Ad hoc: ELMOS Semiconductor AG: ELMOS: Negative one-time effect originating from its subsidiary SMI

Tuesday, 24. April 2007 20:50



In order to make use of market opportunities for Microsystems in a
better and more effective way in the future, ELMOS Semiconductor AG
has implemented recently a new board of management at its U.S.
subsidiary Silicon Microstructures Inc. (SMI) in Milpitas,
California. In the meantime the new management conducted a thorough
investigation and identified a need for restructuring and adjustments
for 2007.

This has implications also for the Dutch subsidiary ELMOS Advanced
Packaging B.V. (ELAP) in Nijmegen, Netherlands, because of a
significantly delayed production start of SMI products, which should
have been assembled in the Netherlands. As a consequence of that, the
actual headcount at ELAP will be reduced by 50 people.

The necessary expenses for restructuring and adjustments amount to
approximately 5.6 Mio Euro for the ELMOS group. Approximately 3.9 Mio
Euro of these one-time cost will impact the profit & loss statement
of the first quarter 2007, the remaining portion will result in an
increase of expenses for the rest of the current year.

The actual guidance for sales in 2007 remains unchanged. When the
above mentioned one-time effects would be neglected, the
margin-guidance for standard course of operations would remain
unchanged. Taken these extra cost into account will decrease the
margins by approximately 3 percent points.

Contact: ELMOS Semiconductor AG, Heinrich-Hertz-Str. 1, 44227
Dortmund, Phone: +49 (0) 231-7549-0, Direct: -287, Fax: +49 (0)
231-7549-548, eMail: info@elmos.de, www.elmos.de



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ELMOS Semiconductor AG
Heinrich-Hertz-Strasse 1 Dortmund
Deutschland

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Related Links: Elmos Semiconductor AG
Author:
Hugin
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