Elmos Semiconductor Reports Positive Q3 2024 Results and Sets 2030 Targets

Elmos Semiconductor SE reported a successful third quarter for 2024, seeing a 3.4% sales growth compared to Q3 2023, reaching 156.6 million Euros. The EBIT margin stood at 25.5%, slightly down from the previous year's 27.5%. Despite customer inventory adjustments and market uncertainties, Elmos maintained its positive trajectory, supported by the stable demand for intelligent vehicle electronics.

For the entirety of 2024, Elmos anticipates sales to remain within the guideline of 605 million Euros ± 25 million. The EBIT margin is projected at 25% ± 2 percentage points. Reduced capital expenditure expectations reflect a shift towards higher capital efficiency and cash generation.

Looking towards 2030, Elmos aims for group sales of around 1 billion Euros, driven by its strong product portfolio and fabless model. The company plans to further optimize cash flow and invest less than 10% of sales in capital expenditures, enhancing its operational capacity amid structural automotive semiconductor market growth.