Dialog Semiconductor Reports Second Quarter 2005 Results and Announces New CEO.KIRCHHEIM/TECK, Germany -- Dialog Semiconductor Plc: --Q2 revenues grow to EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 32.1 million (Q2 2004: EUR 30.4 million) --Profitability achieved in Q2 2005 with broader product and customer mix --Diversification confirmed by display driver ICs representing over 25% of total revenues --Jalal Bagherli appointed Chief Executive Officer of Dialog Semiconductor Plc --Roland Pudelko, current CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , to concentrate on new strategy for Dialog's imaging business Dialog Semiconductor Plc (FWB (Fixed Wireless Broadband) See fixed wireless. : DLG DLG - (DFA-based Lexical analyser Generator) The lexical analyser generator in the Purdue Compiler-Construction Tool Set. , Nasdaq: DLGS DLGS Decreto Legislativo (Italian: Legislative Decree) DLGS Data Link Ground Station ) today reported sales of EUR 32.1 million for the second quarter of 2005 (Q2 2004: EUR 30.4 million). The Company has achieved an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of EUR 0.2 million and an EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of EUR 0.01 in Q2 2005. A significant aspect of the quarter's growth is the further increase of shipments of color not of the white race; - commonly meaning, esp. in the United States, of negro blood, pure or mixed. See also: Color display driver ICs, which now form a key part of the business, representing over 25% of the company's revenues. We believe that this trend shows both a diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. of our customer base and a strengthening of relationships with existing customers. Roland Pudelko said "The quarter's results show an improvement in sales, a return to profitability and a broader product and customer mix. This has come from the success of our development team responding to customers' needs enabling those customers to bring their new products to the market. Other important developments were the launch of two further standard products. First, the DA9023 which is a product for the programming and control of LEDs and lightshow sequences in mobile phones. Second, the introduction to the market of an advanced multimedia mobile phone handset The part of the telephone that contains the speaker and the microphone. On a desktop phone, the part you hold in your hand is the handset. On a cellphone, the entire phone is the handset. See multihandset cordless and headset. from network operator O2, which is the first to be based on an Intel processor and features Dialog Semiconductor's integrated DA9011 GSM/GPRS power management and audio controller." Dialog Semiconductor Plc also announced today the appointment of Dr Jalal Bagherli as CEO. Dr Bagherli expects to take up his duties in early October 2005. Dr Bagherli is currently Vice President & General Manager for the Mobile Multimedia business unit for Broadcom Corporation. Prior to this, he was the CEO of Alphamosaic, which was acquired by Broadcom in September 2004. Dr Bagherli has extensive experience of the semiconductor industry with a wealth of knowledge about the Far Eastern, European and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. markets, gained through his previous professional and executive positions with Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. and Sony. Roland Pudelko, the current CEO, has decided to concentrate on implementing the new strategy for the imaging business of Dialog. As President of our imaging company, Dialog Semiconductor Inc and its corresponding European activities, he will seek to develop this business with the participation of external investors and partners. Roland Pudelko will remain as CEO until Dr Bagherli takes up his position and will thereafter remain a director of Dialog Semiconductor Plc. Roland Pudelko commented "Going forward I am excited about the prospect of driving the new strategy for Dialog's imaging business. I see great potential for this business by partnering with international industry players and with external investors". Jan Tufvesson, Chairman, commented: "We are delighted that Jalal has decided to join the Company and we look forward to the insight he will bring. He has first class experience in the semiconductor industry and has a proven track record of success and achievement. We are confident he can make a huge contribution to the Company at this exciting stage of its development. We are also very pleased that Roland will focus on developing the strategic partnerships which are necessary to bring success to our imaging business in this dynamic market. I would personally like to thank Roland for his support and commitment as Chief Executive Officer over the past 16 years and I look forward to continuing to work with him." The Company's interim report as of June 30, 2005 has been prepared in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). (IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ) and is available at www.dialog-semiconductor.com. Information about Dialog Semiconductor Dialog Semiconductor develops and supplies power management, audio and imaging technology, delivering innovative mixed signal standard products as well as application specific IC solutions for wireless, automotive and industrial applications. The company's expertise in mixed signal design, with products manufactured entirely in CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. technology, enhances the performance and features of wireless, hand-held and portable electronic products. Its technology is also used in intelligent control circuits in automotive and industrial applications. Dialog Semiconductor Plc is headquartered near Stuttgart, Germany with additional design facilities in the UK, the USA, Austria and Japan. The company is listed on the Frankfurt (FWB: DLG) and NASDAQ (DLGS) stock exchanges. Forward Looking Statements This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 Communicating information, including data, text, pictures, voice and video over long distance. See communications. markets; changes in currency exchange rates and interest rates, the timing of customer orders and manufacturing lead times, insufficient, excess or obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. , the impact of competing products and their pricing, political risks in the countries in which we operate or sale and supply constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. . If any of these or other risks and uncertainties occur (some of which are described under the heading "Risk Factors" in Dialog Semiconductor's most recent Annual Report and under the heading "Risk Factors" in Dialog Semiconductor's most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission), 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. Selected Financial Data (in accordance with IFRS)
Three Three
months months Year
ended ended ended
June June December
(in thousands of EUR, except per 30, 30, 31,
share, equity ratio and 2005 2004 2004
employee data) (unaudited) (unaudited)
Earnings data
Revenues 32,097 30,402 116,044
Research and development (6,562) (7,437) (29,592)
Operating profit (loss) 176 (75) (6,739)
Net income (loss) 660 17 (6,393)
Cash flow from operations 34 2,269 (8,601)
Balance Sheet data
Cash and cash equivalents 9,045 14,098 13,977
Marketable securities 17,119 37,747 17,542
------------------------------------------- -------- -------- --------
Liquid Assets 26,164 51,845 31,519
------------------------------------------- -------- -------- --------
Shareholders' equity 105,501 112,594 108,227
Equity ratio in % 82.9 84.3 84.5
Total assets 127,328 133,553 128,024
Purchases of property, plant and equipment 1,205 3,392 12,321
Share data
Basic earnings (loss) per share 0.01 0.00 (0.13)
Basic weighted average number of shares (in
thousands) 44,115 44,011 44,025
Other data
Employees (period end) 277 276 296
------------------------------------------- -------- -------- --------
Investor Information
Corporate Calendar
October 19, 2005 Release of third quarter results
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion