Ad hoc: ELMOS Semiconductor AG: Solid growth for ELMOS

ELMOS Semiconductor AG (FSE: ELG) has confirmed the trend for growth in the past third quarter again. Compared to the prior-year quarter, sales increased by 9.8 percent to reach 45.5 million Euro (Q3/06: 41.4 million Euro). Sales of this year's first nine months gained 10.1 percent to reach 130.4 million Euro. Without consideration of the non-recurring expenses for restructuring two subsidiaries, the third quarter's gross profit rose to 20.0 million Euro or 43.9 percent of sales. The increase of both EBIT and net income was disproportionately high compared to sales. The EBIT gained 10.8 percent to reach 5.8 million Euro; this corresponds to a margin of 12.7 percent of sales. The net income was raised by 19.4 percent to reach 3.6 million Euro (net income margin of 8.0 percent). Restructuring expenses considered, the gross profit of the third quarter rose to 19.4 million Euro, a 4.2 percent increase. Unchanged in comparison to the prior-year period, the EBIT came to 5.2 million Euro. The net income amounted to 3.3 million Euro (plus 6.5 percent) in the third quarter. For the next year ELMOS anticipates growth rates above market average. ELMOS expects a sales increase between seven and nine percent. The EBIT margin is estimated to range between 12 and 14 percent. A positive free cash flow is another target. Part of the Dortmund manufacture will be converted from 150mm (six-inch) to 200mm (eight-inch) wafers in the year 2008. Despite this systematic modernization, the amount of capital expenditures in 2008 will be significantly lower than in the current year. Gross profit (57.2 million Euro), EBIT (14.6 million Euro), and net income (8.6 million Euro) of the first nine months of 2007 grew in comparison with the prior-year period. Considering the non-recurring expenses, ELMOS achieved a gross profit of 54.0 million Euro, an EBIT of 9.5 million Euro, and a net income of 5.4 million Euro. Contact: ELMOS Semiconductor AG, Janina Rosenbaum, Heinrich-Hertz-Str. 1, 44227 Dortmund, Telephone: 0231-7549-0, Direct: -287, Fax: 0231-7549-548, eMail:, --- End of Message --- ELMOS Semiconductor AG Heinrich-Hertz-Strasse 1 Dortmund Deutschland WKN: 567710; ISIN: DE0005677108; Index: Prime All Share, CDAX, HDAX, MIDCAP, TECH All Share, GEX; Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Berlin, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Börse Stuttgart, Geregelter Markt in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München;