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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 20, 2021: Elmos Semiconductor SE (FSE: ELG) held its virtual Annual General Meeting today. All items on the agenda were approved by a large majority. The Annual General Meeting approved a stable dividend of 0.52 Euro per share for fiscal year 2020. The dividend will be paid on May 26, 2021.
In Dr. Dirk Hoheisel and Dr. Volkmar Tanneberger, the Annual General Meeting elected two further outstanding personalities with many years of experience in the automotive industry to serve on the Elmos Semiconductor SE Supervisory Board alongside long-serving board members and company founders Dr. Klaus Weyer and Prof. Dr. Günter Zimmer.
As in 2020, the Annual General Meeting was held as a virtual event to protect the health of shareholders, employees, and the participating service providers. In total, over 76% of the share capital was represented.
In his speech, CEO Dr. Arne Schneider addressed among other topics, the unique challenges of the coronavirus crisis, which Elmos has managed consistently and well. He also once again highlighted the financial strength of the Company. As a manufacturer of innovative semiconductors for the automotive sector, Elmos plays a decisive role in shaping the future of mobility, allowing it to benefit from global megatrends in the long term.
In the first quarter of 2021, Group sales increased significantly by 20.1% to 77.1 million Euro, the highest quarterly sales to date in the Company's history. Thanks to high capacity utilization and positive costs effects, EBIT also rose to 12.2 million Euro. The EBIT margin improved to 15.8% compared to 11.0% in the previous year.
Elmos anticipates sales of 79 ± 3 million Euro in Q2 2021. The EBIT margin is expected at 16% of sales ± 1.5 percentage points.
20.05.2021 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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