Brief: Elmos Semiconductor Sees 2022 Group Sales At EUR 400 Mln

Elmos Semiconductor SE

03/05/2022 17:20

May 3 (Reuters) - ELMOS SEMICONDUCTOR SE  ELGG.DE :
    * RAISES GUIDANCE FOR FISCAL YEAR 2022
    * OUTLOOK 2022: COMPANY NOW EXPECTS GROUP SALES OF MORE THAN
400
MILLION EURO (OLD GUIDANCE: MORE THAN 370 MILLION EURO)
    * OUTLOOK 2022: AN OPERATING EBIT MARGIN OF 21% ± 2
PERCENTAGE
POINTS OF SALES (OLD GUIDANCE: 20% ± 2 PERCENTAGE POINTS)
    * OUTLOOK 2022: STILL EXPECTS TO GENERATE A POSITIVE
OPERATING
ADJUSTED FREE CASH FLOW ABOVE PREVIOUS YEAR (11.1 MILLION EURO)
    * GUIDANCE IS BASED ON AN EXCHANGE RATE OF 1.10 EUR/USD
    * Q1 GROUP SALES INCREASED BY 25%, OR 19.3 MILLION EURO, TO
96.4
MILLION EURO (Q1 2021: 77.1 MILLION EURO)
    * Q1 EBIT IMPROVED AS WELL IN Q1 TO 19.5 MILLION EURO (Q1
2021:
12.2 MILLION EURO)
    * Q1 EBIT MARGIN ROSE BY 4.4 PERCENTAGE POINTS COMPARED WITH
PRIOR-YEAR QUARTER TO 20.2% (Q1 2021: 15.8%)

Source text for Eikon:  ID:nEQ5fTBKYa 
Further company coverage:  ELGG.DE 

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