ANNUAL REPORT 2004 - ELMOS Semiconductor AG
ANNUAL REPORT 2004 - ELMOS Semiconductor AG
ANNUAL REPORT 2004 - ELMOS Semiconductor AG
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MAN<strong>AG</strong>EMENT BOARD <strong>ELMOS</strong> – THE COMPANY THE <strong>ELMOS</strong> SHARE CORPORATE GOVERNANCE<br />
56<br />
Sales and profit situation according to the segments<br />
Segment key figures<br />
<strong>Semiconductor</strong><br />
Segment 2003 <strong>2004</strong> Change<br />
Sales in million Euro 121.4 143.3 18.1%<br />
<strong>Semiconductor</strong> 107.7 130.7 21.3%<br />
Micromechanics 9.3 9.1 – 2.7%<br />
Assembly 4.4 3.5 – 18.5%<br />
Book-to-bill 1.12 0.97<br />
<strong>Semiconductor</strong> 1.13 0.97<br />
Micromechanics 1.03 0.94<br />
Assembly 0.99 0.98<br />
Gross profit in million Euro 61.4 73.6 19.8%<br />
<strong>Semiconductor</strong> 58.1 68.9 18.5%<br />
Micromechanics 3.1 3.7 16.2%<br />
Assembly 0.2 1.0 n.a.<br />
Gross margin in million Euro 50.6% 51.3%<br />
<strong>Semiconductor</strong> 53.9% 52.7%<br />
Micromechanics 33.8% 40.4%<br />
Assembly 3.5% 29.3%<br />
Operating income in million Euro 21.6 29.6 36.9%<br />
<strong>Semiconductor</strong> 21.2 27.1 27.9%<br />
Micromechanics 0.3 0.8 n.a.<br />
Assembly 0.1 1.7 n.a.<br />
The semiconductor core business of the <strong>ELMOS</strong> Group is operated through the va-<br />
rious companies in Germany, France, and the U.S. Third-party sales in the semicon-<br />
ductor segment gained 21.3 percent to achieve 130.7 million Euro. The semiconductor<br />
segment remains to have the highest importance to <strong>ELMOS</strong> and amounts to roughly<br />
90 percent of the <strong>ELMOS</strong> Group’s sales as the year before. This is due primarily to<br />
the increasing number of products. The gross margin of the semiconductor segment<br />
achieved 52.7 percent, once more the highest margin of the three segments.