Sales +16.2% / EBIT margin: 17.7% – guidance confirmed

Dortmund, Germany, August 2, 2018: Elmos Semiconductor AG (FSE: ELG) generated sales growth of 16.2% year on year to 69.1 million Euro in the second quarter of 2018. EBIT nearly doubled to 12.2 million Euro, which corresponds to an EBIT margin of 17.7%. Capital expenditures stood at 11.4 million Euro, or 16.4% of sales, in the second quarter of 2018. Adjusted free cash flow amounted to -1.1 million Euro. Therefore, Elmos confirms the preliminary figures as stated in the ad hoc announcement on July 18, 2018.

“The second quarter of 2018 saw positive development. Our products meet the sweet spot in the market. We continue to push forward with the expansion of test capacity. This and the dynamic ramp-ups require considerable efforts. Thus we lay the ground for our growth,” says Dr. Anton Mindl, CEO of Elmos Semiconductor AG.

Elmos confirms the guidance and continues to anticipate sales growth of 8% to 12% for 2018. The EBIT margin is expected to be between 13% and 17%. Capital expenditures will amount to less than 15% of sales, and adjusted free cash flow is expected to be negative. Continued good economic conditions are the prerequisite for this guidance. The forecast is based on an exchange rate of 1.20 USD/EUR.

Overview of financials

Figures according to IFRS (in million Euro or percent unless otherwise indicated):

  Q2/18 Q2/17 Diff. H1/18 H1/17 Diff.
Sales 69.1 59.5 16.2% 132.6 120.3 10.3%
Gross profit 29.9 25.0 19.4% 55.6 49.7 11.8%
Gross margin in % 43.3% 42.1%   41.9% 41.4%  
Research and development 8.6 8.8 -2.9% 16.4 18.5 -11.7%
Operating income 11.1 6.6 66.7% 18.7 11.3 65.9%
EBIT 12.2 6.2 97.7% 20.1 10.9 84.9%
EBIT margin in % 17.7% 10.4%   15.1% 9.0%  
Consolidated net income after non-controlling interests 8.0 4.3 86.3% 13.4 7.2 86.3%
Basic earnings per share (Euro) 0.40 0.22 86.0% 0.68 0.36 87.0%
Capital expenditure 11.4 6.3 80.0% 20.4 13.5 51.6%
Capital expenditure in % 16.4% 10.6%   15.4% 11.2%  
Adjusted free cash flow -1.1 -3.0 -64.5% -8.2 -1.7 >100.0%

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
- You will find further explanations of the indicators used in the 2017 Annual Report for Elmos Semiconductor AG at

Interim report 2018
You will find more information on the second quarter of 2018 and the first half of 2018 for Elmos Semiconductor AG in the interim report for the first half of the year 2018. This report will be available at on August 2, 2018. Elmos will hold a conference call (in English) for analysts and investors at 11:00 (CEST) on August 2, 2018. The conference call will be uploaded to the website later, where it can be accessed.

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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