FRANKFURT (dpa-AFX Broker) - The shares of Elmos Semiconductor soared on Thursday. On Xetra, they rose by a good 12 percent to 74.80 euros and led the winners in the small-cap index SDax by a large margin.

The semiconductor company generated earnings before interest and taxes of a good 43 million euros in the final quarter. This was around 15 percent more than analysts had expected on average in their forecasts. One trader said that the market was now betting that the good profitability would continue in the current year and that Elmos would reach the upper end of the target range for margins.

From a technical chart perspective, the shares left the 200-day line as a longer-term trend indicator behind and temporarily rose above the round mark of 75 euros for the first time since the end of last year. In the current financial year, the shares are now back in positive territory after falling in January.

Elmos Semiconductor's competitors had recently given rather cautious outlooks for the current quarter and the current year, citing high inventories as the main reason, the trader noted. These included ON Semiconductor, Melexis and NXP Semiconductor. This had also held back the Elmos share price recently. The market reaction to the company's rather confident outlook was therefore correspondingly strong./bek/nas/stk

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