DGAP-Adhoc: Dialog Semiconductor Plc.: Dialog Semiconductor Withdraws Its Outlook for the Full Year 2020

DGAP-Ad-hoc: Dialog Semiconductor Plc. / Key word(s): Miscellaneous 
DIALOG SEMICONDUCTOR WITHDRAWS ITS OUTLOOK FOR THE FULL YEAR 2020 
 
01-May-2020 / 19:42 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*London, UK, 1 May 2020* - Dialog Semiconductor Plc (XETRA: DLG) withdraws 
its outlook for the full year 2020 due to lack of visibility for the second 
half of the year. 
 
On 4 March 2020, Dialog indicated that for FY 2020, revenue excluding its 
licensed main PMICs was expected to grow in the approximately mid teens 
percentage range and total Group revenue was expected to be second half 
weighted with declining revenue from legacy licensed main PMICs. 
Additionally, the Company expected, total Group revenue for FY 2020 to 
decline from FY 2019 US$1,420 million in approximately the mid teens 
percentage point range, excluding any revenue from the announced acquisition 
of Adesto Technologies Corporation. Based on this revenue, in FY 2020 Dialog 
anticipated underlying1 gross margin to continue on a gradual upward trend. 
The March outlook assumed a return to normal for supply chain and contract 
manufacturers by Q2 2020. 
 
Although the situation of our supply chain and contract manufacturers is 
close to being fully operational, and the level of customer engagements 
continues as planned, the ongoing economic uncertainty caused by the 
COVID-19 pandemic is resulting in lower than usual visibility in our outlook 
for the second half of the year. Due to this, we are withdrawing the FY 2020 
outlook communicated on 4 March 2020. 
 
Our fabless business model and the strength of our balance sheet provide us 
with financial resilience and operational flexibility to successfully 
navigate the current circumstances. We remain confident in our structural 
growth prospects as we build a more diverse mixed-signal business with a 
balanced market exposure, focused in high-growth segments of our target end 
markets. 
 
The Company will publish its results for the quarter ended 27 March 2020 on 
6 May 2020. 
 
*** 
 
1. Underlying measures of performance quoted in this announcement are 
non-IFRS measures. Our use of underlying measures is explained on pages 183 
to 189 of our 2019 Annual Report and Accounts. Reconciliations of the 
underlying measures to the nearest equivalent IFRS measures will be 
presented in our Q1 2020 Interim Report. 
 
Contact: 
Jose Cano 
Director, Investor Relations 
[e-mail] 
[phone] 
Information and Explanation of the Issuer to this News: 
 
*For further information please contact: * 
 
*Dialog Semiconductor* 
*Jose Cano * 
Head of Investor Relations 
T: [phone] 
[e-mail] 
*FTI Consulting* *London* 
Matt Dixon 
T: [phone] 
[e-mail] 
*FTI Consulting Frankfurt* 
Anja Meusel 
T: [phone] 
[e-mail] 
 
*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 2019, it had approximately $1.4 billion in revenue. It 
currently has approximately 2,000 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 [1]. 
 
*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. 
 
01-May-2020 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Dialog Semiconductor Plc. 
             Tower Bridge House, St. Katharine's Way 
             E1W 1AA London 
             United Kingdom 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.dialog-semiconductor.com 
ISIN:        GB0059822006 
WKN:         927200 
Indices:     MDAX, TecDAX 
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated 
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, 
             Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 1034919 
 
End of Announcement DGAP News Service 
 
1034919 01-May-2020 CET/CEST 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=05a2d53650825c5d0ec657805ab88da2&application_id=1034919&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

May 01, 2020 13:42 ET (17:42 GMT)