ELMOS Semiconductor AG (ELG.DE) reported earnings for its second quarter that Increases, from last year
The company's earnings came in at EUR27.6 million, or EUR1.61 per share. This compares with EUR24.3 million, or EUR1.42 per share, last year.
The company's revenue for the period rose 2.6% to EUR145.7 million from EUR142 million last year.
ELMOS Semiconductor AG earnings at a glance (GAAP) :
-Earnings: EUR27.6 Mln. vs. EUR24.3 Mln. last year.-EPS: EUR1.61 vs. EUR1.42 last year.-Revenue: EUR145.7 Mln vs. EUR142 Mln last year.
Arne Schneider, CEO of Elmos Semiconductor, said: “Thanks to our innovative product portfolio, we achieved significant double-digit growth in the second quarter. Our customers are increasingly returning to normal order levels and inventory adjustments are noticeably decreasing. Nevertheless, visibility remains low and the economic and geopolitical environment remains volatile. Earnings and cash flow in the second quarter were particularly influenced by the complex transformation to SAP S/4HANA. In addition, we are working with a strong focus to expand our local presence in China.”
Looking ahead, for fiscal 2025, Elmos still expects sales of EUR 580 million EUR ± 30 million.
For fiscal 2024, the firm had posted sales of EUR 581.1 million.
For fiscal 2025, the company still expects EBIT margin of 23% ± 3 percentage points of sales, with the lower half of the guidance range currently appearing more likely, particularly due to one-time effects.
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