Elmos Semiconductor SE

Earnings Release • May 10, 2011

News Details

Corporate | 10 May 2011 19:30

ELMOS Semiconductor AG: Sales increase by 11.0% in the first quarter of 2011

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

10.05.2011 / 19:30

Earnings considerably improved – forecast affirmed

Dortmund, May 10, 2011: ELMOS Semiconductor AG (FSE: ELG) increased sales in the first quarter of 2011 by 11.0% compared to the prior-year period to 48.1 million Euro (Q1 2010: 43.4 million Euro). The gross profit rose to 20.8 million Euro (Q1 2010: 18.1 million Euro). This equals a gross margin of 43.3% (Q1 2010: 41.7%). Research and development expenses were raised considerably as scheduled and came to 8.2 million Euro, in comparison to 7.1 million Euro in the prior-year period. Earnings before interest and taxes (EBIT) climbed disproportionately to sales by 67.9% to 5.8 million Euro (Q1 2010: 3.5 million Euro) and the net income also showed a strong increase, by 54.8% compared to the prior-year period, to reach 4.1 million Euro (Q1 2010: 2.6 million Euro), equivalent to earnings per share of 0.21 Euro (Q1 2010: 0.14 Euro).

The cash flow had a positive development altogether as well. The operating cash flow amounted to 7.9 million Euro in the first quarter of 2011 (Q1 2010: 10.3 million Euro). The adjusted free cash flow (cash flow from operating activities plus investments in marketable securities less capital expenditures) reached 6.1 million Euro (Q1 2010: 8.2 million Euro). Prior-year figures include the special packaging business sold as of December 31, 2010.

'ELMOS has strengthened its position in Asia with new locations in growth markets. In addition, we managed to expand our development expertise with new design teams,' says Dr. Anton Mindl, CEO of ELMOS Semiconductor AG.

The forecast of March 2011 is affirmed. No noteworthy effects of the catastrophe in Japan are foreseeable at present. Based on a stable economy, ELMOS continues to expect sales between 190 and 200 million Euro for 2011. The EBIT margin of 2011 will reach or slightly exceed the 2010 level.

The complete 3-month report is available in English and German at www.elmos.de. On May 11, 2011 at 11.00 a.m. (CEST), ELMOS will hold a conference call (in English) for analysts and investors. The conference call will later be downloadable from the company's website.

Overview of financial figures according to IFRS (in million Euro or percent unless otherwise indicated; financial figures of Q1 2010 include the results of the special packaging business sold as of December 31, 2010):

	Q1/11	Q1/10	Diff.
Sales	48.1	43.4	11.0%
Gross profit	20.8	18.1	15.2%
Operating income	5.0	3.8	33.5%
EBIT	5.8	3.5	67.9%
Net income after non-controlling interests	4.1	2.6	54.8%
Earnings per share in Euro (basic)	0.21	0.14	55.8%

ELMOS Semiconductor AG is a developer and manufacturer of system solutions on semiconductor basis. For more than 25 years, our chips have made vehicles 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: 0231-7549-0, Extension: -287, Fax: 0231-7549-548, info@elmos.de, www.elmos.de

End of Corporate News

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Language:	English
Company:	ELMOS Semiconductor AG
	Heinrich-Hertz-Str. 1
	44227 Dortmund
	Deutschland
Phone:	+49 (0)231 7549-575
Fax:	+49 (0)231 7549-548
E-mail:	invest@elmos.de
Internet:	http://www.elmos.de
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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