Elmos Semiconductor SE : CMD unsurprising but it re-highlights the group’s solid outlook
>Solid CMD – Neutral rating and € 75 target price maintained - Elmos organised a CMD yesterday. While the event was largely unsurprising after the group set out its 2030 guidance last week (~€ 1bn of revenues, operating margin of ~25%, Capex/Revenues <10%), it was also an opportunity for it to explain the assumptions behind the 2030 target and to provide more clarity on the group’s product portfolio and strategy. Key takeaways: 1/ Elmos’ growth is set to be driven mai...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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