XTRA:ELGSemiconductor
Elmos Semiconductor (XTRA:ELG) Stock Falls Despite Stronger Margins And Cash Flow
Elmos Semiconductor stock closed at €143.2 on 4 August, capping a rough three months in which the share price fell about 23%. Yet the latest earnings print tells a different story. Q2 revenue reached €162.0m and H1 operating EBIT margin sat in the mid 20s, backed by much stronger cash generation.
The real headline is margin quality. Gross margin in the first half stood just above 45% and operating cash flow easily covered low single digit capex. For a specialist automotive chip company, that...