Himax Technologies, Inc. Provides First Quarter 2013 Financial Guidance
07 Februar 2013 - 12:00PM
Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax" or "Company"), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today issued financial forecasts for
the first quarter ending March 31, 2013.
Based on information available to the Company as of February 7,
2013, Himax is projecting the following for the three months ending
March 31, 2013
Net Revenues: |
To decline by high-single-digit to low-teens
in percentage, as compared to the fourth quarter of 2012 |
Gross Margin: |
To be slightly up from the fourth
quarter of 2012 |
GAAP EPS: |
6.5 to 7.5 cents per diluted ADS, as
compared to 6.6 cents of the same period 2012 |
Non GAAP EPS (1): |
7.0 to 8.0 cents per diluted ADS, as compared
to 7.1 cents of the same period 2012 |
|
|
(1) Non-GAAP EPS excludes
share-based compensation and acquisition-related charges |
"Looking into 2013, we are seeing strong fundamentals across
many of our product lines. The first quarter is likely to be the
bottom of the year in terms of sales because it has fewer working
days due to Chinese New Year," commented Jordan Wu, President and
CEO of Himax Technologies. "Driving our growth in 2013 are the same
strategies we executed in 2012 which is to focus on image
processing related technologies while diversifying our customer
base and product portfolio to increase revenue and improve margins
and profitability."
About Himax Technologies, Inc.
Himax Technologies, Inc. (HIMX) is a fabless semiconductor
solution provider dedicated to display imaging processing
technologies. Himax is a worldwide market leader in display driver
ICs and timing controllers used in TVs, laptops, monitors, mobile
phones, tablets, digital cameras, car navigation, and many other
consumer electronics devices. Additionally, Himax designs and
provides controllers for touch sensor displays, LCOS micro-displays
used in palm-size projectors and head-mounted displays, LED driver
ICs, power management ICs, scaler products for monitors and
projectors, tailor-made video processing IC solutions and silicon
IPs. The company also offers digital camera solutions, including
CMOS image sensors and wafer level optics, which are used in a wide
variety of applications such as mobile phone, tablet, laptop, TV,
PC camera, automobile, security and medical devices. Founded in
2001 and headquartered in Tainan, Taiwan, Himax currently employs
around 1,400 people from three Taiwan-based offices in Tainan,
Hsinchu and Taipei and country offices in China, Korea, Japan and
the US. Himax has 1,762 patents granted and 1,397 patents pending
approval worldwide as of December 31, 2012. Himax has retained its
position as the leading display imaging processing semiconductor
solution provider to consumer electronics brands worldwide.
http://www.himax.com.tw
Forward Looking Statements
Factors that could cause actual events or results to differ
materially include, but not limited to, general business and
economic conditions and the state of the semiconductor industry;
market acceptance and competitiveness of the driver and non-driver
products developed by the Company; demand for end-use applications
products; reliance on a small group of principal customers; the
uncertainty of continued success in technological innovations; our
ability to develop and protect our intellectual property; pricing
pressures including declines in average selling prices; changes in
customer order patterns; changes in estimated full-year effective
tax rate; shortages in supply of key components; changes in
environmental laws and regulations; exchange rate fluctuations;
regulatory approvals for further investments in our subsidiaries;
our ability to collect accounts receivable and manage inventory;
the uncertainty of success in our Taiwan listing plan which is
still under review by Taiwan regulatory authorities and subject to
change due to, among other things, changes in either Taiwan or U.S.
authorities' policies and Taiwan regulatory authorities' acceptance
of the Company's Taiwan listing application and other risks
described from time to time in the Company's SEC filings, including
those risks identified in the section entitled "Risk Factors" in
its Form 20-F for the year ended December 31, 2011 filed with the
SEC, as may be amended.
CONTACT: For the Company
Jackie Chang, CFO
Himax Technologies, Inc.
Taiwan Tel: +886-2-2370-3999 Ext.22300, or
US Tel: +1-949-585-9838 Ext. 252
Email: jackie_chang@himax.com.tw
www.himax.com.tw
Penny Lin, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999 Ext.22320
Fax: +886-2-2314-0877
Email: penny_lin@himax.com.tw
www.himax.com.tw
Investor Relations - US Representative
MZ North America
John Mattio, SVP
Tel: +1-212-301-7130
Email: john.mattio@mzgroup.us
www.mzgroup.us
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