Elmos Semiconductor AG : Feedback from road show - Confirmation of trends for the year
>Buy recommendation maintained after road show in Zurich - We organised a road show with Elmos’ CFO (Dr Arne Schneider) in Zurich. On this back of this event, we reiterate our Buy recommendation and target price of € 30. Despite the lack of operational leverage this year, due to temporary factors (notably the increase in wafer prices), Elmos stands apart from Melexis insofar as the group has confirmed its growth forecasts of 6%-10% for this year thanks to the ramping-...ELMOS Semiconductor is engaged in the development, manufacture and distribution of microelectronic components and system parts (application specific integrated circuits or, in short: ASICs) and technological devices with similar functions.Co. divides its activities into: medical technology, semiconductor, which is engaged in the sale of automotive electronics and supplying semiconductors e.g. for applications in household appliances, photo cameras, installation and building technology, and machine control systems; and micromechanics, which is engaged in the sales of product containing micro-electro-mechanical systems which are for the most part silicon-based high-precision pressure sensors.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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