Q1 2020 Elmos Semiconductor AG Earnings Call Transcript
Good morning, ladies and gentlemen. And welcome to the Elmos Semiconductor AG conference call on the first quarter results 2020. (Operator Instructions) Let me now turn the floor over to your hosts, Dr. Anton Mindl, CEO; and Dr. Arne Schneider, CFO. Thank you.
Okay. Thanks. Good morning, ladies and gentlemen. Warm welcome from my side as well for our conference call on the Q1 2020. Also available, as you've heard already in the introduction, to answer your questions today following my introduction is our CFO, Dr. Arne Schneider.
I will start with an overview on the development of the first quarter. As a summary, I can assert that the quarter and the report turned out as expected. We recorded a sales growth of 3.3% versus the prior year quarter, resulting in sales of EUR 64.2 million. Just for the sake of clarity, we, of course, compare our results against the continuing operations in order to account for the sale of our subsidiary, SMI, which took place as of end of Q3 2019.
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