Micronas Semiconductor Holding AG
Micronas Semiconductor Holding AG: Key data for first quarter of 2005
Corporate-news announcement sent by DGAP.
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Key data for first quarter of 2005
Sales and earnings overshadowed by depressed markets
As expected, the 2005 business year got off to a difficult start for the
Micronas Group. In keeping with the general market situation, consolidated net
sales for the first three months of the current year amounted to CHF 193.1
million, 13.8 percent lower than in the previous quarter. The gross margin was
around 32 percent; profit for the reporting period amounted to CHF 7.8
million.
New orders for the first quarter of 2005 presented a rosier picture. Order
intake amounted to CHF 175.5 million, 16.1 percent higher than in the previous
quarter. This resulted in a book-to-bill ratio of 0.91.
Operating profit before depreciation and amortization of goodwill (EBITDA)
totaled CHF 36.4 million in the reporting period. This represents a fall of
37.1 percent compared with the fourth quarter of 2004. Operating profit (EBIT)
was CHF 8.8 million, 63.9 percent lower than in the previous quarter. Earnings
per share for the reporting period amounted to CHF 0.24.
The Micronas Group’s manufacturing capacity was fully utilized in the first
three months of 2005. At CHF 33 million, investment in research and
development was maintained at a high level.
To further increase our closeness to customers in one of the most attractive
growth markets, Micronas opened a development center in Shanghai in the
reporting period. The center, which employs 20 highly qualified engineers,
will focus on the development of integrated circuits and systems for the TV
market in China.
In the present market environment, it is impossible to make reliable
predictions about the further development of our business. We expect demand to
remain restrained for the rest of the 2005 business year. In view of the
current market situation, we expect sales and earnings for the second quarter
of 2005 to be on a par with the first quarter. On the basis of the indicators
known to us today, we are confident that the second half of 2005 will bring
growth compared with the first half. From the present viewpoint and given the
poor first-half performance, we do not rule out the possibility that the 2005
business year as a whole will see a fall in sales compared with the record
year of 2004.
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, April 12, 2005
For further information:
Susy Krucker, Investor Relations
Phone +41 44 445 39 60, E-mail: investor@micronas.com
Detailed financial data can be accessed at http://www.micronas.com
end of message, (c)DGAP 12.04.2005
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WKN: 910 354 ; ISIN: CH0012337421; Index: TecDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; Zürich
120730 Apr 05
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