KIRCHHEIM, Germany & TECK, Germany -- (BUSINESS WIRE) -- Dialog Semiconductor plc (FWB: DLG), a provider of highly integrated innovative power management, audio and low energy short range wireless technologies, today announces a stronger than anticipated end of year, underpinned by a strong late surge in demand for Smartphone and Tablet products. In what is traditionally the strongest revenue quarter, the Company now expects to report Q4 2012 revenue of $268 million.
This represents a 56% year on year growth and a 14% increase from the upper end of the $215 - $235 million outlook range given on 31 October 2012. Full year revenue is expected to end at approximately $774 million, representing 47% growth over 2011.
Dialog expects an increase in cash and cash equivalents of $34 million in Q4 2012. At the end of the year ended 31 December 2012 the company expects a cash and cash equivalent balance of $313 million.
The Company is currently finalising its Q4 2012 results and will publish full and audited results for the year ended 31 December 2012 on Wednesday 20 February 2013.
Dialog Semiconductor will hold a conference call on 20 February 2013 at 09.00 UK /10.00 CET. 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 2012 performance.
To access the call please use the following dial-in numbers: Germany 0800 101 4960, UK 0800 694 0257, USA 1866 966 9439 and Rest of World +44(0)1452 555 566, with no access code required. An instant replay facility will be available for 30 days after the call and can be accessed at +44(0)1452 550 000 with access code 86698933#. An audio replay of the conference call will also be posted soon thereafter on the company's website at: http://www.dialog-semiconductor.com/investor-relations
Note to editors
Dialog Semiconductor creates highly integrated, mixed-signal integrated circuits (ICs) optimised for personal portable, low energy short-range wireless, 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 focus and expertise in energy efficient system power management, and with a technology portfolio including audio, short range wireless and VoIP technology, Dialog brings decades of experience to the rapid development of ICs for personal portable applications including Smartphones, Tablet PCs, digital cordless and gaming applications.
Dialog's power management processor companion chips are essential for enhancing both the performance in terms of extended battery lifetime 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 2011, it had approximately $527 million in revenue and was one of the fastest growing European public semiconductor companies. As of September 2012 the company had approximately 760 employees. Dialog Semiconductor 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 supersede any previous statement.
|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:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr|
|in Berlin, Düsseldorf, Hamburg, München, Stuttgart|