Dialog Semiconductor Plc. / Key word(s): Preliminary Results
17.01.2011 07:59
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Trading update
Dialog Semiconductor achieves substantial growth with record revenue for
both Q4 2010 and full year 2010
Company expects to report 2010 revenue of approximately $296.6 million,
achieving approximately 36% growth over 2009
Kirchheim/Teck, Germany, 17 January 2011 - Dialog Semiconductor plc (FWB:
DLG), a leading provider of power management semiconductor solutions
announces that it has achieved year-on-year growth in revenue of
approximately 36% for the year ended 31 December 2010. It expects to report
record revenue of $296.6 million for full year 2010 and $87.5 million for
Q4 2010, exceeding the upper limit of the $290-295 million outlook range
for 2010 given on 26 October 2010.
Dialog's cash, cash equivalents and restricted cash balances have increased
in Q4 2010 by $12.6 million to stand at an estimated $158 million at 31
December 2010.
Associated with the 42% increase in share price during Q4 2010, an
additional non operating charge of approximately $3.0 million related to
share based compensation charges was incurred.
The Company is currently finalising its Q4 2010 results and will publish
full and audited results for the year ended 31 December 2010 on Thursday,
10 February 2011.
Dialog Semiconductor will hold a conference call on 10 February 2011 at
09:30 CET / 08:30 UK. Dialog Semiconductor invites you to take part in
this results call and to listen to management's discussion of the Company's
Q4 and full year 2010 performance.
To access the call please use the following dial-in numbers: Germany +49
(0) 6103 485 3000, UK +44 (0) 207 153 2027, USA +1 480 629 9725, with no
access code required. An instant replay facility will be available for 30
days after the call and can be accessed at +49 (0) 69 589 990 568 with
access code 4402293#. An audio replay of the conference call will also be
posted soon thereafter on the company's website at:
http://www.diasemi.com/investor_relations.php
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Information and Explaination of the Issuer to this News:
For further information please contact:
Dialog Semiconductor Financial Dynamics-London Financial Dynamics-Frankf
Neue StraÃe 95 Matt Dixon Ivo Lingnau
D-73230 Kircheim/Teck T +44 20 7269 7214 T +49 69 920 37 133
Germany matt.dixon@fd.com ivo.lingnau@fd.com
T +49-7021-805-412
F +49-7021-805-200
dialog@fd.com
www.dialog-semiconductor.com
Note to editors:
Dialog Semiconductor creates energy-efficient, highly integrated,
mixed-signal circuits optimised for personal mobile, lighting & display 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 unique focus and expertise in system power management, Dialog
brings decades of experience to the rapid development of integrated
circuits for power management, audio, display processing and motor control.
Dialog's processor companion chips are essential for enhancing both the
performance of hand-held products and the consumers' multimedia experience.
With world-class manufacturing partners, Dialog operates a fabless business
model.
Dialog Semiconductor plc is headquartered near Stuttgart with a global
sales, R&D and marketing organisation. In 2010, it had approximately $296.6
million in revenue and was again one of the fastest growing European public
semiconductor companies. It currently has approximately 400 employees. The
company is listed on the Frankfurt (FWB: DLG) stock exchange 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 supercede any
previous statement.
17.01.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Dialog Semiconductor Plc.
Tower Bridge House, St. Katharine's Way
E1W 1AA London
GroÃbritannien
Phone: +49 7021 805-412
Fax: +49 7021 805-200
E-mail: birgit.hummel@diasemi.com
Internet: www.diasemi.com
ISIN: GB0059822006
WKN: 927200
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Dialog Semiconductor Plc.: Dialog Semiconductor achieves substantial growth with record revenue for both Q4 2010 and full year 2010
| Source: EQS Group AG