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Press release elmos Elmos : Positive business development in the second quarter 2021 Sales of 78.9 million Euro and EBIT margin of 15.9 % achieved in a challenging environment Dortmund , August 4 , 2021 : Elmos Semiconductor SE ( FSE : ELG ) succeeded in continuing its positive business development in the second quarter and posted a significant increase in sales and earnings as compared to the previous year , which was negatively impacted by the coronavirus crisis . Group sales totaled 78.9 million Euro in the period from April to June 2021 and were therefore 34.2 % higher year on year ( Q2 2020 : 58.8 million Euro ) . EBIT rose to 12.5 million Euro in the second quarter of 2021 ( Q2 2020 : 3.2 million Euro ) . The EBIT margin improved to 15.9 % compared to 5.4 % in the previous year . The second quarter thus was in line with the quarterly guidance ( sales of 79 ± 3 million Euro ; EBIT margin of 16 % ± 1.5 percentage points ) . Capital expenditures , which were primarily used to expand the testing capacity , amounted to 17.3 million Euro in the second quarter of 2021 ( 21.9 % of sales ) and had a significant effect on the adjusted free cash flow ( -3.4 million Euro ) . The investment program will be continued in the further course of the year . " The ongoing high demand for semiconductors in all industries worldwide continued to fuel the allocation situation along the entire value chain in the second quarter of 2021. Furthermore , material price increases and logistical challenges impact the business performance . According to today's knowledge , only limited global capacity expansion can be expected for 2022 , especially in 8 - inch wafer production . This might also result in growth - dampening bottlenecks , " says Dr. Arne Schneider CEO of Elmos Semiconductor SE . " In spite of these temporary effects on sales growth and earnings , Elmos will participate in the positive long - term development of the semiconductor market . " Elmos anticipates sales of 79 ± 5 million Euro in Q3 2021. The EBIT margin is expected at 15.5 % ± 2 percentage points . The guidance is based on an exchange rate of 1.20 EUR / USD . Due to the ongoing substantial uncertainties caused by the global allocation and the COVID - 19 pandemic , it is not yet possible to issue a detailed guidance for fully year 2021 at the present time . Overview of the financial figures Figures according to IFRS ( in million Euro or percent unless otherwise indicated ) : Q2 / 21 Q2 / 20 Diff . H1 / 21 H1 / 20 Diff . Sales 78.9 58.8 34.2 % 156.0 123.0 26.8 % Gross profit 34.1 24.7 38.2 % 66.7 52.7 26.4 % Gross margin in % 43.2 % 42.0 % 42.7 % 42.9 % Research and development 12.5 12.8 -2.3 % 24.8 24.9 -0.5 % Operating income 12.8 2.4 428.7 % 24.0 8.2 194.0 % EBIT 12.5 3.2 296.3 % 24.7 10.2 141.4 % EBIT margin in % 15.9 % 5.4 % 15.9 % 8.3 % Consolidated net income after non- 8.5 2.3 275.6 % 16.8 6.8 146.1 % controlling interests Basic earnings per share ( Euro ) 0.47 0.12 275.4 % 0.92 0.36 156.2 % Capital expenditures 17.3 3.3 420.2 % 23.0 9.2 151.1 % Capital expenditures in % 21.9 % Adjusted free cash flow -3.4 5.6 % -10.3 -67.3 % 14.7 % 19.0 7.4 % 3.1 512.8 % Definitions of selected financial indicators - Capital expenditures : Capital expenditures for intangible assets and property , plant and equipment less capitalized development expenses - Adjusted free cash flow : Cash flow from operating activities less capital expenditures for / plus disposal of intangible assets and property , plant and equipment ( including payments from disposals of consolidated companies ) - Further information on the key figures used can be found in the Annual Report 2020 at www.elmos.com 1/2