Dialog Semiconductor Plc. / Key word(s): Forecast
03.05.2016 22:24
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London, UK, 3 May 2016 - Dialog Semiconductor plc (XETRA: DLG), a provider
of highly integrated power management, AC/DC power conversion, solid state
lighting and Bluetooth(R) Smart wireless technology, today revises down its
outlook for the full year 2016.
On 11 January 2016, Dialog indicated that it expected single digit
percentage year-on-year overall revenue growth for the full year 2016.
However, as a result of the continuing softness in smartphone market
demand, the company now anticipates revenue for the full year 2016 to
decline high single digit percentage year-on-year. In line with historic
seasonality, we expect revenue performance for the full year to be strongly
weighted towards the second half of the year. We expect growth momentum in
our Connectivity and Power Conversion products to remain strong through
2016.
In line with the revenue performance, we expect underlying gross margin
percentage for the full year to be slightly below the level achieved in
2015. The effect of the lower anticipated revenue in the full year 2016
will be partially offset by rigorous control of operating expenses in the
period.
Based on our current visibility, we anticipate revenue for Q2 2016 to
improve sequentially from Q1 2016 and to be in the range of $240 to $260
million. On the basis of this revenue guidance, gross margin in Q2 2016
will be flat to marginally above Q1 2016.
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Information and Explanation of the Issuer to this News:
For further information please contact:
Dialog Semiconductor
Jose Cano
Head of Investor Relations
T: +44 (0)1793 756 961
jose.cano@diasemi.com
FTI Consulting London
Matt Dixon
T: +44 (0)2037 271 137
matt.dixon@fticonsulting.com
FTI Consulting Frankfurt
Anja Meusel
T: +49 (0) 69 9203 7120
Anja.Meusel@fticonsulting.com
Note to editors
Dialog Semiconductor provides highly integrated standard (ASSP) and custom
(ASIC) mixed-signal integrated circuits (ICs), optimised for smartphone,
tablet, IoT, LED Solid State Lighting (SSL) and Smart Home applications.
Dialog brings decades of experience to the rapid development of ICs while
providing flexible and dynamic support, world-class innovation and the
assurance of dealing with an established business partner. With world-class
manufacturing partners, Dialog operates a fabless business model and is a
socially responsible employer pursuing many programs to benefit the
employees, community, other stakeholders and the environment we operate in.
Dialog's power saving technologies including DC-DC configurable system
power management deliver high efficiency and enhance the consumer's user
experience by extending battery lifetime and enabling faster charging of
their portable devices. Its technology portfolio also includes audio,
Bluetooth(R) Smart, Rapid Charge(TM) AC/DC power conversion and
multi-touch.
Dialog Semiconductor plc is headquartered in London with a global sales,
R&D and marketing organisation. In 2015, it had $1.35 billion in revenue
and was one of the fastest growing European public semiconductor companies.
It currently has approximately 1,660 employees worldwide. The company is
listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime
Standard, ISIN GB0059822006) and is a member of the German TecDax index.
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.
03.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Dialog Semiconductor Plc.
Tower Bridge House, St. Katharine's Way
E1W 1AA London
United Kingdom
Phone: +49 7021 805-412
Fax: +49 7021 805-200
E-mail: jose.cano@diasemi.com, lauren.ofstedahl@diasemi.com
Internet: www.dialog-semiconductor.com
ISIN: GB0059822006, XS0757015606
WKN: 927200
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart; Terminbörse EUREX; Luxemburg
End of Announcement DGAP News-Service
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DGAP-Adhoc: Dialog Semiconductor Plc. revises down its revenue and gross margin outlook for the full year
| Source: EQS Group AG