Elmos Semiconductor AG : Q3 warning factored into our estimates
>Q2 results very slightly ahead of forecasts. - Last Monday, Elmos published earlier than expected (mid-session) its Q2 2020 results . Sales came to € 58.8m, in line with the guidance range of € 55-60m and the consensus forecast of € 57.6m. This figure reflected a decline of 13.2%, strongly affected by COVID-19. The gross margin came to 42%, slightly above the consensus forecast of 41.8%. EBIT came to € 3.2m, i.e. an EBIT margin of 5.4%, beating the consensus forecast...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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