Elmos Semiconductor Reports Continued Growth in Q2 2024

Elmos Semiconductor SE has announced its financial results for the second quarter of 2024, experiencing a 4.4% increase in sales compared to the same period in 2023. The company's Group sales reached 142.0 million Euro, up from 136.0 million Euro in Q2 2023. EBIT also saw growth, rising to 35.9 million Euro, resulting in an EBIT margin of 25.3%, slightly higher than the previous year's 25.1%.

Capital expenditures dropped to 14.4 million Euro, or 10.1% of sales, compared to 42.4 million Euro in Q2 2023. Adjusted free cash flow significantly improved, reaching 1.7 million Euro, up from -36.7 million Euro in the last year's second quarter.

Elmos CEO, Dr. Arne Schneider, attributed the robust performance to the high potential of the company's innovative product portfolio and resilient market position. The company maintains its full-year guidance for 2024, expecting sales between 580 to 630 million Euro and an operating EBIT margin of 25% ± 2 percentage points.