Brief: Elmos Semiconductor Says 2023 Guidance Exceeds Expectations

Elmos Semiconductor SE

14/02/2023 17:32

Feb 14 (Reuters) - Elmos Semiconductor SE  ELGG.DE :
    * GUIDANCE FOR FISCAL YEAR 2023 SIGNIFICANTLY EXCEEDS MARKET
EXPECTATIONS
    * ACCORDING TO PRELIMINARY, UNAUDITED FIGURES, GROUP SALES
ROSE TO
447.2 MILLION EURO (2021: 322.1 MILLION EURO) AND WERE THUS
125.2 MILLION EURO OR 38.9% ABOVE PREVIOUS YEAR
    * EXPECTS TO GENERATE SALES OF MORE THAN 560 MILLION EURO IN
FISCAL YEAR 2023 (AN INCREASE OF AT LEAST 25% YEAR ON YEAR) AND
AN EBIT MARGIN OF 25% ± 2 PERCENTAGE POINTS OF SALES.
    * GENERATED AN EBIT OF 110.1 MILLION EURO (2021: 60.0
MILLION
EURO) IN FY 22
    * EBIT MARGIN FOR FULL YEAR 2022 INCREASED TO 24.6% OF SALES
(2021: 18.6%)

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