AZ Electronic Materials SA (AZEM.L)
24 May 2013
|Market Cap (Mil.):||£1,228.12|
|Shares Outstanding (Mil.):||380.91|
LONDON - AZ Electronic Materials, a maker of chemicals for Apple's iPad displays and memory chips, warned that profit would be lower than expected in the first half, wiping a quarter of the value of its share price.
* Warns FY earnings margin to come in below normal levels
LONDON, April 9 - AZ Electronic Materials SA : * Group revenue in Q1 decreased by 2% year-on-year to $179.9M * Divisional mix of revenue in Q1 was characterised by weakness in IC Materials, continued strength in optronics * Divisional mix meant group's EBITDA margin in Q1 was lower than normal * IC Materials business likely to perform below our expectations for H1 * Expect the group EBITDA margin for the first half to be under 30% * Remain confident of a stronger environment for
LONDON, Feb 19 - AZ Electronic Materials SA : * FY total revenue of US$793.9M (up 2% at constant currencies1 * Profit after tax and basic earnings per share up 2% on a like-for-like basis * Profit after tax 134.7 million STG versus 134.1 million * Recommended final dividend of 9.1 cents per share (2011: 8.5 cents) * Expect the first half to show modest year-on-year growth.