DGAP-Ad-hoc: Dialog Semiconductor Plc. / Key word(s): Quarter Results
DIALOG SEMICONDUCTOR EXPECTS HIGHER THAN ANTICIPATED PROFITABILITY IN Q1
2019
24-Apr-2019 / 23:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*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:
*For further information please contact: *
*Dialog Semiconductor*
*Jose Cano *
Head of Investor Relations
T: +44 (0)1793 756 961
jose.cano@diasemi.com
*FTI Consulting* *London*
Matt Dixon
T: +44 (0)2037 271 137
matt.dixon@fticonsulting.com
*FTI Consulting Frankfurt*
Anja Meusel
T: +49 (0) 69 9203 7120
Anja.Meusel@fticonsulting.com
*About Dialog Semiconductor*
Dialog Semiconductor is a leading provider of integrated circuits (ICs) that
power mobile devices and the Internet of Things. Dialog solutions are
integral to some of today's leading mobile devices and the enabling element
for increasing performance and productivity on the go. From making
smartphones more power efficient and shortening charging times, enabling
home appliances to be controlled from anywhere, to connecting the next
generation of wearable devices, Dialog's decades of experience and
world-class innovation help manufacturers get to what's next.
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 [1].
*Forward Looking Statements*
This press release contains 'forward-looking statements' that reflect
management's current views with respect to future events. The words
'anticipate,' 'believe,' 'estimate', 'expect,' 'intend,' 'may,' 'plan,'
'project' and 'should' and similar expressions identify forward-looking
statements. Such statements are subject to risks and uncertainties,
including, but not limited to: an economic downturn in the semiconductor and
telecommunications markets; changes in currency exchange rates and interest
rates, the timing of customer orders and manufacturing lead times,
insufficient, excess or obsolete inventory, the impact of competing products
and their pricing, political risks in the countries in which we operate or
sale and supply constraints. If any of these or other risks and
uncertainties occur (some of which are described under the heading 'Managing
risk and uncertainty' in Dialog Semiconductor's most recent Annual Report)
or if the assumptions underlying any of these statements prove incorrect,
then actual results may be materially different from those expressed or
implied by such statements. We do not intend or assume any obligation to
update any forward-looking statement which speaks only as of the date on
which it is made, however, any subsequent statement will supersede any
previous statement.
24-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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
803159 24-Apr-2019 CET/CEST
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(END) Dow Jones Newswires
April 24, 2019 17:19 ET (21:19 GMT)
