Report
Stephane Houri

Elmos Semiconductor AG : In 2020, the outperformance vs the auto market will not be as strong as in 2019

>2019 results are of good quality and came in close to expectations. - Yesterday, Elmos published its Q4 results and preliminary 2019 earnings earlier than expected (during trading). Sales came to € 75.7m (+0.1% y-o-y) in Q4 and to € 294.8m (+6.2% y-o-y) for the full year, beating the consensus forecast of € 292.8m. The full-year gross margin was 46.4%, in line with the consensus. Q4 2019 EBIT was € 1.1m and operational EBIT (which does not include the capital gain o...
Underlying
Elmos Semiconductor SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Houri

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