Disclosure of an inside information acc. to Article 17 MAR

July 25, 2017 / 19:10 CEST

The Management Board of Elmos Semiconductor AG (FSE: ELG) has resolved a revised forecast for fiscal year 2017. A necessary adjustment of the capitalization of development expenses will likely positively impact the EBIT margin by approximately 2 percentage points in 2017. As a result, the forecast for the EBIT margin will be increased to more than 12% (previously: more than 10.1%). Elmos continues to expect sales growth for 2017 in the upper single-digit percentage range.

The company also plans a more significant expansion of the testing area to support further growth. It is therefore expected that capital expenditures for property, plant and equipment and intangible assets, less capitalized development expenses, will amount to less than 15% (previously: capital expenditures for property, plant and equipment and intangible assets of less than 12%). Working capital will be increased by means of inventory build-up to satisfy the market’s more demanding requirements regarding delivery times and raised delivery volumes. The adjusted free cash flow* is now expected to be negative as a result of the increase in capital expenditures and the inventory build-up (previously: positive adjusted free cash flow*). As before, the forecast is based on an exchange rate of 1.10 USD/EUR.

According to the preliminary, unaudited figures, sales rose by 8.2% year on year to 59.5 million Euro in the second quarter of 2017. EBIT increased to 6.2 million Euro to an EBIT margin of 10.4%. In the reporting period, capital expenditures amounted to 6.3 million Euro, or 10.6% of sales, and adjusted free cash flow* to -3.0 million Euro.

The interim report for the first half of 2017 will be published at www.elmos.com on August 2, 2017.

* 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, invest@elmos.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.

Notice

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.

Show cookie popup