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Elmos Semiconductor SE: Promising business development in the third quarter of 2021
DGAP-News: Elmos Semiconductor SE
/ Key word(s): Quarter Results
Quarterly sales of 80.8 million Euro mark new record level - EBIT margin at 16.8% Dortmund, November 4, 2021: Elmos Semiconductor SE (FSE: ELG) successfully continued its positive business development in the third quarter in a market environment that remains challenging due to the global semiconductor shortage. Group sales increased to a new record level of 80.8 million Euro in the reporting period and almost doubled compared to the prior-year quarter, which was significantly negatively affected by the coronavirus pandemic (Q3 2020: 40.9 million Euro). Third-quarter EBIT totaled 13.6 million Euro (Q3 2020: -10.5 million Euro) and increased slightly quarter on quarter in spite of the further rise in material prices and allocation-related effects (Q2 2021: 12.5 million Euro). The EBIT margin in the third quarter of 2021 improved to 16.8%. As a result, the third quarter ended slightly above the midpoint of the quarterly guidance (sales: 79 ± 5 million Euro; EBIT margin: 15.5% ± 2 percentage points). Capital expenditures, which once again focused on the expansion of testing operations, totaled 18.6 million Euro in the third quarter of 2021 (23.1% of sales). Despite the high level of investments, the adjusted free cash flow was positive at 2.7 million Euro. "We were able to continue our solid business development in the third quarter and performed well in an ongoing challenging market environment. Record sales of 80.8 million Euro and an EBIT margin of 16.8% are both encouraging figures," says Dr. Arne Schneider, CEO of Elmos Semiconductor SE. "The global wafer capacities remain tight, which is why we expect allocation to continue in 2022. This of course has an influence on our growth expectations for next year." Elmos anticipates full-year sales of 320 ± 5 million Euro in 2021. The full-year EBIT margin is expected at 17% ± 2 percentage points. The guidance remains subject to considerable uncertainty due to a number of factors, including global allocation and the COVID-19 pandemic. It is based on an exchange rate of 1.15 EUR/USD. Overview of the financial figures
Definitions of selected financial indicators Quarterly report Q3 2021 Contact About Elmos Notice
04.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1246110 |
End of News | DGAP News Service |
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1246110 04.11.2021