Elmos Semiconductor SE

Earnings Release • Aug 10, 2010

News Details

Corporate | 10 August 2010 21:50

ELMOS Semiconductor AG: Growth and earnings exceed expectations

ELMOS Semiconductor AG / Half Year Results/Forecast

10.08.2010 21:50

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Sales plus 88% in the 1st half-year 2010 - Full-year forecast raised

Dortmund, August 10, 2010: ELMOS Semiconductor AG (FSE: ELG) achieved
strong growth in the 1st half-year 2010 in sales and earnings. The positive
trend of the previous quarters has continued.

Sales gained 87.8% on the 1st half-year 2009 and came to 89.8 million Euro.
Due to increased utilization of production capacity, earnings are up
significantly as well. The gross profit climbed to 38.2 million Euro in the
first half-year 2010 (HY1 2009: 7.5 million Euro). The EBIT rose to 8.2
million Euro (HY1 2009: -18.8 million Euro), and the group's net income
amounted to 5.3 million Euro (HY1 2009: net loss of -13.7 million Euro) or
0.27 Euro per share (HY1 2009: loss of -0.70 Euro per share). The free cash
flow came to 7.0 million Euro (HY1 2009: -4.5 million Euro), the adjusted
free cash flow (cash flow from operating activities less capital
expenditures for fixed assets) reached 10.0 million Euro (HY1 2009: -5.2
million Euro).

Quarterly comparison with the prior-year period and the preceding quarter
also shows a strong sales growth and increased earnings. Sales of 46.4
million Euro in the second quarter of 2010 gained 84.1% on the prior-year
period of comparison (Q2 2009: 25.2 million Euro) and 7.1% on the previous
quarter (Q1 2010: 43.4 million Euro). Unlike the prior-year quarter, gains
were recorded for both EBIT and net income in the quarter under review. The
EBIT came to 4.7 million Euro or 10.2% of sales, the net income was 2.6
million Euro or 5.7% of sales.

'Due to the positive development in the first half-year 2010 and the
present order situation, we raise our forecast for the full year. The
growth dynamics apparent in the core business and in the new product
launches is very satisfying. For how long this trend will keep up at its
current pace cannot be predicted at present,' says Dr. Anton Mindl, CEO of
ELMOS Semiconductor AG.

For the full year 2010, ELMOS now expects an increase in sales of more than
40%. A high single-digit percentage is targeted for the EBIT margin. The
adjusted free cash flow for the current fiscal year will be clearly
positive.

The complete half-year report is available in English and German at
www.elmos.de. On August 11, 2010 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):

                        Q2/10  Q2/09  Diff.   HY1/10  HY1/09  Diff.

Sales 46.4 25.2 84.1% 89.8 47.8 87.8%
Gross profit 20.1 2.8 623.4% 38.2 7.5 412.4%
Operating income 4.4 -9.6 n/a 8.1 -18.1 n/a
EBIT 4.7 -9.9 n/a 8.2 -18.8 n/a
Net income/loss 2.6 -7.5 n/a 5.3 -13.7 n/a
Basic earnings per share 0.14 -0.39 n/a 0.27 -0.70 n/a
(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

10.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
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 Hamburg, München, Berlin, Düsseldorf, Stuttgart

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