October 16, 2018 / 16:15 CEST
Elmos Semiconductor AG (FSE: ELG) anticipates sales growth of 12.6% year on year to 69.4 million Euro in the third quarter of 2018, according to preliminary figures. The EBIT margin is expected to reach 20.2% of sales, which corresponds to an EBIT of 14.0 million Euro.
Due to the positive development, especially in Q3 2018 and current expectations for the remaining year, the 2018 annual guidance for the EBIT margin is now expected to be between 17% and 19% (previously: between 13% and 17%). All other figures of the guidance remain unchanged. Elmos expects sales growth of 8% to 12% for the current financial year. Capital expenditures should amount to less than 15% of sales, with a negative adjusted free cash flow expected. The forecast is based on an exchange rate of 1.20 USD/EUR.
All figures for the third quarter of 2018 are preliminary. Elmos will publish its full results on November 7, 2018.
Quarterly Statement Q3 2018
You will find more information on the third quarter of 2018 and the first nine months of 2018 for Elmos Semiconductor AG in the quarterly statement for the first nine months of the year 2018. This report will be available at www.elmos.com on November 7, 2018. Elmos will hold a conference call (in English) for analysts and investors at 11:00 a.m. (CET) on November 7, 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.
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 www.elmos.com
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.