Dortmund, May 20, 2021: Elmos Semiconductor SE (FSE: ELG) held its virtual Annual General Meeting today. All items on the agenda were approved by a large majority. The Annual General Meeting approved a stable dividend of 0.52 Euro per share for fiscal year 2020. The dividend will be paid on May 26, 2021.
In Dr. Dirk Hoheisel and Dr. Volkmar Tanneberger, the Annual General Meeting elected two further outstanding personalities with many years of experience in the automotive industry to serve on the Elmos Semiconductor SE Supervisory Board alongside long-serving board members and company founders Dr. Klaus Weyer and Prof. Dr. Günter Zimmer.
As in 2020, the Annual General Meeting was held as a virtual event to protect the health of shareholders, employees, and the participating service providers. In total, over 76% of the share capital was represented.
In his speech, CEO Dr. Arne Schneider addressed among other topics, the unique challenges of the coronavirus crisis, which Elmos has managed consistently and well. He also once again highlighted the financial strength of the Company. As a manufacturer of innovative semiconductors for the automotive sector, Elmos plays a decisive role in shaping the future of mobility, allowing it to benefit from global megatrends in the long term.
In the first quarter of 2021, Group sales increased significantly by 20.1% to 77.1 million Euro, the highest quarterly sales to date in the Company’s history. Thanks to high capacity utilization and positive costs effects, EBIT also rose to 12.2 million Euro. The EBIT margin improved to 15.8% compared to 11.0% in the previous year.
Elmos anticipates sales of 79 ± 3 million Euro in Q2 2021. The EBIT margin is expected at 16% of sales ± 1.5 percentage points.
Elmos Semiconductor SE
Ralf Hoppe, Head of Investor Relations & Public Relations
Elmos develops, produces and markets semiconductors, 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. With our solutions we are already the worldwide #1 in applications with great future potential, such as ultrasonic distance measurement, ambient light and intuitive HMI.
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.