az electronic materials (AZEM) Snapshot

AZ Electronic Materials S.A., Q1 2013 Interim Management Statement Call, Apr 09, 2013

AZ Electronic Materials S.A. reported group interim management results for the first quarter ended March 31, 2013. For the quarter, group revenue was decreased by 2% year-on-year to $179.9 million against $184.0 million a year ago. This resulted in the group's EBITDA margin in first quarter being lower than normal. Net debt at March 31, 2013 was $298.7 million compared to $289.4 million at December 31, 2012. This increase reflects the usual payment during the quarter of a high proportion of the group's annual tax bill. For the first half, the company expects to show that the IC Materials business is likely to continue to perform below expectations for the first half of the year. The group EBITDA margin for the first half to be under 30%. For the second half, the group's revenue growth and EBITDA margin is expects to improve as the year progresses and remain weighted to the second half as per previous guidance. For the year, the company expects that group revenue for the full year will be around the same levels as last year, EBITDA margin for the year will remain below normal levels.

AZ Electronic Materials S.A. announced that they will report Q1, 2013 results on Apr 25, 2013