Ad-hoc | 13 May 2003 23:45
ELMOS Semiconductor AG
english
ELMOS Q1: Increase in sales and profits 2003 confirmed
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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ELMOS Q1: Increase in sales and profits 2003 confirmed
ELMOS Semiconductor AG (FSE: ELG) increased total sales in the first quarter of
the year by 14% to mEUR 29.2 as compared to last year’s given period (Q1/02:
mEUR 25.6). Cost-cutting measures as well as an increased utilization of the
fabs lead to a rise of the gross profit by 27% to mEUR 15.1 (Q1/02: mEUR 11.9).
The gross margin achieved a value of 52% again.
Research and development expenditure came to roughly mEUR 4.9 (Q1/02: mEUR 4.7)
in the past quarter, equaling 17% of sales. Compared to last year’s first
quarter, marketing and selling costs rose to mEUR 1.6 (Q1/02: mEUR 1.3),
reflecting expenses for worldwide expansion. General administration costs
proportionately increased to mEUR 3.2 (Q1/02: mEUR 2.8), coming to 11% of sales
again.
The income before interest and taxes (EBIT) grew by 78% compared to the last
year, reaching mEUR 5.9 in the first quarter (Q1/02: mEUR 3.3). Accordingly, at
mEUR 3.0 the quarterly net income almost doubled in comparison to the previous
year (Q1/02: mEUR 1.6). As earnings per share (EPS), ELMOS states EUR 0.15 in
the first quarter.
The receipt of orders in the Group rose to mEUR 32.7 in the first quarter, a
growth by 40% in comparison to last year’s given period (Q1/02: mEUR 23.3). The
book-to-bill ratio for the Group was 1.12.
Contact:
ELMOS Semiconductor AG; Heinrich-Hertz-Str. 1; D-44227 Dortmund; Germany
Phone: +49 – 231-7549-0; Fax: +49 – 231-7549-548 ; invest@elmos.de; www.elmos.de
end of ad-hoc-announcement (c)DGAP 13.05.2003
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132345 Mai 03