Elmos Semiconductor SE : Q4 2023 results and FY 2024 outlook above expectations despite some inventory corrections
>Q4 20 23 results above consensus with continued q-o-q growth and solid margins - This morning, Elmos reported its FY 2023 preliminary results which were above expectations. According to preliminary figures, FY 2023 sales rose to € 575m (vs guidance of ‘more than €560m’), up 28.6% y-o-y, with an EBIT of € 151m, i.e. an operating margin of 26.2% (vs 24.6% in 2022 and guidance of 25% +/-2%). Operating adjusted FCF stood at -€ 24.9m (vs € 14.9m in 2022 and a guidance for...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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