%
EBIT margin 11.2% 12.9% 7.2% 10.7%
Consolidated net income 4.1 4.7 -13.3% 7.7 11.8 -34.3%
after non-controlling
interests
Basic earnings per 0.21 0.24 0.39 0.60
share (Euro)
* Cash flow from operating activities less capital expenditures for / plus
disposal of intangible assets and property, plant and equipment; prior-year
amount adjusted according 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, Thalea Willms, Heinrich-Hertz-Str. 1,
44227 Dortmund, Germany, phone: +49 231-7549-0, extension: -273, fax: 0231-
7549-111, [email protected], www.elmos.com
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08.11.2016 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.
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 7549-575
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, Tradegate Exchange
End of News DGAP News Service
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