Elmos Semiconductor SE (EMOMF.PK) reported that its first-quarter consolidated net income after non-controlling interests increased to 24.6 million euros from 20.5 million euros in the previous year. Basic earnings per share were 1.44 euros up from 1.20 euros in the prior year.
EBIT increased to 33.8 million euros from 31.8 million euros in the prior year.
Group sales for the quarter were 136.8 million euros, representing growth of 4.5% year on year.
For the 2024 financial year, Elmos continues to expect sales of 605 million euros plus or minus 25 million euros and an operating EBIT margin of 25% plus or minus 2 percentage points of sales.
The anticipated operating EBIT margin does not include any effects from the closing of the sale of the Elmos wafer fab to Littelfuse Inc., USA, which is expected for the end of December 2024.
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