ELMOS Semiconductor AG

ots Ad hoc-Service: ELMOS Semiconductor AG ELMOS 1999 - the most successful year in the history of the company

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    Dortmund (ots Ad hoc-Service) -  ELMOS 1999 - the most successful year in the history of the company

    During a balance press conference, the Dortmund company ELMOS Semiconductor AG presented its most successful financial year so far. At the general meeting in May, ELMOS will suggest payment of dividends of DM 0,90 per share according the "pay- out & take-back" principle.

    Turnover in 1999 was increased to 169,3 million from 139,3 million the year before. With the constant growth in turnover, the gross margin is also increased, reaching 50,4% of turnover in the last financial year. The aim for the year 2000 is a turnover of 200 million DM.

    In particular the growing internationalisation is responsible for this. In 1999 42% of turnover was achieved in the EU market, the highest turnover potential for ELMOS is still in the USA. The stable price situation for customer- and application specific integrated circuits (ASICs) as well as cost decreasing measures took considerable effect in 1999. As already defined in 1998 the trend toward cost decrease relative to the turnover was continued in 1999. The EBIT (result before interest and tax) was 45,5 million DM in 1999 following 17,7 million DM the previous year. This result is expected to be expanded to 58 million DM in the current financial year.

    ELMOS has thus proven itself to be independent of the conjuncture cycles of the semiconductor market and the automotive industry. The success of 1999 secures the turnover for well past the year 2005.

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