Elmos: Positive closing of the third quarter of 2024 and confirmation of the sales and EBIT outlook for 2024 – Announcement of midterm financial targets 2030

EQS-News: Elmos Semiconductor SE / Key word(s): Quarter Results Elmos: Positive closing of the third quarter of 2024 and confirmation of the sales and EBIT outlook for 2024 – Announcement of midterm financial targets 2030 05.11.2024 / 11:13 CET/CEST The issuer is solely responsible for the content of this announcement. Elmos: Positive closing of the third quarter of 2024 and confirmation of the sales and EBIT outlook for 2024 – Announcement of midterm financial targets 2030

Sales growth of +3.4% to 156.6 million Euro in Q3 2024 with a 25.5% EBIT margin

Group sales of around 1 billion Euro with an EBIT margin of around 25% planned by 2030

Dortmund, November 5, 2024: Elmos Semiconductor SE (FSE: ELG) was able to achieve a positive business development again in the third quarter of 2024 and confirmed the sales and EBIT outlook for the full year 2024. Elmos plans to continue its successful trajectory in the future and has set ambitious targets for its medium-term development until 2030.

Successful third quarter and confirmation of the sales and EBIT outlook for the full year 2024

In the third quarter of 2024 Elmos achieved Group sales of 156.6 million Euro and therefore a sales growth of 3.4% year-on-year (Q3 2023: 151.5 million Euro). Compared to the previous quarter the sales growth was as high as 10.3% (Q2 2024: 142.0 million Euro). EBIT stood at 39.9 million Euro in the third quarter (Q3 2023: 41.6 million Euro). This corresponds to an ongoing high EBIT margin of 25.5% of sales (Q3 2023: 27.5%). Capital expenditures decreased to low 5.9 million Euro or 3.8% of sales in the third quarter of 2024 (Q3 2023: 34.0 million Euro). The adjusted free cash flow amounted to 45.5 million Euro mainly due to a strong operating cash flow and lower investments (Q3 2023: 33.9 million Euro).

“Elmos continued to develop positively in the third quarter, despite ongoing inventory adjustments by customers and increased uncertainties about the development of the automotive markets. We were able to continue our profitable growth path and, despite the somewhat less dynamic market development than in previous years, the anniversary year - Elmos turned 40 years old in 2024 - will once again be very successful for Elmos. The structural trend towards more intelligent electronics in modern vehicles remains stable and the growth opportunities for innovative and agile semiconductor companies like Elmos remain positive,” says Dr. Arne Schneider, CEO of Elmos Semiconductor SE.