Positive business development in the second quarter of 2021

0

DGAP-News: Elmos Semiconductor SE / Keyword (s): Quarterly Results / Half-Year Report
04.08.2021 / 07:21
The issuer is solely responsible for the content of this advertisement.

Sales of 78.9 million euros and EBIT margin of 15.9% achieved in a difficult environment

Dortmund, August 4, 2021: Elmos Semiconductor SE (FSE: ELG) managed to continue its positive business development in the second quarter and recorded a significant increase in sales and profits compared to the previous year, which had been negatively impacted by the coronavirus crisis . Group sales totaled 78.9 million euros over the period from April to June 2021 and therefore increased by 34.2% year-on-year (Q2 2020: 58.8 million euros). EBIT reached 12.5 million euros in the second quarter of 2021 (Q2 2020: 3.2 million euros). The EBIT margin improved to 15.9% from 5.4% the previous year. The second quarter was therefore in line with the quarterly forecasts (turnover of 79 ± 3 million euros; EBIT margin of 16% ± 1.5 percentage point).

Capital expenditure, which was mainly used to expand test capacity, amounted to 17.3 million euros in the second quarter of 2021 (21.9% of sales) and had a significant effect on cash -adjusted free flow (-3.4 million euros). The investment program will continue during the year.

“The continued strong demand for semiconductors in all industries around the world continued to fuel the allocation situation along the value chain in the second quarter of 2021. In addition, material price increases and challenges logistics have an impact on business performance. An increase in capacity can be expected for 2022, especially in the production of 8-inch inserts. It could also lead to bottlenecks that constrain growth, ”said Dr. Arne Schneider, CEO of Elmos Semiconductor SE. “Despite these temporary effects on sales growth and profits, Elmos will participate in the long-term positive development of the semiconductor market.”

Elmos expects sales of 79 ± 5 million euros in the third quarter of 2021. The EBIT margin is expected at 15.5% ± 2 percentage points. The guidance is based on an exchange rate of 1.20 EUR / USD. Due to the continuing substantial uncertainties caused by the global allocation and the COVID-19 pandemic, it is not yet possible to release a detailed guidance for the whole of 2021 at present.

Financial figure overviews
Figures according to IFRS (in millions of euros or as a percentage unless otherwise indicated):

T2 / 21

T2 / 20

Diff.

H1 / 21

H1 / 20

Diff.

Sales

78.9

58.8

34.2%

156.0

123.0

26.8%

Gross profit

34.1

24.7

38.2%

66.7

52.7

26.4%

Gross margin in%

43.2%

42.0%

42.7%

42.9%

Research and development

12.5

12.8

-2.3%

24.8

24.9

-0.5%

Operating result

12.8

2.4

428.7%

24.0

8.2

194.0%

BAII

12.5

3.2

296.3%

24.7

10.2

141.4%

EBIT margin in%

15.9%

5.4%

15.9%

8.3%

Consolidated net income
after non-controlling interests

8.5

2.3

275.6%

16.8

6.8

146.1%

Basic earnings per share (Euro)

0.47

0.12

275.4%

0.92

0.36

156.2%

Capital expenditure

17.3

3.3

420.2%

23.0

9.2

151.1%

Capital expenditure in%

21.9%

5.6%

14.7%

7.4%

Adjusted free cash flow

-3.4

-10.3

-67.3%

19.0

3.1

512.8%

Definitions of selected financial indicators
– Capital expenditure: Capital expenditure for intangible and tangible fixed assets less capitalized development costs
– Adjusted free cash flow: Cash flow from operating activities less capital expenditure for / plus disposal of intangible and tangible fixed assets (including payments from disposals of consolidated companies)
– Further information on the key figures used is available in the 2020 annual report at www.elmos.com

Interim report H1 2021
Further information on the second quarter 2021 and the first half of 2021 of Elmos Semiconductor SE can be found in the interim report for the first half of 2021. This report is available at www.elmos.com. Elmos will host a conference call (in English) for analysts and investors on August 4, 2021 at 10:00 a.m. (CEST). The conference call will be available on the website at a later date.

Contact
Elmos Semiconductor SE
Ralf Hoppe, Head of Investor Relations and Public Relations
Phone: + 49-231-7549-7000
Email: [email protected]

About Elmos
Elmos develops, produces and markets semiconductors, mainly intended for the automotive industry. Our components communicate, measure, regulate and control the safety, comfort, motorization and network functions. For more than 30 years, Elmos innovations have been bringing new functions to life and making global mobility safer, more comfortable and more energy efficient. With our solutions, we are already the world leader in applications with high potential for the future, such as ultrasonic distance measurement, ambient light and intuitive HMI.

Opinion
This press release contains forward-looking statements based on assumptions and estimates made by the management of Elmos. Although we assume that the expectations underlying the forward-looking statements are realistic, we cannot guarantee that the expectations will prove to be correct. Assumptions may involve risks and uncertainties and, therefore, actual events may differ materially from forward-looking statements. Factors that may cause such differences include changes in general economic and business conditions, fluctuations in exchange rates and interest rates, the introduction of competing products, lack of acceptance of new products, and changes. of business strategy. Elmos does not intend or assume any obligation to update its statements regarding future events.

04.08.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archives on www.dgap.de


Source link

Share.

About Author

Comments are closed.