DIALOG SEMICONDUCTOR

DLG
Delayed Quote. Delayed  - 04/09 11:35:47 am
64.5EUR -0.09%

PRESS RELEASE : Dialog Semiconductor - Update on segment information

03/03/2021 | 01:32am
DGAP-News: Dialog Semiconductor Plc. / Key word(s): Miscellaneous 
Dialog Semiconductor - Update on segment information 
2021-03-03 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
London, UK, 3 March, 2021 - Dialog Semiconductor Plc (XETRA: DLG), a provider of highly integrated power and battery 
management, Configurable Mixed-signal IC, AC/DC, solid state lighting and Bluetooth(R) low energy wireless technology, 
and industrial edge computing solutions, today updates on changes to its organisation and segment information. 
Organisational changes 
The Group's organisation has been updated to reflect our growth strategy and the expansion of our business into the 
industrial end market. We acquired Creative Chips GmbH during Q4 2019 and designated it as our Industrial Mixed Signal 
business unit within our Custom Mixed Signal reporting segment. We acquired Adesto Technologies Corporation during Q3 
2020 and initially reported its results as a separate operating segment. During Q4 2020, we brought these two 
businesses together to form a single reporting segment that we have named Industrial IoT. The following table 
summarises the segment changes: 
Previous Reporting Segments Changes (+/-)                              New Reporting Segments 
Custom Mixed Signal         - Industrial Mixed Signal (Creative Chips) Custom Mixed Signal (CMS) 
Advanced Mixed Signal                                                  Advanced Mixed Signal (AMS) 
Connectivity and Audio                                                 Connectivity and Audio (C&A) 
Adesto                      + Industrial Mixed Signal (Creative Chips) Industrial IoT (IIoT) 

Restated segment information Management uses underlying measures as the principal basis for allocating resources to and assessing the financial performance of the Group's businesses. Underlying revenue is therefore the measure of segment revenue and underlying operating profit or loss the measure of segment profit or loss that is presented in the Group's segment disclosures.

Segment information for 2019 and for Q1/Q2/Q3 2020 restated to reflect these organisational changes is shown in Table 1 and Table 2 on page 2 of this Press Release and is available on our website in pdf and excel format:

https://www.dialog-semiconductor.com/organisational-update

The Group's results for 2019 and for Q1/Q2/Q3 2020 remain unchanged.

Q4 and FY 2020 results, including segment information are presented in accordance with the new reporting structure.

Table 1: Underlying revenue by segment (unaudited)

 
                                                                     Underlying     Underlying 
                                                                    revenue^(1)    revenue^(1) 
                                            Three     Three   Three       Three 
                                           months    months  months      months           Year 
                                            ended     ended   ended       ended          ended 
                                               31                            25 
                                         December  27 March 26 June   September    31 December 
                                             2019      2020    2020        2020           2019 
                                           USUSD000    USUSD000  USUSD000      USUSD000         USUSD000 
Custom Mixed Signal                       253,407   147,826 181,528     216,536        962,476 
Advanced Mixed Signal                      68,444    51,528  63,112      78,184        253,415 
Connectivity & Audio                       50,154    34,716  43,899      56,023        183,781 
Industrial IoT                              2,312     5,485   4,833      26,750          2,312 
Total segments                            374,317   239,555 293,372     377,493      1,401,984 
Corporate and other unallocated 
items                                       6,265     8,927   8,927       8,922         18,505 
Total Group                               380,582   248,482 302,299     386,415      1,420,489 
 1 Revenue is from sales to external 
            customers (there were no 
                inter-segment sales) 
 
 
Table 2: Underlying operating profit by segment  (unaudited) 
                                                                       Underlying operating         Underlying operating 
                                                                              profit/(loss)                profit/(loss) 
                                                 Three     Three 
                               Three months     months    months               Three months                         Year 
                                      ended      ended     ended                      ended                        ended 
                                31 December   27 March   26 June 
                                       2019       2020      2020          25 September 2020             31 December 2019 
                                     USUSD000     USUSD000    USUSD000                     USUSD000                       USUSD000 
Custom Mixed Signal                  82,401     29,744    48,216                     67,945                      282,617 
Advanced Mixed Signal                 2,747         55     5,461                     11,399                       15,236 
Connectivity & Audio                  4,349    (3,238)     1,798                      6,802                       21,607 
Industrial IoT                        (676)        341        64                    (1,159)                        (676) 
Total segments                       88,821     26,902    55,539                     84,987                      318,784 
Corporate and other 
unallocated items                     2,      6,107     6,851                      6,499                        5,565 
Total Group                          91,268     33,009    62,390                     91,486                      324,349 

Reconciliation of underlying measures to equivalent IFRS measures (unaudited)

Underlying performance measures exclude specific items of income or expense that are recognised in profit or loss reported in accordance with IFRS that we consider hinder comparison of the financial performance of our businesses from one period to another, with each other or with other similar businesses.

Except when presented as measures of segment revenue or segment profit or loss, underlying measures of performance are non-IFRS measures. Our use of non-IFRS measures is explained on pages 183 to 189 of our 2019 Annual Report and Accounts. Reconciliations of the Group's revenue and operating profit or loss reported in accordance with IFRS to the Group's revenue and operating profit or loss on an underlying basis for each of the periods presented in the tables above were presented in our results announcements for the respective periods.

***

For further information please contact: Dialog Semiconductor Jose Cano Head of Investor Relations T: +44 (0)1793 756 961 jose.cano@diasemi.com

FTI Consulting London Matt Dixon T: +44 (0)2037 271 137 matt.dixon@fticonsulting.com

FTI Consulting Frankfurt Katharina Tengler T: +49 (0)69 92037 118 katharina.tengler@fticonsulting.com

About Dialog Semiconductor Dialog Semiconductor is a leading provider of integrated circuits (ICs) that power mobile devices and the Internet of Things. Dialog solutions are integral to some of today's leading mobile devices and the enabling element for increasing performance and productivity on the go. From making smartphones more power efficient and shortening charging times, enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next.

Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment in which we operate. Dialog Semiconductor Plc is headquartered in London with a global sales, R&D and marketing organization. In 2020, it had approximately USD1.4 billion in revenue. It currently has approximately 2,300 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006). For more information, visit www.dialog-semiconductor.com.

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 "Managing risk and uncertainty" 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. Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961

(MORE TO FOLLOW) Dow Jones Newswires

March 03, 2021 01:31 ET (06:31 GMT)

Copier lien
All news about DIALOG SEMICONDUCTOR PLC
2d ago
2d ago
2d ago
2d ago
2d ago