Dortmund, Germany, May 16, 2018: Elmos Semiconductor AG (FSE: ELG) held its 19th Annual General Meeting today. The shareholders in attendance approved a dividend increase to 0.40 Euro per share (previously 0.35 Euro) by a vote of 99%. The other proposals on the agenda were also approved by a large majority.
In his speech to shareholders, CEO Dr. Anton Mindl used examples to illustrate the motto “Innovation Matters.” He presented a variety of dynamically growing products whose market success is primarily due to innovative features.
“Major advancements in driver assistance systems, electromobility, and new comfort and safety features, for example, are made possible only by the increased use of sensors, electronics, and software. Our products often play a key role in these systems, making our innovations an important piece in the puzzle for the car of the future,” Mindl said. In addition to presenting the most recent financial figures, Mindl also confirmed the guidance for the current year.
The dividend will be paid on May 22, 2018.
About Elmos Semiconductor AG
Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.
Notice
This release contains forward-looking statements that are based on assumptions and estimates made by the Elmos management. Even though we assume the underlying expectations of the forward-looking statements to be realistic, we cannot guarantee the expectations will prove right. The assumptions may carry risks and uncertainties, and as a result actual events may differ materially from the forward-looking statements. Among the factors that could cause such differences are changes in general economic and business conditions, fluctuations of exchange rates and interest rates, the introduction of competing products, lack of acceptance of new products, and changes in business strategy. Elmos neither intends nor assumes any obligation to update its statements with respect to future events.