Brief: Elmos Semiconductor Confirms 2024 Guidance

Elmos Semiconductor SE

07/05/2024 06:45

May 7 (Reuters) - ELMOS SEMICONDUCTOR SE  ELGG.DE :
    * ELMOS: POSITIVE START INTO THE NEW FISCAL YEAR – GUIDANCE
FOR
2024 CONFIRMED
    * ELMOS SEMICONDUCTOR SE - CONTINUES TO EXPECT SALES OF 605
MILLION EURO ± 25 MILLION EURO AND AN OPERATING EBIT MARGIN OF
25% ± 2 PERCENTAGE POINTS OF SALES
    * ELMOS SEMICONDUCTOR SE - 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
    * ELMOS SEMICONDUCTOR SE - EXPECTS POSITIVE OPERATING
ADJUSTED
FREE CASH FLOW (EXCLUDING EFFECTS FROM CLOSING OF SALE OF ELMOS
WAFER FAB TO LITTELFUSE INC., USA) TO BE SIGNIFICANTLY HIGHER
THAN IN PRIOR YEAR (-24.3 MILLION EURO)
    * ELMOS SEMICONDUCTOR SE - GUIDANCE IS BASED ON AN EXCHANGE
RATE
OF 1.10 EUR/USD
    * ELMOS SEMICONDUCTOR SE - AT 20.3 MILLION EURO, OR 14.8% OF
Q1
SALES, CAPITAL EXPENDITURES WERE HIGHER AT START OF YEAR, AS
EXPECTED (Q1 2023: 15.2 MILLION EURO, OR 11.6% OF SALES)

Source text for Eikon:  ID:nEQ6GGlVGa 
Further company coverage:  ELGG.DE 

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