Elmos Semiconductor SE

Earnings Release • Aug 12, 2003

News Details

Ad-hoc | 12 August 2003 21:23

ELMOS Semiconductor AG english

ELMOS: Growth with new products Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– ELMOS: Growth with new products The quarterly result of the ELMOS Semiconductor AG (FSE: ELG) is characterized by increased sales figures and new products ramped-up into production: Sales in the second quarter reached mEUR 30.3 (Q2/02: mEUR 26.4), an increase of 15% versus the previous year, representing a new record. For the first half year 2003, the total sales are mEUR 59.6 (1HY/02: mEUR 52.0), which is a plus of 14% compared to last year. Gross margin of the second quarter grew to 50% of sales compared to 47% in the last year’s period, the gross profit achieved mEUR 15.2 (Q2/02: mEUR 12.3). Expenditures for research and development amount to mEUR 5.2 (Q2/02: mEUR 4.3). Marketing and selling expenses reach mEUR 1.7 (Q2/02: mEUR 1.5), general and administrative costs end up with mEUR 3.3 (Q2/02: mEUR 3.0) in the same period. Earnings before interest and taxes (EBIT) increase by 22% to mEUR 5.4 (Q2/02: mEUR 4.4) compared to the last year’s quarter. On the half year’s base, the EBIT reach mEUR 11.2 (1HY/02: mEUR 7.7), tally with a growth of approx. 46%. Net income of the second quarter ends up with mEUR 2.5 about 22% above the last year’s quarter (Q2/02: mEUR 2.0). In the second quarter, earnings per share achieve EUR 0.13 after EUR 0.11 in the last year. In the first half year the net income raise to mEUR 5.4 (1HY/02: mEUR 3.6): an increase of approx. 50%. Earnings per share grow to EUR 0.28 in the first half year 2003 (1HY/02: EUR 0.19). In the second quarter, incoming orders reached mEUR 33.6 (Q2/02: mEUR 28.0), the book-to-bill ratio is 1.11 for the group. These figures underline the future growth in the next quarters. The sales target of mEUR 125 for the full year 2003 is confirmed, however the weak US-dollar may have an exchange-rate based influence of mEUR 2-3. Contact: ELMOS Semiconductor AG; Heinrich-Hertz-Str. 1; D-44227 Dortmund Tel.: +49(0)231 75490; Fax: +49(0)231 7549548; invest@elmos.de; www.elmos.de end of ad-hoc-announcement (c)DGAP 12.08.2003 ——————————————————————————– WKN: 567710; ISIN: DE0005677108; Index: TecDAX, NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 122123 Aug 03