Elmos Semiconductor SE Announces Enhanced Dividend and Achieves Financial Milestones in 2023 Annual Report

Elmos Semiconductor SE, a pivotal company in the semiconductor sector, disclosed its Annual Report for the fiscal year 2023 on March 14, 2024, confirming the preliminary financial figures and guidance released in mid-February. The report highlights a noteworthy business and earnings development, leading to a proposed dividend of 0.85 Euro per share to be considered at the Annual General Meeting on May 15, a 13.3% increase from the prior year.

Dr. Arne Schneider, CEO of Elmos Semiconductor SE, remarked on the fiscal year's success, emphasizing structural progress alongside financial achievements. The raised dividend proposal reflects the company's intent to share its prosperous performance with shareholders while ensuring financial flexibility for strategic growth.

The Annual Report also underscores Elmos's commitment to sustainability, detailing a 10% reduction in greenhouse gas emissions from its operations in 2023, aligning with its ambitious climate targets. Looking ahead, the company anticipates a sale of its wafer fab to Littelfuse Inc., USA, by year-end 2024, with an expected significant boost in operating adjusted free cash flow compared to the previous fiscal year.

Financial highlights from 2023 include a 28.6% increase in sales, a gross margin of 47.2%, and a consolidated net income growth of 38.9%. These results pave the way for Elmos’s future endeavors, including a sales target of 605 million Euro ± 25 million Euro and an operating EBIT margin of 25% ± 2 percentage points for the fiscal year 2024.