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DGAP-News: Elmos Semiconductor SE / Key word(s): AGM/EGM/Dividend
Large majority for all items on the agenda
Dortmund, May 11, 2022: Elmos Semiconductor SE (FSE: ELG) held its virtual Annual General Meeting today. In total, over 81% of the share capital was represented. The shareholders adopted all of the items on the agenda by a large majority. The Annual General Meeting approved a 25% dividend increase to 0.65 Euro per share for fiscal year 2021. The dividend will be paid on May 16, 2022.
As in the past two years, the Annual General Meeting was held as a virtual event to protect the health of shareholders, employees, and the participating service providers.
In his presentation, Dr. Arne Schneider, the CEO of Elmos Semiconductor SE, outlined the main business and strategic achievements of a remarkably successful fiscal year 2021 and referred to the special challenges in connection with the ongoing coronavirus pandemic, global shortages, and the war in Ukraine. Dr. Schneider pointed out that Elmos’ excellent positioning, strong financial basis, and innovative products will allow it to continue to benefit sustainably from the structural growth of the semiconductor market, as well as from the increasing electrification of all vehicle systems and functions.
In the first quarter of 2022, Group sales grew significantly by 25% to 96.4 million Euro. Thanks to the high growth, EBIT at Elmos also increased to 19.5 million Euro. The EBIT margin improved to 20.2% compared to 15.8% in the previous year.
On May 3, 2022, Elmos raised its guidance for the full year due to the current order situation and the available wafer capacities. Elmos now expects Group sales of more than 400 million Euro and an operating EBIT margin of 21% ± 2 percentage points of sales for fiscal year 2022. The anticipated operating EBIT margin does not include any effects from a possible closing of the sale of the Elmos wafer fab to Silex Microsystems AB. The expansion of test capacities will be continued, with Elmos forecasting capital expenditures of around 17% ± 2 percentage points of sales. For fiscal year 2022, the company still expects to generate a positive operating adjusted free cash flow above the previous year (11.1 million Euro). The guidance is based on an exchange rate of 1.10 EUR/USD.
11.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Elmos Semiconductor SE
+49 (0)231 7549-575
+49 (0)231 7549-111
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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