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ELMOS: Significant sales increase, break-even reached(Hugin (English) Via Acquire Media NewsEdge) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Market stimulation above expectations - satisfying order position Dortmund: ELMOS Semiconductor AG (FSE: ELG) increased sales of the 3rd quarter 2009 by 40.9% over the previous quarter and reached a positive EBIT. While sales of 35.5 million Euro are considerably below the prior-year level (Q3 2008: 42.6 million Euro), the significant recovery of business shows in the course of the year 2009 (Q1 2009: 22.6 million Euro / Q2 2009: 25.2 million Euro). The company generated a gross profit of 19.9 million Euro in the first nine months. This corresponds with a 65.8% reduction in comparison with the previous year (9M 2008: 58.1 million Euro); however, the improvement of the quality of results from the 2nd quarter 2009 to the 3rd quarter 2009 was disproportionately high. The gross profit gained 9.6 million Euro over this quarterly period of comparison to reach 12.4 million Euro (Q2 2009: 2.8 million Euro). In consequence, operating result and EBIT also improved in comparison with the previous quarter (operating result Q2 2009: -9.6 million Euro vs. Q3 2009: 0.3 million Euro / EBIT Q2 2009: -9.9 million Euro vs. Q3 2009: 0.1 million Euro). Thus a balanced EBIT was realized one quarter earlier than predicted in the half-year report. At -0.3 million Euro, the net result for the period turned out much better than in the previous quarter as well (Q2 2009: -7.5 million Euro). Both operating cash flow and free cash flow were positive in the 3rd quarter 2009 and amounted to 2.7 million Euro and 2.5 million Euro, respectively. Cash and cash equivalents were maintained at a high level (40.8 million Euro). "The satisfying sales of the quarter under review are accounted for by a volume of orders beyond expectations, partly on short notice, and our consistent capability to supply - particularly with regard to new starts of production", says Dr. Anton Mindl, CEO of ELMOS Semiconductor AG. "We are expecting this positive trend to keep up until the end of the year 2009." Based on nine months, ELMOS achieved sales of 83.3 million Euro (9M 2008: 133.5 million Euro), the EBIT came to -18.7 million Euro (9M 2008: 14.2 million Euro), and the net loss amounted to -14.0 million Euro (9M 2008: net income of 9.7 million Euro). The complete report on the 3rd quarter / nine-month report is available in German and English at www.elmos.de. On November 4, 2009 at 11:00 a.m. (CET), ELMOS will hold a conference call (in English) for analysts and investors. The conference call will later be downloadable from the company website. Overview of financial figures Q3/09 and 9M/09 according to IFRS: +----------------------------------------------------------------------------+ |in million Euro or |Q3 2009| Q3 |Diff. |Q2 2009|Diff |9M 2009|9M 2008|Diff. | |percent, unless | |2008| | | | | | | |otherwise indicated| | | | | | | | | |-------------------+-------+----+------+-------+-----+-------+-------+------| |Sales | 35.5 |42.6|-16.7%| 25.2 |40.9%| 83.3 | 133.5 |-37.6%| |-------------------+-------+----+------+-------+-----+-------+-------+------| |Gross profit | 12.4 |18.8|-33.9%| 2.8 | n/a | 19.9 | 58.1 |-65.8%| |-------------------+-------+----+------+-------+-----+-------+-------+------| |Operating result | 0.3 |4.3 | n/a | -9.6 | n/a | -17.8 | 14.1 | n/a | |-------------------+-------+----+------+-------+-----+-------+-------+------| |EBIT | 0.1 |5.2 | n/a | -9.9 | n/a | -18.7 | 14.2 | n/a | |-------------------+-------+----+------+-------+-----+-------+-------+------| |Net result for the | -0.3 |3.4 | n/a | -7.5 |94.5%| -14.0 | 9.7 | n/a | |period | | | | | | | | | |-------------------+-------+----+------+-------+-----+-------+-------+------| |Earnings per share | -0.02 |0.17| n/a | -0.39 |94.5%| -0.72 | 0.50 | n/a | |(Euro) | | | | | | | | | +----------------------------------------------------------------------------+ELMOS Semiconductor AG is a producer and developer of system solutions on semiconductor basis. For 25 years, roughly 90% of sales have been generated with chips for automotive electronics. ELMOS Semiconductor AG Mathias Kukla Heinrich-Hertz-Str. 1 44227 Dortmund Germany Phone +49 231-75 49-0 Extension -199 Fax +49 231-75 49-548 [email protected] www.elmos.de --- End of Message --- ELMOS Semiconductor AG Heinrich-Hertz-Strasse 1 Dortmund Deutschland WKN: 567710; ISIN: DE0005677108; Index: Prime All Share, CDAX, HDAX, MIDCAP, TECH All Share, GEX; Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Berlin, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Stuttgart, Freiverkehr in Bayerische Börse München, Regulierter Markt in Frankfurter Wertpapierbörse; Copyright © Hugin AS 2009. All rights reserved. |