Elmos Semiconductor AG held its 20th Annual General Meeting today. The shareholders in attendance approved a dividend increase to 0.52 Euro per share (previously 0.40 Euro) by a great majority, with 99% of the shareholders agreeing to the proposal. The other proposals on the agenda were also approved by a large margin.
In his speech to shareholders, CEO Dr. Anton Mindl presented a selection of dynamically growing product segments at Elmos, as well as a video offering a look at the company’s headquarters in Dortmund. One of the highlights of the video was the test area, which was significantly expanded in late 2018. All told, more than 7,000 square meters of space are now available in Dortmund for producing and testing semiconductors.
In addition to presenting the most recent financial figures, Mindl also confirmed the guidance for the current year.
The dividend will be paid on May 20, 2019.
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.