DGAP-Ad-hoc: Dialog Semiconductor Plc. / Key word(s): Quarter Results
London, UK, 13 July 2018 - Dialog Semiconductor Plc (XETRA: DLG), expects higher than anticipated profitability in Q2 2018.
On 9 May 2018, Dialog indicated that it expected gross margin for Q2 2018 slightly above Q1 2018 (Q1 2018 gross margin: 46.3%; Q1 2018 underlying1 gross margin: 47.2%). The company now expects Q2 2018 gross margin of 48.0% and Q2 2018 underlying1 gross margin of 48.3%. The favourable movement was mostly driven by manufacturing cost efficiencies partially offset by product mix.
Additionally, in Q2 2018 the company expects operating profit of US$26 million and underlying1 operating profit of US$42 million.
Preliminary financial overview
The Company is currently finalising its Q2 2018 results for the quarter ended 29 June 2018 which will be published on 2 August 2018.
1. Underlying measures of performance quoted in this press release are non-IFRS measures. Our use of underlying measures is explained on pages 156 to 161 of our 2017 Annual Report and Accounts. Reconciliations of the underlying measures to the nearest equivalent IFRS measures will be presented in our Q2 2018 Interim report. The definitions of gross margin and operating margin can be found on page 35 of our 2017 Annual Report.
Director, Investor Relations
Information and Explanation of the Issuer to this News:
For further information please contact:
FTI Consulting London
FTI Consulting Frankfurt
About Dialog Semiconductor
Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment we operate in. Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organization. In 2017, it had approximately $1.35 billion in revenue. It currently has approximately 2,000 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a member of the German TecDax index. For more information, visit www.dialog-semiconductor.com.
Forward Looking Statements
|Company:||Dialog Semiconductor Plc.|
|Tower Bridge House, St. Katharine's Way|
|E1W 1AA London|
|Phone:||+49 7021 805-412|
|Fax:||+49 7021 805-200|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|
704641 13-Jul-2018 CET/CEST