DGAP-Adhoc: Elmos Semiconductor AG: Positive sales performance over the course of the year 2013

Elmos Semiconductor AG / Key word(s): Half Year Results/Forecast

07.08.2013 18:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Elmos Semiconductor AG (FSE: ELG) had a positive development over the
course of the year 2013. Product ramp-ups and the succession of product
generations have contributed to a pleasing growth in sales in the second
quarter of 2013. Sales were up by 3.5% compared to the prior-year quarter
(Q2 2012: 45.5 million Euro) and by even 9.1% compared to the previous
quarter (Q1 2013: 43.1 million Euro), reaching 47.1 million Euro in the
quarter under review.

Sales generated in the first half-year 2013 were slightly below those of
the first half-year 2012 as expected, going down by 2.4% to 90.2 million
Euro (HY1 2012: 92.4 million Euro). The uncertain European economy
negatively affected sales primarily in the first quarter of 2013. The
Asia/Pacific share in sales, on the other hand, rose from 20.4% in the
first half-year 2012 to 23.4% in the half-year 2013 under review.

The gross profit reached 35.2 million Euro in the first half-year 2013, or
39.0% of sales (HY1 2012: 36.3 million Euro, or 39.2%). At 35.3 million
Euro, operating expenses remained almost unchanged (HY1 2012: 35.2 million
Euro). Earnings before interest and taxes (EBIT) for the first half-year
fell to 1.8 million Euro (HY1 2012: 4.4 million Euro), primarily on account
of the income from the revaluation of the old shares in MAZ in the amount
of 1.8 million Euro, included in the prior-year period's other operating
income. The consolidated net income reached 1.5 million Euro (HY1 2012: 3.6
million Euro). This equals basic earnings per share of 0.08 Euro (HY1 2012:
0.18 Euro).

At 5.2 million Euro, the cash flow from operating activities remained
roughly stable in the first half-year 2013 (HY1 2012: 5.0 million Euro).
The adjusted free cash flow (cash flow from operating activities less
capital expenditures for intangible assets and property, plant and
equipment, less payments for investments, plus disposal of investments)
came to -0.2 million Euro in the first half-year 2013 as opposed to -3.3
million Euro in the first half-year 2012.

Elmos confirms the forecast for the full year 2013. At essentially
unchanged general economic conditions, a sales increase in the mid
single-digit percentage range is anticipated. The EBIT margin will be above
the level of 2012 (6.3%). The adjusted free cash flow is expected to be
positive. Capital expenditures are budgeted to amount to no more than 15%
of sales.

Contact: Elmos Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1,
44227 Dortmund, Telephone: 0231-7549-0, Direct: -287, Fax: 0231-7549-548,
eMail: invest@elmos.com, www.elmos.com

---------------------------------------------------------------------------

Language: English
Company: Elmos Semiconductor AG
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Phone: +49 (0)231 7549-575
Fax: +49 (0)231 7549-548
E-mail: invest@elmos.com
Internet: http://www.elmos.com
ISIN: DE0005677108
WKN: 567710
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

---------------------------------------------------------------------------