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
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.
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