Micronas Semiconductor Holding AG
Micronas Semiconductor english
Recovery of new orders and sales revenues
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Key data for third quarter of 2003
Recovery of new orders and sales revenues
The Micronas Group can look back on a good performance in the third quarter of
2003. There was an unexpectedly rapid recovery in the run of business. Sales
and earnings were both up on the previous quarter. The same improvement is
apparent if the first nine months of 2003 and 2002 are compared.
In the reporting period, consolidated net sales reached CHF 200.4 million, a
rise of 26.4 percent on the previous quarter. Compared with the first nine
months of 2002, sales came in 5.3 percent higher at CHF 550.2 million; adjusted
for currency effects this represents a rise of 2.1 percent.
The outlook for the business year as a whole promises an increase in sales
compared with the previous year in the mid-single-digit percentage range. Net
profit in percent of net sales is likely to be in the higher single-digit
range.
end of ad-hoc-announcement (c)DGAP 15.10.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Both core business divisions contributed to this good performance. For the
Consumer division, the third quarter is traditionally a strong sales period as
the consumer market gears up for Christmas. In the current reporting period,
there were also signs of a revival in demand for consumer electronics products,
which had a positive impact on Micronas’s order situation.
The Automotive division also made pleasing progress in accordance with our
expectations, despite the fact that the international automotive market is yet
to turn the corner. The demand for Micronas dashboard controllers as well as
Hall sensors continues to be very buoyant.
The operating profit before depreciation and amortization of goodwill (EBITDA)
increased to CHF 63.8 million, 25.3 percent up on the previous quarter. In the
first nine months of the current year, the cumulative EBITDA amounted to CHF
178.0 million, representing growth of 10.0 percent over the comparable period
of 2002.
The operating profit (EBIT) rose 61.0 percent compared with the previous
quarter, attaining CHF 34.3 million in the third quarter of 2003. EBIT for the
first nine months of 2003 amounted to CHF 91.2 million, a rise of 14.4 percent
compared with the same period of 2002.
Net profit in the third quarter reached CHF 21.5 million, a 25.7 percent
improvement compared with the second quarter. The first nine months of the
current year generated a net profit of CHF 62.0 million. This was 43.9 percent
higher than in the comparable period of 2002. Earnings per share amounted to
CHF 2.30; adjusted for amortization of goodwill after tax, the figure was CHF
2.75.
The Micronas Group is a leading independent supplier of innovative application-
specific semiconductor solutions for multimedia, consumer and automotive
electronics. Its shares are listed on the SWX Swiss Exchange and on the Prime
Standard segment (TecDax) in Frankfurt.
Zurich, 15 October 2003, Micronas Semiconductor Holding AG
For further information, please contact: Susy Krucker, Investor Relations
Phone +41 1 445 39 60, E-mail: investor@micronas.com
Detailed financial data 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
150729 Okt 03
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