Expected sharp sales decline in first quarter 2009

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Positive operating cash flow - Effective cost cutting measures
Dortmund: ELMOS Semiconductor AG suffered a sharp sales decline in
the first quarter 2009. Sales of 22.6 million Euro, down 48.9% from
last year's first quarter (Q1 2008: 44.2 million Euro), are in line
with the expectations and result from the continued weak automobile
demand worldwide as well as of stock reductions in the supply chain.
Unlike most other businesses in the industry, ELMOS was able to
generate sales in the fourth quarter 2008 on the preceding quarter's
level on account of order lead times. This factor contributes to the
significant downturn in percent in the first quarter 2009.

The gross profit dropped 75.3% to 4.7 million Euro (Q1 2008: 18.9
million Euro). The gross margin thus came to 20.7% (Q1 2008: 42.8%).
Despite the large share of fixed costs in semiconductor manufacture,
production costs were reduced already in the first quarter 2009 so
that the 14.2 million Euro decline in gross profit was
disproportionately low considering the 21.6 million Euro drop in
sales. The EBIT decrease to -8.9 million Euro indicates additional
savings in functional costs. The net loss for the quarter came to
-6.1 million Euro (Q1 2008: net income of 2.8 million Euro).

"Worldwide demand for new cars is still weak despite isolated schemes
in some countries. A reliable forecast for the second half of the
year is not possible at the moment. However, there are first
indications of a bottom formation of the market", says Dr. Anton
Mindl, CEO of ELMOS Semiconductor AG.

The cost saving measures initiated already in fall 2008 show first
results in the course of the first quarter 2009. Due to these
extensive measures much more than 10 million Euro will be saved
altogether in 2009.

The amount of cash and cash equivalents is virtually unchanged
(3/31/2009: 42.0 million Euro vs. 12/31/2008: 42.5 million Euro). The
equity ratio of 69.3% also keeps up its high level (12/31/2008:
68.5%). In addition, ELMOS achieved a positive cash flow from
operating activities of 0.7 million Euro (Q1 2008: 0.4 million Euro)
despite the negative result and the sharp setback in sales. The free
cash flow was also much improved because of lower capital
expenditures (Q1 2009: -1.0 million Euro vs. Q1 2008: -6.6 million
Euro).

"Maintaining our balance sheet strength and liquidity in this
difficult environment continues to be an objective of prime
importance", Mindl concludes. "This basis makes it possible for us to
keep investing in our future projects with high commitment. A large
number of new projects support us in our product and market
offensive."

The complete 3-month report is available in German and English at
www.elmos.de. On April 29, 2009 at 11:00 a.m. (CEST), ELMOS will hold
a conference call (in English) for analysts and investors. The
conference call will later be downloadable from the company website.
Overview of financial figures Q1/09 according to IFRS:

+-------------------------------------------------------------------+
| in million Euro or percent, unless | Q1/09 | Q1/08 | Diff. |
| otherwise indicated | | | |
|------------------------------------------+-------+-------+--------|
| Sales | 22.6 | 44.2 | -48.9% |
|------------------------------------------+-------+-------+--------|
| Gross profit | 4.7 | 18.9 | -75.3% |
|------------------------------------------+-------+-------+--------|
| Operating income | -8.5 | 4.1 | n/a |
|------------------------------------------+-------+-------+--------|
| EBIT | -8.9 | 4.1 | n/a |
|------------------------------------------+-------+-------+--------|
| Net income for the period | -6.1 | 2.8 | n/a |
|------------------------------------------+-------+-------+--------|
| EPS (Euro) | -0.32 | 0.14 | n/a |
+-------------------------------------------------------------------+

ELMOS Semiconductor AG is a producer and developer of system
solutions on semiconductor basis. For 25 years, roughly 90% of sales
have been generated with chips for automotive electronics.

ELMOS Semiconductor AG
Janina Rosenbaum
Heinrich-Hertz-Str. 1
44227 Dortmund
Germany
Phone +49 231-75 49-0
Extension -287
Fax +49 231-75 49-548
info@elmos.de
www.elmos.de

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ELMOS Semiconductor AG
Heinrich-Hertz-Strasse 1 Dortmund
Deutschland

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