Elmos Semiconductor SE

Earnings Release • Nov 2, 2010

News Details

Ad-hoc | 2 November 2010 19:36

ELMOS Semiconductor AG: Quality of earnings improved substantially again

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

02.11.2010 19:36

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ELMOS Semiconductor AG (FSE: ELG) significantly increased sales and
earnings in the third quarter of 2010 compared to the previous year.

Sales gained 30.3% in comparison with the prior-year period to reach 46.3
million Euro (Q3 2009: 35.5 million Euro). The gross profit almost doubled
(Q3 2010: 22.4 million Euro vs. Q3 2009: 12.4 million Euro). The EBIT
climbed to 7.4 million Euro in the third quarter of 2010 (Q3 2009: 0.1
million Euro). Net income of 5.2 million Euro (Q3 2009: -0.3 million Euro)
was generated. Margins of the quarter under review are 16.0% for the EBIT
and 11.2% for net income. Earnings per share amount to 0.27 Euro as opposed
to losses per share of -0.02 Euro in the prior-year quarter.

ELMOS also achieved considerable improvements in profitability in
comparison with the previous quarter Q2 2010. The EBIT margin climbed from
10.2% to 16.0%, and the net profit margin went up from 5.7% to 11.2%.

For 2010 ELMOS keeps up its prediction of a sales increase of more than
40%. A clouding of the market of relevance to ELMOS is not apparent in the
short term. Due to the satisfying course of the year, ELMOS is raising the
EBIT forecast for the full year 2010 once again. Now a level of at least
10% is expected for the current fiscal year. The adjusted free cash flow
will be clearly positive.

In consideration of the first nine months, ELMOS generated sales of 136.1
million Euro (9M 2009: 83.3 million Euro). The gross profit has tripled in
comparison with the previous year, at 60.6 million Euro (9M 2009: 19.9
million Euro). Over the nine-month period, the EBIT climbed to 15.6 million
Euro, and the net income went up to 10.5 million Euro (9M 2009: -18.7
million Euro and -14.0 million Euro, respectively). The free cash flow
amounted to 5.7 million Euro (9M 2009: -2.0 million Euro), the adjusted
free cash flow (cash flow from operating activities less capital
expenditures for fixed assets) reached 11.4 million Euro (9M 2009: -3.6
million Euro).

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,
D-44227 Dortmund, Phone: +49 231-7549-0, Extension: -287, Fax: +49
231-7549-548, 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 Hamburg, München, Berlin, Düsseldorf, Stuttgart

End of Announcement DGAP News-Service

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