Earnings Release • Mar 20, 2014
Earnings Release
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Corporate | 20 March 2014 07:40
Elmos Semiconductor AG: 2013 targets achieved – Positive outlook for 2014
Elmos Semiconductor AG / Key word(s): Final Results/Forecast
20.03.2014 / 07:40
Adjusted free cash flow in 2013 at 7.6 million Euro
Dortmund, March 20, 2014: Sales of Elmos Semiconductor AG (FSE: ELG) for the full year 2013 increased by 5.0% to 189.1 million Euro (2012: 180.1 million Euro). The gross profit climbed to 79.2 million Euro (2012: 76.1 million Euro). This corresponds to a gross margin of 41.9% (2012: 42.2%). The EBIT was 12.7 million Euro in the full year 2013 and equaled an EBIT margin of 6.7% (2012: 11.5 million Euro and 6.4%). The consolidated net income also showed a positive performance and amounted to 9.4 million Euro in 2013 (2012: 8.1 million Euro). Basic earnings per share (EPS) climbed accordingly to 0.49 Euro after 0.42 Euro in the previous year.
In the past fiscal year 2013 Elmos achieved a positive adjusted free cash flow* of 7.6 million Euro (2012: 7.3 million Euro) despite a significant increase in net working capital due especially to the growth in sales toward the end of the year 2013. The solid financial position was thus further strengthened.
Based on the sustained positive performances of earnings and cash flow, Management Board and Supervisory Board propose to the Annual General Meeting on May 13, 2014 to distribute a dividend in the amount of 0.25 Euro per share again.
“2013 was not an easy year but we still managed to meet the forecast. For the current year we have set higher goals, considering the demand for our products and several project ramp-ups. The start of the year makes us feel optimistic,” says Dr. Anton Mindl, CEO of Elmos Semiconductor AG.
For 2014 Elmos expects a sales increase and an EBIT margin in the upper single-digit percentage range respectively. Capital expenditures for intangible assets and property, plant and equipment are scheduled not to exceed a maximum amount of 15% of sales in 2014. Management also assumes that Elmos will generate a positive adjusted free cash flow once again.
The current Annual Report for 2013 is available at www.elmos.com , where you also find the presentation and the webcast of the analysts’ conference.
Overview of selected financial figures according to IFRS (in million Euro or percent unless otherwise indicated):
| 2013 | 2012** | Diff. | Q4/13 | Q4/12** | Diff. | |
| Sales | 189.1 | 180.1 | 5.0% | 52.7 | 44.4 | 18.5% |
| Gross profit | 79.2 | 76.1 | 4.1% | 24.1 | 21.6 | 12.0% |
| Operating income | 10.3 | 7.6 | 35.9% | 6.7 | 5.1 | 31.0% |
| EBIT | 12.7 | 11.5 | 10.5% | 7.1 | 5.7 | 26.5% |
| Consolidated net income | 9.4 | 8.1 | 16.6% | 4.9 | 3.5 | 39.7% |
| Earnings per share in Euro (basic earnings) | 0.49 | 0.42 | 0.25 | 0.18 |
* Cash flow from operating activities less capital expenditures for intangible assets and property, plant and equipment, less payments for investments, plus disposal of investments
** Adjustment of prior-year amounts due to the amendment to IAS 19
Elmos Semiconductor AG is a developer and manufacturer of system solutions on semiconductor basis. For some 30 years now, our chips have made automobiles 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: +49 (0)231-7549-0, extension: -287, fax: +49 (0)231-7549-548, [email protected], www.elmos.com
End of Corporate News
20.03.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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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: | [email protected] |
| 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 News | DGAP News-Service |
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| 258434 20.03.2014 |
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