Elmos Semiconductor SE

Earnings Release • Mar 16, 2011

News Details

Ad-hoc | 16 March 2011 22:49

ELMOS Semiconductor AG: Cash flow 2010 follows strong sales and earnings performance

ELMOS Semiconductor AG / Key word(s): Final Results/Forecast

16.03.2011 22:49

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ELMOS Semiconductor AG (FSE: ELG) improved all key figures considerably
over the past fiscal year 2010, as has been announced in February 2011
within the framework of preliminary figures. Sales were increased by 49.2%
to 184.7 million Euro in 2010. Compared to the previous year, the gross
profit more than doubled to 83.8 million Euro. Earnings before interest and
taxes (EBIT) reached an amount of 23.1 million Euro or an EBIT margin of
12.5% of sales in the year 2010. The net income amounted to 17.8 million
Euro, equivalent to basic earnings per share (EPS) of 0.92 Euro.
Supervisory Board and Management Board propose to the Annual General
Meeting of May 17, 2011 to pay a dividend of 0.20 Euro.

The adjusted free cash flow of 20.6 million Euro also turned out
satisfactory in its strength, the result of a significantly improved
operating performance combined with adequate capital expenditures. The cash
flow from operating activities was more than tripled in comparison with
2009 and amounted to 30.0 million Euro in 2010 (2009: 9.4 million Euro). In
2010 12.4 million Euro or 6.7% of sales were invested (2009: 7.4 million
Euro or 6.0% of sales).

The consequences of the recent disastrous developments in Japan are
currently not foreseeable and not reflected in the following forecast.
However, for ELMOS there are only marginal direct dependencies with respect
to supply and customer relationships with Japan; indirect effects are
currently not assessable. At a stable economy, ELMOS expects sales between
190 and 200 million Euro for 2011. This equals a growth rate between 6% and
12%, based on 2010 sales of 178.6 million Euro, adjusted by the sale of the
special packaging business. The 2011 EBIT margin will reach or slightly
exceed the level of 2010. The forecast takes into account cost increases
due to higher global market prices for materials and rising development and
distribution expenses, among other factors. Capital expenditures are
scheduled to come to less than 15% of sales. The free cash flow will be
positive. The forecast is based on an exchange rate of 1.30 U.S.
dollars/Euro.

The complete annual report for fiscal year 2010 is available at
www.elmos.de. On March 17, 2011 at 9.30 a.m. (CET), ELMOS will hold an
analysts' conference per webcast (in English). The conference will later be
downloadable from the website. At 11.30 a.m. (CET), the annual press
conference will be held in Dortmund.

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

16.03.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.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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