Elmos Semiconductor SE — Earnings Release 2015

Oct 27, 2015

News Details

Ad-hoc | 27 October 2015 21:53

Elmos Semiconductor AG: Adjustment of the forecast for 2015

Elmos Semiconductor AG / Key word(s): Change in Forecast

27.10.2015 21:53

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Elmos Semiconductor AG (FSE: ELG) now predicts sales to increase by roughly
4% in 2015 compared to the previous year (formerly: 5 to 9% sales growth)
as market conditions in recent days and weeks have become more difficult
and as the year-end therefore seems to turn out weaker than originally
expected. This is a result of a more cautious order behavior of several
customers, mainly due to the developments in China. For 2015 Elmos expects
an EBIT margin at around the previous year's level (2014: 10.8% / formerly:
slightly better than 10.8%).

Unchanged from the former forecast, a positive adjusted free cash flow* and
capital expenditures for intangible assets and property, plant and
equipment of less than 15% of sales are expected (both disregarding the
one-off effect from the prematurely terminated lease contract). This
forecast is based on an exchange rate of 1.10 USD/EUR.

According to preliminary figures, sales of the third quarter 2015 remained
almost unchanged at 54.6 million Euro compared to the prior-year quarter
(Q3 2014: 54.7 million Euro). Gross profit decreased to 22.5 million Euro
(Q3 2014: 25.0 million Euro), mainly affected by the strong U.S. dollar in
the reporting period. This corresponds to a gross margin of 41.3% (Q3 2014:
45.7%). In relation to sales, operating expenses went down to 32.6% (Q3
2014: 35.2%). EBIT increased disproportionately - also due to extraordinary
effects - by 16.5% to 7.1 million Euro (Q3 2014: 6.1 million Euro). Thus
the EBIT margin reached 12.9% in the third quarter of 2015 (Q3 2014:
11.1%). Consolidated net income gained 19.3% to reach 4.7 million Euro (Q3
2014: 3.9 million Euro), resulting in basic earnings per share of 0.24 Euro
for the quarter under review (Q3 2014: 0.20 Euro).

The complete interim report will be released on November 4, 2015. On the
same day, Elmos will hold a conference call at 11.30 a.m. (CET) in English
for analysts and investors.

Overview of preliminary figures according to IFRS (in million Euro or
percent unless otherwise indicated):

                      Q3/15 Q3/14  Diff.  9M/15 9M/14  Diff.

Sales 54.6 54.7 -0.2% 164.3 156.0 5.3%
Gross profit 22.5 25.0 -10.0% 68.3 67.1 1.8%
EBIT 7.1 6.1 16.5% 17.5 14.4 21.9%
EBIT margin 12.9% 11.1% 10.7% 9.2%
Consolidated net income
after non-controlling
interests 4.7 3.9 19.3% 11.8 12.0 -1.9%
Basic earnings
per share (Euro) 0.24 0.20 0.60 0.62

* Cash flow from operating activities less capital expenditures for
intangible assets and property, plant and equipment, less payments for
investments, plus disposal of investments

Contact: Elmos Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Germany; phone: +49 231-7549-0, extension: -287, fax: +49
231-7549-111, invest@elmos.com, www.elmos.com

27.10.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: Elmos Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-111
E-mail: invest@elmos.com
Internet: http://www.elmos.com
ISIN: DE0005677108
WKN: 567710
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

End of Announcement DGAP News-Service

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