Elmos Semiconductor SE

Earnings Release • Feb 10, 2015

News Details

Ad-hoc | 10 February 2015 21:25

Elmos Semiconductor AG: Sales growth of 10.8% to 209.5 million Euro in 2014

Elmos Semiconductor AG / Key word(s): Forecast/Dividend

10.02.2015 21:25

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Elmos Semiconductor AG (FSE: ELG) has met its targets for sales and
earnings in the past financial year 2014, according to preliminary
unaudited financials. Sales for the full year 2014 increased considerably
by 10.8% to 209.5 million Euro (2013: 189.1 million Euro). Thus the 200
million Euro level was exceeded for the first time in the Company's
history. Gross profit of 91.4 million Euro was achieved, corresponding to a
gross margin of 43.6% (2013: 79.2 million Euro or 41.9%). The EBIT was
improved continuously in the course of the year. Considering the full year,
Elmos generated an EBIT in the amount of 22.6 million Euro, corresponding
to an EBIT margin of 10.8% (2013: 12.7 million Euro or 6.7%). Consolidated
net income amounted to 18.3 million Euro, equivalent to earnings per share
(EPS) of 0.94 Euro (2013: 9.4 million Euro or 0.49 Euro).

Due to the sustained positive performance in earnings and cash flows,
Supervisory Board and Management Board will propose to the Annual General
Meeting to be held in May 2015 a dividend payment increased by roughly one
third. After a dividend of 0.25 Euro per share for 2013, the dividend for
2014 is scheduled to amount to 0.33 Euro per share now.

Sales in Q4 2014 were similar to the sales levels reached for the previous
quarter as well as the prior-year quarter of comparison (Q4 2014: 53.5
million Euro, Q3 2014: 54.7 million Euro, Q4 2013: 52.7 million Euro). The
same applies for the gross margin (Q4 2014: 45.5%, Q3 2014: 45.7%, Q4 2013:
45.8%). In contrast to that, the EBIT for the final quarter of the year
2014 increased significantly, coming to 8.2 million Euro, corresponding to
an EBIT margin of 15.3% (Q3 2014: 11.1%, Q4 2013: 13.6%). This is accounted
for primarily by lower expenses compared to the preceding quarter. Elmos
achieved 6.3 million Euro in net income for the fourth quarter of 2014
after 4.9 million Euro in the prior-year quarter of comparison.

Elmos expects growth in the mid single-digit percentage range for the
current financial year 2015. We also assume that we will manage to expand
the strength of our operating performance despite a highly competitive
business environment and we therefore anticipate a slightly improved EBIT
margin in 2015 compared to 2014. Once more Elmos will spend less than 15%
of sales for capital expenditures and score a positive value in adjusted
free cash flow again.

Contact: Elmos Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Phone: 0231-7549-0, Direct: -287, Fax: 0231-7549-548,
eMail: invest@elmos.com, www.elmos.com

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Language: English
Company: Elmos Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-548
E-mail: invest@elmos.com
Internet: http://www.elmos.com
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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