Micronas Semiconductor Holding AG
Dynamic development of Micronas Group
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Key data for fourth quarter of 2003 and for year overall
Dynamic development of Micronas Group
The Micronas Group can look back on a successful year in 2003. Sales and
earnings improved further in the fourth quarter of 2003. For the year overall,
net sales and net profit reached record levels. The share capital increase
launched in December met with strong demand.
Compared with the previous quarter, the fourth quarter of 2003 brought an 8.0
percent increase in net sales to CHF 216.5 million, the operating profit (EBIT)
was up by 23.6 percent to CHF 42.4 million, while net income improved by 44.2
percent to CHF 31.0 million. The earnings per share, adjusted for amortization
of goodwill after tax for the fourth quarter amounted to CHF 1.19.
The 2003 business year overall saw consolidated net sales increased by 8.4
percent to CHF 766.7 million compared with the previous year; adjusted for
currency effects, this represents an increase of 4.4 percent. The Group’s
operating profit before depreciation and amortization of goodwill (EBITDA) was
CHF 251.5 million, a rise of 11.1 percent compared with a year ago. The
operating profit (EBIT) reached CHF 133.6 million, 14.4 percent higher than the
previous year; net profit increased by 43.2 percent to CHF 94.5 million. This
resulted in a net profit in percent of net sales of 12.3 percent. Earnings per
share, adjusted for amortization of goodwill after tax at year-end were CHF
4.04, compared with CHF 3.13 in 2002.
end of ad-hoc-announcement (c)DGAP 12.02.2004
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
In 2003, the spending in research and development amounted to CHF 95.0 million,
while capital expenditures totalled CHF 73.6 million.
With demand for semiconductor systems from Micronas showing a marked upsurge in
growth during 2003, the loading of available plant capacity increased to over
95 percent once more.
The capital increase carried out in December 2003 generated new capital
resources of CHF 230.1 million. The increased liquidity enabled us to make
early repayment of debts and secured the necessary flexibility for targeted
expansion of the existing product, market and technology portfolio. Against
this background, the Board of Directors is proposing to the General Meeting of
Shareholders on March 26, 2004, to forgo payment of a dividend.
The new year has started very well. With the continuing brisk demand for new,
high-end TV technologies, the 2004 business year should see the Micronas Group
achieve sales growth of up to 20 percent.
The Micronas Group is a leading independent supplier of innovative application-
specific semiconductor solutions for consumer and automotive electronics. Its
shares are listed on the SWX Swiss Exchange and on the Prime Standard segment
(TecDAX) in Frankfurt.
Zurich, February 12, 2004, Micronas Semiconductor Holding AG
For further information: Susy Krucker, Investor Relations
Phone +41 1 445 39 60, E-mail: investor@micronas.com
Detailed financial data for the 2003 business year can be accessed at
http://www.micronas.com
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WKN: 910 354 ; ISIN: CH0012337421; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; Zürich
120732 Feb 04
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