Elmos Semiconductor SE

Earnings Release • Feb 19, 2013

News Details

Ad-hoc | 19 February 2013 21:20

Elmos Semiconductor AG: Elmos provides continuity in dividends for 2012

ELMOS Semiconductor AG / Key word(s): Preliminary Results/Dividend

19.02.2013 21:20

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Sales of Elmos Semiconductor AG (FSE: ELG) were on the decline in the past
financial year, according to preliminary and unaudited figures, coming to
180.1 million Euro (2011: 194.3 million Euro). The pleasant growth achieved
in Asia (+6.0%) and the U.S.A. (+14.2%) could not entirely compensate the
continued weakness in Europe due to the higher portion of Elmos sales
generated in the European Union.

The gross profit went down to 76.1 million Euro (2011: 89.6 million Euro).
This is equivalent to a gross margin of 42.2% (2011: 46.1%). The cost
cutting program launched in April 2012 throughout the group has had
positive effects on earnings and compensated the effect of underutilization
caused by the lower sales level in part. The EBIT reached 11.4 million Euro
and equaled an EBIT margin of 6.3% (2011: 26.6 million Euro or 13.7%). The
consolidated net income was 8.0 million Euro (2011: 18.9 million Euro).
Basic earnings per share (EPS) dropped to 0.41 Euro compared to 0.98 Euro
in the previous year.

In line with the policy of aiming at continuity in dividends and because
the weaker financial development in 2012 is considered merely temporary,
Management Board and Supervisory Board will propose to the Annual General
Meeting on May 24, 2013 to pay a dividend of 0.25 Euro per share.

Even though 2013 rather had a slow start, Elmos is expecting considerable
stimulation of growth to begin in the second quarter of 2013. Elmos has the
right products for future growth and thus assumes a sales increase in the
mid single-digit percentage range in 2013. The EBIT margin will be above
the level of 2012 (6.3%). The adjusted free cash flow is expected to be
positive. Capital expenditures are scheduled not to exceed 15% of sales.

Contact: Elmos Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Telephone: 0231-7549-0, Direct: -287, Fax: 0231-7549-548,
eMail: info@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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