Elmos Semiconductor AG publishes Annual Report: 'Fiscal year 2018: convincing as our products!'
Financial figures and guidance confirmed
Dortmund, March 14, 2019: The Annual Report for 2018 of Elmos Semiconductor AG (FSE: ELG) was released today. The preliminary financial figures and the guidance are confirmed. The document is available at www.elmos.com (here).
The Supervisory Board and the Management Board intend to propose to the Annual General Meeting on May 15, 2019, a dividend increase to 0.52 Euro per share (previous year: 0.40 Euro per share).
Based on the current economic environment, Elmos expects year-on-year growth in sales of 6% to 10%. The EBIT margin is expected to be between 13% and 17%. Investment should amount to <15% of sales. Elmos expects to achieve a positive adjusted free cash flow in 2019. This forecast is based on an exchange rate of 1.15 USD/EUR.
Overview of financials
The preliminary financial figures from mid-February 2019 have been confirmed. Figures according to IFRS (in millions of Euro/percent, unless indicated otherwise):
2018 2017 Diff. Q4/18 Q4/17 Diff. Sales 277.6 250.4 10.8% 75.6 68.5 10.3% Gross profit on sales 125.5 110.1 14.0% 37.2 32.8 13.5% Gross margin in % 45.2% 43.9% 49.2% 47.8% Research and development 36.0 33.8 6.7% 10.5 7.8 34.8% EBIT 51.0 38.4 32.8% 16.9 17.3 -2.0% EBIT margin in % 18.4% 15.3% 22.4% 25.2% Consolidated net income after non-controlling interests 35.4 24.9 42.1% 12.2 10.6 15.0% Basic earnings per share (Euro) 1.79 1.26 42.0% 0.62 0.54 14.4% Capital expenditures 41.4 37.2 11.1% 11.6 15.0 -22.7% Capital expenditures in % 14.9% 14.9% 15.4% 21.9% Adjusted free cash flow -3.3 -5.2 -36.2% -4.2 -4.4 -4.2%
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 2018 Annual Report for Elmos Semiconductor AG at www.elmos.com
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: email@example.com
14.03.2019 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.deLanguage: 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: firstname.lastname@example.org 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