DGAP-Adhoc: Elmos Semiconductor AG: growth forecast confirmed for 2nd quarter 2013 onwards

ELMOS Semiconductor AG / Key word(s): Interim Report/Forecast

07.05.2013 21:54

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

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The effects of the uncertain economic situation in Europe had their impact
on sales of Elmos Semiconductor AG (FSE: ELG) in the 1st quarter of 2013 as
expected. The trend that combines weak business with European automotive
customers and a pleasant development in Asia is currently determining sales
figures of carmakers and their suppliers throughout the industry. However,
the growth in Asia does not compensate for the decline of the business of
Elmos in Europe. Total sales went down 8.0% to 43.1 million Euro (Q1 2012:
46.9 million Euro). While sales generated with European customers dropped
by 12.1% to 27.9 million Euro, sales with Asian customers went up 12.2% to
9.8 million Euro.

The gross margin remained stable at 39.0% compared to the previous year (Q1
2012: 38.9%). The increase in research and development expenses in relation
to sales to 20.4% (Q1 2012: 18.7%) is accounted for by lower sales of the
reporting quarter for the most part. Distribution expenses were slightly up
by 3.3% to 4.6 million Euro due to increased activity in the Asian region
(Q1 2012: 4.5 million Euro). As a consequence of weaker sales, the EBIT
dropped to 0.3 million Euro (Q1 2012: 1.0 million Euro). The consolidated
net income amounted to 0.4 million Euro (Q1 2012: 0.6 million Euro). This
equals basic earnings per share (EPS) of 0.02 Euro (Q1 2012: 0.03 Euro).

The operating cash flow climbed from 0.5 million Euro in the prior-year
period to 5.2 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) also showed a positive performance, reaching 3.0 million
Euro in the first quarter of 2013 as compared to -2.8 million Euro in Q1
2012.

The ramp-up of various products is presently reflected in the current
year's order intake of Elmos. Therefore Elmos confirms the growth forecast
for the 2nd quarter 2013 onwards.

In 2013 Elmos anticipates a sales increase in the mid single-digit
percentage range based on essentially unchanged general economic
conditions. The EBIT margin will be above the 2012 level (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

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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

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