Elmos Semiconductor SE

Earnings Release • Nov 6, 2012

News Details

Ad-hoc | 6 November 2012 21:36

ELMOS Semiconductor AG: ELMOS sales affected by weakness of passenger car market

ELMOS Semiconductor AG / Key word(s): Quarter Results/Interim Report

06.11.2012 21:36

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ELMOS Semiconductor AG (FSE: ELG) generated sales of 135.7 million Euro in
the first nine months of 2012. Compared to the prior-year period, this
equals a 6.6% decrease (9M 2011: 145.3 million Euro). Lower sales reflect
the continuing weakness of the automotive industry which has meanwhile
caught up with the premium manufacturers as well. The weakness of the
European auto industry shows in the group's regional distribution of sales.
While sales generated with customers in Europe went on a decline, Asia grew
over the first nine months of 2012 by 12.2% compared to the prior-year
period.

The gross margin for the nine-month period 2012 reached 40.2% (9M 2011:
45.6%). The cost cutting program launched in the spring 2012 showed
pronounced positive effects in the third quarter 2012; gross margin and
operating income margin increased quarter-on-quarter to 42.2% and 3.1%
respectively (Q2 2012: 39.6% and 0.8%). An EBIT of altogether 5.7 million
Euro was generated in the first nine months of 2012 (9M 2011: 19.1 million
Euro). The consolidated net income came to 4.5 million Euro, equivalent to
basic earnings per share of 0.23 Euro (9M 2011: 13.8 million Euro and 0.71
Euro respectively). The adjusted free cash flow was close to neutral on
nine-month basis (-0.1 million Euro; 9M 2011: 9.7 million Euro).

Because of product ramp-ups ELMOS expects a slight sales increase in Q4
2012 compared to the previous quarter. Due to the weak economic development
in the course of the year, emphasized particularly during the last few
weeks, ELMOS now anticipates sales slightly above 180 million Euro for the
full year 2012. The cost cutting program will be continued. An EBIT margin
of roughly 6% is expected for 2012. Capital expenditures are budgeted to
come to less than 15% of sales. The adjusted free cash flow will be
positive.

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

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