Financial figures and guidance confirmed

Dortmund, Germany, March 14, 2018: The annual report for 2017 of Elmos Semiconductor AG (FSE: ELG) was published today. In addition to the audited consolidated financial statements, the report includes comprehensive information about the fiscal year. This year’s report focuses on presenting information in higher density. The annual report 2017 is available at (here).

“The Company is set for growth and has the financial strength this requires. Yet we know: Growth cannot be taken for granted but takes hard and dedicated work,” says Dr. Anton Mindl, Chairman of the Board of Management for Elmos Semiconductor AG, in the Annual Report. “We develop new fields of application and work on innovative updates of existing products at the same time.”

The Supervisory Board and Board of Management intend to propose a dividend increase to 0.40 Euro per share at the Annual General Meeting on May 16, 2018, in Dortmund, Germany (previous year: 0.35 Euro per share).

Assuming a continued positive economic environment, Elmos expects year-on-year sales growth of 8% to 12% in the current year. The EBIT margin is expected to be between 13% and 17%. The company will continue to drive forward measures for further growth in the current fiscal year. As in the previous year, capital expenditures will amount to less than 15% of sales. Due to investments for further growth, Elmos expects negative adjusted free cash flow in 2018. The forecast is based on an exchange rate of 1.20 USD/EUR.

Overview of financials

The preliminary financial figures announced in mid-February 2018 are confirmed. Figures according to IFRS (in million Euro or percent unless otherwise indicated):

  2017 2016 Diff. Q4/17 Q4/16 Diff.
Sales 250.4 228.6 9.5% 68.5 63.5 7.9%
Gross profit on sales 110.1 96.8 13.7% 32.8 29.4 11.3%
Gross margin in % 43.9% 42.3%   47.8% 46.4%  
Research and development 33.8 36.0 −6.1% 7.8 9.1 −14.5%
EBIT 38.4 23.1 66.2% 17.3 11.2 53.6%
EBIT margin in % 15.3% 10.1%   25.2% 17.7%  
Consolidated net income after non-controlling interests 24.9 15.9 57.1% 10.6 8.1 30.2%
Basic earnings per share (Euro) 1.26 0.80 57.4% 0.54 0.41 31.5%
Capital expenditure 37.2 23.2 60.6% 15.0 4.6 >100%
Capital expenditure in % 14.9% 10.1%   21.9% 7.3%  
Adjusted free cash flow −5.2 9.1 n.a. −4.4 8.4 n.a.

Definitions of select financial indicators
- Adjusted free cash flow: Cash flow from operating activities less capital expenditures for/plus disposals of intangible assets and property, plant and equipment
- Capital expenditure: Capital expenditures for intangible assets and property, plant and equipment less capitalized development expenses (prior-year figures adjusted in accordance with new definition)
- You will find further explanations of the indicators used in the 2017 Annual Report for Elmos Semiconductor AG at

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.

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