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Investing.com -- Shares in Elmos Semiconductor, the German semiconductor products manufacturer, experienced a decline after the company reported a drop in earnings for the fourth quarter of fiscal 2024.
At 10:20GMT, shares traded 6.1% lower at 68.20 euros.
The company's sales in the fourth quarter amounted to 145.7 million euros ($152.8 million), marking a decrease from the 156.6 million euros reported in the same quarter of the previous year.
Earnings before interest and taxes (EBIT) were reported at 36.2 million euros, a decrease from the 43.2 million euros in the prior-year quarter. The operating EBIT margin was 24.8%, compared to the 27.6% in the previous year.
Elmos Semiconductor mentioned that the fiscal year ahead would be influenced by ongoing customer inventory adjustments and the prevailing geopolitical and economic uncertainty.
For the fiscal year 2025, the company projects sales of approximately 580 million euros and an EBIT margin of around 23%.
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