Brief: Elmos Semiconductor Sees FY 2022 Sales Growth At More Than EUR 370 Mln

Elmos Semiconductor SE

15/02/2022 13:10

Feb 15 (Reuters) - ELMOS SEMICONDUCTOR SE  ELGG.DE :
    * GUIDANCE FOR FISCAL YEAR 2022 EXCEEDS MARKET EXPECTATIONS
-
INCREASE OF THE MEDIUM-TERM EBIT MARGIN TARGET TO 20%
    * EXPECTS SALES GROWTH OF AT LEAST 15% TO MORE THAN 370
MILLION
EURO AND AN OPERATING EBIT MARGIN OF 20% ± 2 PERCENTAGE POINTS
OF SALES FOR FISCAL YEAR 2022
    * GUIDANCE FOR FISCAL YEAR 2022 AND NEW MEDIUM-TERM EBIT
MARGIN
TARGET ARE ABOVE MARKET EXPECTATIONS
    * ANTICIPATED OPERATING EBIT MARGIN FOR 2022 DOES NOT
INCLUDE ANY
EFFECTS FROM A POSSIBLE CLOSING OF SALE OF ELMOS WAFER FAB TO
SILEX MICROSYSTEMS AB
    * MEDIUM-TERM EBIT MARGIN TARGET WILL BE INCREASED FROM 17%
TO 20%
OF SALES
    * EXPECTS TO GENERATE A POSITIVE OPERATING ADJUSTED FREE
CASH FLOW
ABOVE PREVIOUS YEAR (11.1 MILLION EURO) IN FISCAL YEAR 2022

Source text for Eikon:  ID:nEQ7VprHqa 
Further company coverage:  ELGG.DE 

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