Elmos Semiconductor SE / Key word(s): Forecast
Public disclosure of insider information pursuant to Art. 17 MAR
Elmos Semiconductor SE (FSE: ELG) achieved sales of 40.9 million Euro in the third quarter of 2020 (Q3 2019 sales of continuing operations: 67.8 million Euro), finishing at the upper end of the guidance range of 37 to 41 million Euro. EBIT amounted to -10.5 million Euro in the reporting quarter (Q3 2019 EBIT of continuing operations: 9.7 million Euro). Capital expenditures remained at a low level of 3.7 million Euro or 9.1% of sales. Adjusted free cash flow was almost balanced at -0.5 million Euro.
In 2020 Elmos expects sales of between 227 and 233 million Euro. EBIT is expected to be between 6 and 9 million Euro. These figures are above market expectations. The guidance is based on an exchange rate of 1.15 EUR/USD.
Elmos sees significant recovery in its business with very strong sequential growth in the fourth quarter of 2020. The Management perceives a widespread recovery, however the strongest impetus is coming from Asia.
03-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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