DIALOG SEMICONDUCTOR Plc.
- WKN: 927200
- ISIN: GB0059822006
- Land: United Kingdom
Nachricht vom 11.11.2019 | 22:45
Dialog Semiconductor Updates its Long-Term Financial Targets, Increasing Underlying Gross Margin and Underlying Operating Margin
DGAP-News: Dialog Semiconductor Plc.
/ Key word(s): Forecast
London, United Kingdom - November 11, 2019 - Dialog Semiconductor plc (XETRA:DLG) today updates its long-term financial targets, increasing underlying1 gross margin and underlying operating margin.
Looking ahead to the business' activity over the coming years, Dialog Semiconductor expects to see meaningful improvement in both underlying gross margin and underlying operating margin. This improvement is the result of extending its power-efficient mixed-signal product portfolio in IoT, Industrial, Automotive and Computing, alongside further savings in manufacturing and operational costs.
Dialog's growth strategy is built on a strong foundation. The Company has over 30 years of expertise in differentiated low-power mixed signal ICs, with proven execution of product designs and rapid development cycles for customers globally. Our growth strategy is focused on fast-growing segments of our target end markets; IoT, Mobile, Industrial, Automotive and Computing, where Dialog continues to see significant opportunities to drive its high-performance mixed-signal IC leadership.
The Company maintains its commitment to disciplined capital allocation. Dialog has ample financial flexibility to pursue its growth strategy, including value enhancing M&A, while maintaining a healthy balance sheet and a consistent return of capital to shareholders through share buybacks.
Dialog is updating its long-term underlying financial targets, which include:
- Revenue growth of mid-teens percentage points for the unaffected2 business;
- Increased total Group underlying gross margin of 50% to 53%, previously at 47-48%;
- Total Group underlying R&D at 18-20% of revenue, previously at 17-19%;
- Total Group underlying SG&A at 8-10% of revenue;
- Increased total Group underlying operating margin at 20% to 25%, previously at 18-23%; and
- Total Group underlying effective tax rate at 19% to 20%.
Commenting on the announcement, Dialog Chief Executive, Dr Jalal Bagherli, said:
"Our deep expertise and execution track record provide us with a strong foundation to drive the next phase of market leadership and create value for shareholders. Our action plan is firmly in place and we believe we are well-positioned to continue to grow, while further expanding operating margin."
Dr Jalal Bagherli, CEO and Wissam Jabre, CFO will host a conference call for analysts and investors on Tuesday 12 November.
The call will be conducted in English and will commence at 13.30 (London) / 14.30 (Frankfurt).
To register for the webcast and receive dial in numbers, the conference PIN and a unique User ID- please click on the link below:
We hope you can join us and we look forward to welcoming you to the call on the day.
FTI Consulting London
FTI Consulting Frankfurt
About Dialog Semiconductor
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) Low Energy, 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. It currently has approximately 2,000 employees worldwide. In 2018, it had approximately US$ 1.44 billion in revenue. The company is listed on the Frankfurt (XETRA: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a member of the German TecDax and MDAX indices.
Forward Looking Statements
Director, Investor Relations
|Company:||Dialog Semiconductor Plc.|
|Tower Bridge House, St. Katharine's Way|
|E1W 1AA London|
|Phone:||+49 7021 805-412|
|Fax:||+49 7021 805-200|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||910141|
|End of News||DGAP News Service|
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