UK markets open in 4 hours 17 minutes
  • NIKKEI 225

    28,785.02
    +774.09 (+2.76%)
     
  • HANG SENG

    28,482.48
    -6.52 (-0.02%)
     
  • CRUDE OIL

    73.64
    -0.02 (-0.03%)
     
  • GOLD FUTURES

    1,786.40
    +3.50 (+0.20%)
     
  • DOW

    33,876.97
    +586.89 (+1.76%)
     
  • BTC-GBP

    23,429.85
    -1,901.36 (-7.51%)
     
  • CMC Crypto 200

    784.78
    -65.56 (-7.71%)
     
  • ^IXIC

    14,141.48
    +111.10 (+0.79%)
     
  • ^FTAS

    4,026.96
    +24.89 (+0.62%)
     

Elmos Semiconductor SE: Annual General Meeting approves stable dividend of 0.52 Euro per share

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
  • Oops!
    Something went wrong.
    Please try again later.

DGAP-News: Elmos Semiconductor SE / Key word(s): AGM/EGM/Dividend
20.05.2021 / 15:10
The issuer is solely responsible for the content of this announcement.

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.

Contact
Elmos Semiconductor SE
Ralf Hoppe, Head of Investor Relations & Public Relations
Phone: +49-231‐7549‐7000
Email: invest@elmos.com

About Elmos
Elmos develops, produces and markets semiconductors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient. With our solutions we are already the worldwide #1 in applications with great future potential, such as ultrasonic distance measurement, ambient light and intuitive HMI.

Notice
This release contains forward-looking statements that are based on assumptions and estimates made by the Elmos management. Even though we assume the underlying expectations of the forward-looking statements to be realistic, we cannot guarantee the expectations will prove right. The assumptions may carry risks and uncertainties, and as a result actual events may differ materially from the forward-looking statements. Among the factors that could cause such differences are changes in general economic and business conditions, fluctuations of exchange rates and interest rates, the introduction of competing products, lack of acceptance of new products, and changes in business strategy. Elmos neither intends nor assumes any obligation to update its statements with respect to future events.


20.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Elmos Semiconductor SE

Heinrich-Hertz-Str. 1

44227 Dortmund

Germany

Phone:

+49 (0)231 7549-575

Fax:

+49 (0)231 7549-111

E-mail:

invest@elmos.com

Internet:

http://www.elmos.com

ISIN:

DE0005677108

WKN:

567710

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1199005


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting