AI Terminal
Elmos Semiconductor SE
M&A Activity • Sep 28, 2017
137_rns_2017-09-28_69ab5762-3700-4cfe-8344-01ea4ff91410.html
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 28 September 2017 16:53
Elmos Semiconductor AG: Prolongation of cooperation and research contract with Fraunhofer-Institut Duisburg agreed
Elmos Semiconductor AG / Key word(s): Alliance/Agreement
Elmos Semiconductor AG: Prolongation of cooperation and research contract with Fraunhofer-Institut Duisburg agreed
28-Sep-2017 / 16:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Management Board of Elmos Semiconductor AG (FSE: ELG), Dortmund, has agreed on the prolongation of the existing cooperation and research contract with the Fraunhofer Institute for Microelectronic Circuits and Systems (IMS), Duisburg, for 18 months, starting in January 2018.
This is not expected to change the guidance 2017. Effects to following years will be included in the respective annual guidance. In general, a positive effect on EBIT and adjusted free cash flow* is expected.
* Cash flow from operating activities less capital expenditures for/plus disposal of intangible assets and property, plant and equipment
Please refer to the Annual Report 2016 of Elmos Semiconductor AG at www.elmos.com for more details on the key figures used.
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 Willms, Head of Investor Relations, Fon: +49231‐7549‐273
Mathias Kukla, Press Relations, Fon: +49231‐7549‐199
Email: [email protected]
28-Sep-2017 CET/CEST 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: | [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 Announcement | DGAP News Service |