24.04.2019 23:19:11
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DGAP-Adhoc: DIALOG SEMICONDUCTOR EXPECTS HIGHER THAN ANTICIPATED PROFITABILITY IN Q1 2019
DGAP-Ad-hoc: Dialog Semiconductor Plc. / Key word(s): Quarter Results
London, UK, 24 April 2019 - Dialog Semiconductor Plc (XETRA: DLG), expects higher than anticipated profitability in Q1 2019. On 6 March 2019, Dialog indicated that it expected gross margin for Q1 2019 to be broadly in line with FY 2018 (FY 2018 gross margin: 47.9%; FY 2018 underlying1 gross margin: 48.3%). The Company now expects Q1 2019 gross margin of approximately 49.3% and Q1 2019 underlying1 gross margin of approximately 49.6%. Both measures include 80bps positive impact from non-recurring items. The remaining favorable movement was mostly driven by product mix and lower manufacturing costs. Additionally, in Q1 2019 the Company expects operating profit of approximately US$25 million and underlying1 operating profit of approximately US$47 million. Both measures include other operating income of approximately US$4 million, comprising income from specific non-recurring engineering contracts. In Q1 2019, the Company expects revenue of approximately US$295 million. At 29 March 2019, the Company had US$690 million of cash and cash equivalents. The Company will publish its results for the quarter ended 29 March 2019 on 9 May 2019. *** 1. Underlying measures of performance quoted in this announcement are non-IFRS measures. Our use of underlying measures is explained on pages 156 to 161 of our 2018 Annual Report and Accounts. Reconciliations of the underlying measures to the nearest equivalent IFRS measures will be presented in our Q1 2019 Interim Report.
Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961 Information and Explanation of the Issuer to this News:
FTI Consulting London FTI Consulting Frankfurt About Dialog Semiconductor Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment in which we operate. Dialog Semiconductor Plc is headquartered in London with a global sales, R&D and marketing organization. In 2018, it had approximately $1.44 billion in revenue. It currently has approximately 1,850 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a member of the German TecDax and MDAX indices. For more information, visit www.dialog-semiconductor.com. Forward Looking Statements
24-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Dialog Semiconductor Plc. |
Tower Bridge House, St. Katharine's Way | |
E1W 1AA London | |
United Kingdom | |
Phone: | +49 7021 805-412 |
Fax: | +49 7021 805-200 |
E-mail: | jose.cano@diasemi.com |
Internet: | www.dialog-semiconductor.com |
ISIN: | GB0059822006 |
WKN: | 927200 |
Indices: | MDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 803159 |
End of Announcement | DGAP News Service |
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803159 24-Apr-2019 CET/CEST
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