DGAP-Adhoc: Ad-hoc announcement in accordance with § 15 WpHG: Dialog Semiconductor revises down its revenue and gross margin outlook for the full year


Dialog Semiconductor Plc.  / Key word(s): Forecast

27.07.2016 23:19

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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London, UK, 27 July 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 5 May 2016, Dialog indicated that it expected revenue for the full year
2016 to decline high single digit percentage year-on-year. However, as a
result of the continuing softness in smartphone market demand, the company
now anticipates revenue for the full year 2016 to decline approximately 15%
year-on-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 Q3 2016 to
improve sequentially from Q2 2016 and to be in the range of $290 to $320
million. On the basis of this revenue guidance, gross margin in Q3 2016
will be marginally above H1 2016.

For further information please contact:


Dialog Semiconductor
Jose Cano  
Head of Investor Relations
T: +44 (0)1793 756 961 
jose.cano@diasemi.com


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Information and Explanation of the Issuer to this News:

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.

27.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at 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, Hanover,
              Munich, Stuttgart, Tradegate Exchange; Terminbörse EUREX;
              Luxemburg
 
End of Announcement                             DGAP News-Service
 
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