Corporate | 10 May 2011 19:30
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ELMOS Semiconductor AG / Key word(s): Quarter Results
Earnings considerably improved – forecast affirmed Dortmund, May 10, 2011: ELMOS Semiconductor AG (FSE: ELG) increased sales in the first quarter of 2011 by 11.0% compared to the prior-year period to 48.1 million Euro (Q1 2010: 43.4 million Euro). The gross profit rose to 20.8 million Euro (Q1 2010: 18.1 million Euro). This equals a gross margin of 43.3% (Q1 2010: 41.7%). Research and development expenses were raised considerably as scheduled and came to 8.2 million Euro, in comparison to 7.1 million Euro in the prior-year period. Earnings before interest and taxes (EBIT) climbed disproportionately to sales by 67.9% to 5.8 million Euro (Q1 2010: 3.5 million Euro) and the net income also showed a strong increase, by 54.8% compared to the prior-year period, to reach 4.1 million Euro (Q1 2010: 2.6 million Euro), equivalent to earnings per share of 0.21 Euro (Q1 2010: 0.14 Euro). The cash flow had a positive development altogether as well. The operating cash flow amounted to 7.9 million Euro in the first quarter of 2011 (Q1 2010: 10.3 million Euro). The adjusted free cash flow (cash flow from operating activities plus investments in marketable securities less capital expenditures) reached 6.1 million Euro (Q1 2010: 8.2 million Euro). Prior-year figures include the special packaging business sold as of December 31, 2010. 'ELMOS has strengthened its position in Asia with new locations in growth markets. In addition, we managed to expand our development expertise with new design teams,' says Dr. Anton Mindl, CEO of ELMOS Semiconductor AG. The forecast of March 2011 is affirmed. No noteworthy effects of the catastrophe in Japan are foreseeable at present. Based on a stable economy, ELMOS continues to expect sales between 190 and 200 million Euro for 2011. The EBIT margin of 2011 will reach or slightly exceed the 2010 level. The complete 3-month report is available in English and German at www.elmos.de. On May 11, 2011 at 11.00 a.m. (CEST), 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 financial figures according to IFRS (in million Euro or percent unless otherwise indicated; financial figures of Q1 2010 include the results of the special packaging business sold as of December 31, 2010):
ELMOS Semiconductor AG is a developer and manufacturer of system solutions on semiconductor basis. For more than 25 years, our chips have made vehicles as well as industrial and consumer goods more performance and power efficient. Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1, 44227 Dortmund, Phone: 0231-7549-0, Extension: -287, Fax: 0231-7549-548, info@elmos.de, www.elmos.de End of Corporate News 10.05.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s 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 | ||
| Deutschland | ||
| Phone: | +49 (0)231 7549-575 | |
| Fax: | +49 (0)231 7549-548 | |
| E-mail: | invest@elmos.de | |
| Internet: | http://www.elmos.de | |
| ISIN: | DE0005677108 | |
| WKN: | 567710 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 123925 10.05.2011 |