|By Business Wire||
|January 13, 2014 03:06 AM EST||
Dialog Semiconductor (FWB:DLG), a provider of highly integrated innovative power management, audio, AC/DC and short range wireless technologies, today announces record Q4 2013 IFRS revenue of approximately $352 million driven by stronger than anticipated demand in its Mobile Systems segment during December.
This represents a 31% year on year Q4 growth with full year IFRS revenue now expected to end at approximately $903 million, representing 17% growth over FY 2012. This will result in underlying full year revenue of approximately $910 million, up 18% on full year 2012.
On 29 October 2013 Dialog Semiconductor outlined expectations for a sequential and year-on-year improvement in Q4 2013 underlying gross margin that would result in an underlying gross margin improvement for FY2013 over FY2012. Given the increased revenue reported today, the Company anticipates a further positive contribution to its original underlying gross margin expectation.
Dialog expects an increase in cash and cash equivalents of approximately $29 million in Q4 2013 which includes a $10 million early debt repayment (from debt facilities as of Q3 2013:$114 million). At 31 December 2013 the company expects a cash and cash equivalent balance of approximately $186 million.
Information and Explaination of the Issuer to this News:
The Company is currently finalising its Q4 2013 results and will publish full and audited results for the year ended 31 December 2013 on Thursday, 20 February 2014.
Dialog Semiconductor will hold a conference call on 20 February 2014 at 09.00 UK /10.00 CET. Dialog Semiconductor invites you to take part in this results call and to listen to management's discussion of the Company's Q4 and full year 2013 performance.
To access the call please use the following dial-in numbers: Germany 0800 101 4960, UK 0800 694 0257, USA 1866 966 9439 and Rest of World +44(0)1452 555 566, with no access code required. An instant replay facility will be available for 30 days after the call and can be accessed at +44(0)1452 550 000 with access code 31198616#. An audio replay of the conference call will also be posted soon thereafter on the Company's website at:
Note to editors
Dialog Semiconductor creates highly integrated, mixed-signal integrated circuits (ICs) optimised for personal portable, low energy short-range wireless, LED solid state lighting, and automotive applications. The Company provides flexible and dynamic support, world-class innovation and the assurance of dealing with an established business partner.
With its focus and expertise in energy efficient system power management, and with a technology portfolio including audio, short range wireless, AC/DC power conversion and multi-touch technology, Dialog brings decades of experience to the rapid development of ICs for personal portable applications including smartphones, tablets, UltrabooksTM and digital cordless phones.
Dialog's power management processor companion chips enhance both the performance in terms of extended battery lifetime and the consumers' multimedia experience. With world-class manufacturing partners, Dialog operates a fabless business model.
Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organisation. In 2012, it had $774 million in revenue and was one of the fastest growing European public semiconductor companies. Dialog Semiconductor currently has approximately 1,100 employees. The Company is listed on the Frankfurt (FWB: DLG) stock exchange and is a member of the German TecDax index. It also has a convertible bond listed on the Euro MTF Market on the Luxemburg Stock Exchange (ISIN XS0757015606).
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 'Risks and their management' 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.
|Company:||Dialog Semiconductor Plc.|
|Tower Bridge House, St. Katharine's Way|
|E1W 1AA London|
|Phone:||+49 7021 805-412|
|Fax:||+49 7021 805-200|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart|