BRIEF

on ELMOS Semiconductor AG (isin : DE0005677108)

Elmos Semiconductor Sets 2030 Financial Goals Amid Growth

Stock price chart of ELMOS Semiconductor AG (EBR:ELG) showing fluctuations.

Elmos Semiconductor SE has set ambitious financial targets for 2030. Aiming for group sales nearing 1 billion Euro and an EBIT margin around 25%, the company is focused on harnessing growth within the automotive semiconductor sector. This plan aligns with Elmos' shift to a fabless model and increased global outreach.

The company plans to invest less than 10% of sales in capital assets and aims to boost adjusted free cash flow by optimizing expenses. Elmos' Q3 2024 results showed a sales increase to 156.6 million Euro, with an EBIT margin of 25.5%. Capital expenditures dropped to 3.8% of sales, showing strategic spending.

For the fiscal year 2024, Elmos anticipates sales within 605 million Euro ± 25 million Euro, maintaining an EBIT margin of 25% ± 2%. The financial outlook includes positive free cash flow aided by the sale of its wafer fab.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all ELMOS Semiconductor AG news