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DIALOG SEMICONDUCTOR REPORTS THIRD QUARTER RESULTS ENDED 26 SEPTEMBER 2014.Third quarter year on year revenue growth of 28% and increasing profitability
DGAP-News: Dialog Semiconductor Plc. / Key word(s): Quarter Results
DIALOG SEMICONDUCTOR REPORTS THIRD QUARTER RESULTS ENDED 26 SEPTEMBER
2014.Third quarter year on year revenue growth of 28% and increasing
profitability
29.10.2014 / 07:30
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London, UK, 29 October 2014 - Dialog Semiconductor plc (FWB: DLG), a
provider of highly integrated power management, AC/DC, solid state lighting
and Bluetooth(R) Smart wireless technology, today reports results for its
third quarter ending 26 September 2014.
Q3 2014 financial highlights
- IFRS Revenue up 28% over Q3 2013 at $281 million
- IFRS gross margin increased sequentially and year on year to 44.8%
- Underlying (*) EBITDA (**) at $60.8 million or 21.6% of revenue
- IFRS operating profit (EBIT) increased year on year to $41.9 million or
14.9% of revenue
- Underlying (*) basic and diluted EPS up 70% and 66% respectively over
Q3 2013. IFRS basic and diluted EPS up 680% and 660% respectively over
Q3 2013
- $29 million of cash generated from operations
Q3 2014 operational highlights
- Successfully delivered a steep ramp of new products to meet our
customers demand
- Design win momentum continued for Power Management smartphone and
tablet designs
- Design win success from our collaboration with MediaTek , powering
Lenovo and Meizu latest smartphones
- New design wins for our Bluetooth Smart SoC across multiple verticals
- Brought further innovation to the AC/DC market with new products in
Power Conversion
Commenting on the results Dialog Chief Executive, Dr Jalal Bagherli, said:
"I am delighted to report on a successful third quarter for Dialog which
has seen us match strong operational progress with further, tangible
improvements in profitability. We have successfully delivered the first
phase of the steep ramp of new products for our customers. Now the focus
turns to pushing ahead with completing that ramp in what will be a very
busy end of the year for us and our customers."
"We continue to be excited by the interest and activity in our Bluetooth
Smart product segment, look forward to making further progress here and
building momentum in our Asia strategy in the months ahead."
Outlook
In line with our expectation of a stronger second half of the year and
given our current visibility, we expect Q4 2014 revenue in the range of
$390 million to $430 million. This will result in a full year revenue range
London, UK, 29 October 2014 - Dialog Semiconductor plc (FWB: DLG), a
provider of highly integrated power management, AC/DC, solid state lighting
and Bluetooth(R) Smart wireless technology, today reports results for its
third quarter ending 26 September 2014.
Q3 2014 financial highlights
- IFRS Revenue up 28% over Q3 2013 at $281 million
- IFRS gross margin increased sequentially and year on year to 44.8%
- Underlying (*) EBITDA (**) at $60.8 million or 21.6% of revenue
- IFRS operating profit (EBIT) increased year on year to $41.9 million or
14.9% of revenue
- Underlying (*) basic and diluted EPS up 70% and 66% respectively over
Q3 2013. IFRS basic and diluted EPS up 680% and 660% respectively over
Q3 2013
- $29 million of cash generated from operations
Q3 2014 operational highlights
- Successfully delivered a steep ramp of new products to meet our
customers demand
- Design win momentum continued for Power Management smartphone and
tablet designs
- Design win success from our collaboration with MediaTek , powering
Lenovo and Meizu latest smartphones
- New design wins for our Bluetooth Smart SoC across multiple verticals
- Brought further innovation to the AC/DC market with new products in
Power Conversion
Commenting on the results Dialog Chief Executive, Dr Jalal Bagherli, said:
"I am delighted to report on a successful third quarter for Dialog which
has seen us match strong operational progress with further, tangible
improvements in profitability. We have successfully delivered the first
phase of the steep ramp of new products for our customers. Now the focus
turns to pushing ahead with completing that ramp in what will be a very
busy end of the year for us and our customers."
"We continue to be excited by the interest and activity in our Bluetooth
Smart product segment, look forward to making further progress here and
building momentum in our Asia strategy in the months ahead."
Outlook
In line with our expectation of a stronger second half of the year and
given our current visibility, we expect Q4 2014 revenue in the range of
$390 million to $430 million. This will result in a full year revenue range
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