EQS-News

Elmos publishes 2023 Annual Report - Seite 2

In fiscal year 2024, Elmos expects to generate sales of 605 million Euro ± 25 million Euro and an operating EBIT margin of 25% ± 2 percentage points of sales. The anticipated operating EBIT margin does not include any effects from the closing of the sale of the Elmos wafer fab to Littelfuse Inc., USA, which is expected for the end of December 2024. The company expects that capital expenditures for property, plant and equipment and intangible assets, less capitalized development costs, will amount to approximately 12% ± 2 percentage points of sales. For fiscal year 2024, Elmos expects positive operating adjusted free cash flow (excluding effects from the closing of the sale of the Elmos wafer fab to Littelfuse Inc., USA) to be significantly higher than in the prior year (‑24.3 million Euro). The guidance is based on an exchange rate of 1.10 EUR/USD.

The Elmos 2023 Annual Report is available at www.elmos.com (here). With the publication of the Annual Report, the comprehensive information on sustainability at Elmos has also been updated and is available on our sustainability website (here).

Overview of the financial figures
The preliminary financial figures from mid-February 2024 are confirmed. Figures according to IFRS (in millions of Euro/percent, unless otherwise stated):

	2023	2022	Diff.	Q4/23	Q4/22	Diff.
Sales	575.0	447.2	28.6%	156.6	125.5	24.7%
Gross profit	271.3	207.5	30.7%	75.6	63.2	19.5%
Gross margin in %	47.2%	46.4%		48.3%	50.4%
Research and development	68.8	55.5	23.9%	17.8	15.4	15.3%
Operating Income	148.1	110.0	34.6%	44.1	35.0	25.8%
EBIT	150.7	110.1	36.8%	43.2	35.7	21.0%
EBIT margin in %	26.2%	24.6%		27.6%	28.4%
Consolidated net income