Elmos Semiconductor SE
Elmos Semiconductor AG: Further growth expected for 2015
Elmos Semiconductor AG / Key word(s): Final Results Adjusted free cash flow up to 9.5 million Euro in 2014 Dortmund, March 18, 2015: Sales of Elmos Semiconductor AG (FSE: ELG) for the full year went up 10.8% to 209.5 million Euro (2013: 189.1 million Euro). The EBIT was raised considerably by 77.9% to 22.6 million Euro (2013: 12.7 million Euro). The EBIT margin came to 10.8% accordingly (2013: 6.7%). Consolidated net income climbed to 18.3 million Euro, equivalent to earnings per share (EPS) of 0.94 Euro (2013: 9.4 million Euro and 0.49 Euro). In the past fiscal year 2014 Elmos achieved a positive adjusted free cash flow* in the amount of 9.5 million Euro (2013: 7.6 million Euro) despite significant capital expenditures. The net cash position was thus expanded from 39.3 million Euro as of December 31, 2013 to 47.0 million Euro as of December 31, 2014. Supervisory Board and Management Board propose to the Annual General Meeting on May 8, 2015 to increase the dividend by roughly one third in comparison with the last distribution. This equals a dividend proposal of 0.33 Euro per share (previous year: 0.25 Euro). Over the past year Elmos managed to win numerous new customers e.g. for sensor solutions, motor drivers, and LED control systems. The new customers come from European countries as well as from outside Europe. “Elmos operates in a market of high dynamics and competitiveness. I am convinced that we will achieve further market penetration in core applications,” says Dr. Anton Mindl, CEO of Elmos Semiconductor AG. “The rather weak European market will limit our growth opportunities in 2015.” For the current fiscal year 2015 Elmos expects a sales growth in the mid single-digit percentage range. We also assume that we will manage to further expand the operational strength despite the highly competitive environment and thus achieve a slightly better EBIT margin in 2015 compared to 2014. Once more, Elmos will spend less than 15% of sales on capital expenditures and achieve a positive adjusted free cash flow*. The forecast is based on an exchange rate of 1.20 USD/EUR. The current Annual Report for 2014 is available at www.elmos.com. The presentation and the webcast of the analysts’ conference can also be found there. Overview of selected financial figures according to IFRS (in million Euro or percent unless otherwise indicated):
* Cash flow from operating activities less capital expenditures for intangible assets and property, plant and equipment, less payments for investments, plus disposal of investments Elmos Semiconductor AG is a developer and manufacturer of system solutions on semiconductor basis. For more than 30 years, our chips have made vehicles as well as industrial and consumer goods more efficient in terms of energy consumption and performance. Contact: Elmos Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1, 44227 Dortmund, Germany, phone: +49 (0)231-7549-0, extension: -287, fax: +49 (0)231-7549-548, invest@elmos.com, www.elmos.com
2015-03-18 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Elmos Semiconductor AG | |
Heinrich-Hertz-Str. 1 | ||
44227 Dortmund | ||
Germany | ||
Phone: | +49 (0)231 7549-575 | |
Fax: | +49 (0)231 7549-548 | |
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 News | DGAP News-Service |
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