Micronas Semiconductor Holding AG
Micronas Semiconductor english
Key data for the first quarter of 2003 – Micronas: Encouraging first quarter
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Key data for the first quarter of 2003
Micronas: Encouraging first quarter
In the first three months of the current business year, the Micronas Group was
able to build on the good results achieved in 2002. In the reporting period,
consolidated net sales were up compared with the fourth quarter of 2002 by
3.4 percent to CHF 191.1 million; this represented a rise of 18.7 percent over
the comparable quarter of 2002.
The operating profit before depreciation and amortization of goodwill (EBITDA)
amounted to CHF 63.3 million in the reporting period. Compared with the same
quarter a year ago, this is equivalent to an increase of CHF 16.5 million or
35.3 percent; while compared with the fourth quarter of 2002, it represents a
decrease of 1.9 percent. The operating profit (EBIT) reached CHF 35.6 million,
CHF 15.5 million or 77.1 percent up on the first quarter of 2002 and 3.8
percent lower than the fourth quarter of 2002.
The net profit for the first three months of 2003 reached CHF 23.5 million.
This surpassed the result in the fourth quarter of 2002 by 2.2 percent and was
CHF 15.4 million higher than in the same period a year ago, equivalent to an
increase of 190.1 percent. Earnings per share amounted to CHF 0.87; adjusted
for amortization of goodwill after tax, the figure was CHF 1.01.
end of ad-hoc-announcement (c)DGAP 10.04.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Both the core businesses contributed to this encouraging first-quarter
performance. The strategy of focusing on high-value-added, application-specific
semiconductor systems in the areas of multimedia, consumer and automotive
electronics was vindicated once more in a persistently challenging business
climate that is growing more difficult all the time.
A sign of the good market acceptance enjoyed by Micronas semiconductor chipsets
was the fact that available machine capacity was 95 percent utilized during the
reporting period.
Despite the generally good performance in 2003 so far, the present global
political and economic developments make it difficult to give firm predictions
about the short-term prospects for the Micronas Group. Unlike the first three
months, we expect the second quarter to bring a decline in sales. On the
present evidence, we expect single-digit sales growth for the first half-year
and for 2003 overall, in contrast to the picture in 2002.
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 in Frankfurt.
Zurich, 10 April 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.comtions for
multimedia, consumer and automotive
electronics. Its shares are listed on the SWX Swiss Exchange and on the Prime
Standard segment in Frankfurt.
Zurich, 10 April 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
100729 Apr 03
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