Revenue for Q4 2014 up 24% on Q4 2013 to approximately $435 million
LONDON — (BUSINESS WIRE) — January 11, 2015 — Dialog Semiconductor plc (FWB: DLG), a provider of highly integrated power management, AC/DC, solid state lighting and Bluetooth(R) Smart wireless technology, today announces record Q4 2014 IFRS revenue of approximately $435 million, slightly above the high end of its guidance for the quarter and driven by strong demand in its Mobile Systems segment throughout December.
This represents a 24% year on year Q4 growth with full year IFRS revenue expected to end at approximately $1,156 million, representing 28% growth over FY 2013.
Dialog anticipates an increase in cash and cash equivalents of approximately $67 million in Q4 2014 which includes a $40 million early debt repayment. The strong cash generation of the business has allowed the company to return to a bank debt free position significantly ahead of schedule. At 31 December 2014 the company anticipates a cash and cash equivalent balance of approximately $325 million.
Information and Explaination of the Issuer to this News:
The Company is currently finalising its Q4 2014 results and will publish full and audited results for the year ended 31 December 2014 on Thursday, 19 February 2015.
Dialog Semiconductor will hold a call on 19 February 2015 at 09.00 UK/10.00 CET. Dialog Semiconductor invites you to take part of this results call and to listen to the management's discussion of the Company's Q4 and full year 2014 performance. Participants will need to register using the link below labelled 'Online Registration'. A full list of dial-in numbers will also be available.
Webcast & Telephone Registration:
Conference Number: +44 (0)207 192 8000
Conference ID: 61960817
In synchronicity with the call, the analyst presentation will be webcasted on our website at: http://www.dialog-semiconductor.com/investor-relations. A replay will be posted at the same address four hours after the conclusion of the presentation and will be available for 30 days.
To confirm your attendance on the call please contact Jessica Bennett at Jessica.Bennett@fticonsulting.com
Note to editors
Dialog Semiconductor creates highly integrated, mixed-signal integrated circuits (ICs), optimised for personal portable, low energy short-range wireless, LED solid state lighting and automotive applications. The company provides flexible and dynamic support, world-class innovation and the assurance of dealing with an established business partner.
With its focus and expertise in energy-efficient system power management and a technology portfolio that also includes audio, short-range wireless, AC/DC power conversion and multi-touch, Dialog brings decades of experience to the rapid development of ICs for personal portable and digital consumer applications, including smartphones, tablets, Ultrabooks(TM) and emerging wearable type devices. Dialog's power management processor companion chips increase the performance of portable devices by extending battery lifetime, enabling faster charging and enhancing the consumer's experience. With world-class manufacturing partners, Dialog operates a fabless business model.
Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organisation. In 2014, it had approximately $1,156 million in revenue and was one of the fastest growing European public semiconductor companies. It currently has approximately 1,300 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. It also has convertible bonds listed on the Euro MTF Market on the Luxemburg Stock Exchange (ISIN XS0757015606).
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.
|Company:||Dialog Semiconductor Plc.|
|Tower Bridge House, St. Katharine's Way|
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|Phone:||+49 7021 805-412|
|Fax:||+49 7021 805-200|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart|