Elmos Semiconductor SE

Earnings Release • May 10, 2011

News Details

Ad-hoc | 10 May 2011 19:20

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 19:20

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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.

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.

Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Telefon: 0231-7549-0, Direkt: -287, Fax: 0231-7549-548,
eMail: info@elmos.de, www.elmos.de

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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 Announcement DGAP News-Service

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