Elmos Semiconductor SE

Earnings Release • Nov 2, 2010

News Details

Corporate | 2 November 2010 19:40

ELMOS Semiconductor AG: Quality of earnings improved substantially again

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

02.11.2010 19:40

EBIT forecast raised for 2010

Dortmund, November 2, 2010: 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%.

'The substantial increases in efficiency over the last quarters now become
evident in considerably improved earnings. Due to this progress and the
satisfying course of the year, we are raising our EBIT forecast for the
full year 2010 once again,' says Dr. Anton Mindl, CEO of ELMOS
Semiconductor AG.

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. For the EBIT margin, a level of at least 10% is now 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).

The complete report for the quarter is available in English and German at
www.elmos.de. On November 3, 2010 at 11.00 a.m. (CET), 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):

                 Q3/10    Q3/09    Diff.    9M/10    9M/09    Diff.

Sales 46.3 35.5 30.3% 136.1 83.3 63.3%
Gross profit 22.4 12.4 79.9% 60.6 19.9 >100%
Operating income 7.6 0.3 >100% 15.7 -17.8 n/a
EBIT 7.4 0.1 >100% 15.6 -18.7 n/a
Net income/loss 5.2 -0.3 n/a 10.5 -14.0 n/a
Basic earnings per 0.27 -0.02 n/a 0.54 -0.72 n/a
share (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

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