Elmos Semiconductor Sets 2030 Financial Goals Amid Growth

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.