EQS-News: Elmos Semiconductor SE
/ Key word(s): Quarter Results/Half Year Report
EBIT margin reaches 25.3% in Q2 2024 – Full-year guidance for 2024 confirmed Dortmund, August 1, 2024: Elmos Semiconductor SE (FSE: ELG) continued its positive business performance in the second quarter of 2024 and generated Group sales of 142.0 million Euro, representing sales growth of 4.4% year on year (Q2 2023: 136.0 million Euro). EBIT rose to 35.9 million Euro in the second quarter of 2024 (Q2 2023: 34.1 million Euro), which corresponds to an EBIT margin of 25.3% compared to 25.1% in the same quarter of the previous year. As expected, capital expenditures fell in the second quarter of 2024 to 14.4 million Euro, or 10.1% of sales (Q2 2023: 42.4 million Euro). Adjusted free cash flow amounted to 1.7 million Euro (Q2 2023: -36.7 million Euro), in particular due to the development of working capital. “Elmos continued its robust business performance in the second quarter of the current year, despite a persistently challenging environment. This positive business development underscores the high potential of our innovative product portfolio and shows that our solutions are convincing on the market,” says Dr. Arne Schneider, CEO of Elmos Semiconductor SE. For the 2024 financial year, Elmos continues to expect sales of 605 million Euro ± 25 million Euro and an operating EBIT margin of 25% ± 2 percentage points of sales. The anticipated operating EBIT margin does not include any effects from the closing of the sale of the Elmos wafer fab to Littelfuse Inc., USA, which is expected for the end of December 2024. The company expects that capital expenditures for property, plant and equipment and intangible assets, less capitalized development costs, will amount to approximately 12% ± 2 percentage points of sales. For fiscal year 2024, Elmos expects positive operating adjusted free cash flow (excluding effects from the closing of the sale of the Elmos wafer fab to Littelfuse Inc., USA) to be significantly higher than in the prior year (-24.3 million Euro). The guidance is based on an exchange rate of 1.10 EUR/USD. Overview of the financial figures
Definitions of selected financial indicators Interim report H1 2024 Contact About Elmos Notice
01.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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 |
Indices: | SDAX, TecDax |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1958659 |
End of News | EQS News Service |
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1958659 01.08.2024 CET/CEST
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