Elmos Semiconductor AG, DE0005677108

Elmos Semiconductor AG, DE0005677108

07.11.2018 - 07:33:20

Elmos increases sales and profitability in Q3 2018

Sales +12.6% / EBIT margin: 20.2% ? EBIT margin guidance for 2018 increased

Dortmund, Germany, November 7, 2018: In the third quarter of 2018, Elmos Semiconductor AG (FSE: ELG) achieved sales growth of 12.6% to 69.4 million Euro, compared to the same period in the previous year. EBIT increased to 14.0 million Euro, which corresponds to an EBIT margin of 20.2%. That confirms the preliminary financial figures published by Elmos in an ad-hoc release on October 16, 2018.

Capital expenditures in the reporting quarter amounted to 9.3 million Euro, or 13.5% of sales. At 9.1 million Euro, the adjusted free cash flow in the reporting period was positive.

"We are satisfied with the year to date. Demand for both existing and new products from customers has been very pleasing, but also challenging. We will intensify the measures taken in recent months to further strengthen the organization and its capabilities. This will prepare the company for the next steps in its further development," says Dr. Anton Mindl, CEO of Elmos Semiconductor AG.

The EBIT margin guidance for the year 2018 has been raised with the presentation of the preliminary financial figures. An EBIT between 17% and 19% of sales is now expected (previously: between 13% and 17%). The other guidance metrics remain unchanged. Elmos therefore expects sales growth of 8% to 12% in the current financial year. Capital expenditures will amount to less than 15% of sales and negative adjusted free cash flow is expected. This guidance is based on an exchange rate of 1.20 USD/EUR.

Overview of financials

Figures according to IFRS (in million Euro or percent unless otherwise indicated):

  Q3/18 Q3/17 Diff. 9M/18 9M/17 Diff. Sales 69.4 61.6 12.6% 202.0 181.9 11.1% Gross profit on sales 32.6 27.5 18.5% 88.2 77.3 14.2% Gross margin in % 47.0% 44.7%   43.7% 42.5%   Research and development 9.2 7.5 23.3% 25.6 26.0 -1.7% Operating income 13.7 10.3 32.5% 32.4 21.6 49.9% EBIT 14.0 10.3 36.2% 34.1 21.2 61.2% EBIT margin in % 20.2% 16.7%   16.9% 11.6%   Consolidated net income after non-controlling interests 9.8 7.1 37.8% 23.3 14.3 62.2% Basic earnings per share (Euro) 0.50 0.36 37.0% 1.18 0.73 62.3% Capital expenditures 9.3 8.7 6.8% 29.7 22.2 33.9% Capital expenditures in % 13.5% 14.2%   14.7% 12.2%   Adjusted free cash flow 9.1 0.9 >100% 0.9 -0.7 na  

Definitions of selected financial indicators - Adjusted free cash flow: Cash flow from operating activities less capital expenditures for/plus disposals of intangible assets and property, plant and equipment - Capital expenditures: Capital expenditures for intangible assets and property, plant and equipment less capitalized development expenses - You will find further explanations of the indicators used in the 2017 Annual Report for Elmos Semiconductor AG at www.elmos.com

Quarterly statement Q3 2018 You will find more information on the third quarter of 2018 and the first nine months of 2018 for Elmos Semiconductor AG in the quarterly statement. The statement is available at www.elmos.com. Elmos will hold a teleconference (in English) for analysts and investors at 11:00 a.m. (CET) on November 7, 2018. The teleconference will be uploaded to the website later, where it can be accessed.

About Elmos Semiconductor AG Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.

Notice This release contains forward-looking statements that are based on assumptions and estimates made by the Elmos management. Even though we assume the underlying expectations of the forward-looking statements to be realistic, we cannot guarantee the expectations will prove right. The assumptions may carry risks and uncertainties, and as a result actual events may differ materially from the forward-looking statements. Among the factors that could cause such differences are changes in general economic and business conditions, fluctuations of exchange rates and interest rates, the introduction of competing products, lack of acceptance of new products, and changes in business strategy. Elmos neither intends nor assumes any obligation to update its statements with respect to future events.

Contact Elmos Semiconductor AG Thalea Blunk, Head of Investor Relations, Fon: +49231?7549?273 Mathias Kukla, Press Relations, Fon: +49231?7549?199 Email: invest@elmos.com

07.11.2018 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

Language: English Company: Elmos Semiconductor AG Heinrich-Hertz-Str. 1 44227 Dortmund

Germany Phone: +49 (0)231 7549-510 Fax: +49 (0)231 7549-111 E-mail: invest@elmos.com 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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