September 28, 2017 / 16:53 CEST
The Management Board of Elmos Semiconductor AG (FSE: ELG), Dortmund, has agreed on the prolongation of the existing cooperation and research contract with the Fraunhofer Institute for Microelectronic Circuits and Systems (IMS), Duisburg, for 18 months, starting in January 2018.
This is not expected to change the guidance 2017. Effects to following years will be included in the respective annual guidance. In general, a positive effect on EBIT and adjusted free cash flow* is expected.
* Cash flow from operating activities less capital expenditures for/plus disposal of intangible assets and property, plant and equipment
Please refer to the Annual Report 2016 of Elmos Semiconductor AG at www.elmos.com for more details on the key figures used.
Contact: Elmos Semiconductor AG, Thalea Willms, Head of Investor Relations, Heinrich-Hertz-Str. 1, 44227 Dortmund, Germany. Telephone: 0231-7549-0, Direct: -273, Fax: 0231-7549-111, email@example.com, www.elmos.com
About Elmos Semiconductor AG
Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.
This release contains forward-looking statements that are based on assumptions and estimates made by the Elmos management. Even though we assume the underlying expectations of the forward-looking statements to be realistic, we cannot guarantee the expectations will prove right. The assumptions may carry risks and uncertainties, and as a result actual events may differ materially from the forward-looking statements. Among the factors that could cause such differences are changes in general economic and business conditions, fluctuations of exchange rates and interest rates, the introduction of competing products, lack of acceptance of new products, and changes in business strategy. Elmos neither intends nor assumes any obligation to update its statements with respect to future events.