STMicroelectronics N.V.
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Publicatie datum
30 jan 2013 - 23:59
Statutaire naam
STMicroelectronics N.V.
Titel
STMicroelectronics Reports 2012 Fourth Quarter and Full Year Financial Results
Bericht
Fourth quarter net revenues at $2.16 billion; above the midpoint of guidance
· Net financial position* at $1.19 billion; up from 2011 despite challenging environment
· Fourth quarter impairment charge of $544 million for Wireless goodwill and other intangible
assets
Geneva, January 30, 2013 - STMicroelectronics (NYSE: STM) reported financial results for the fourth
quarter and full year ended December 31, 2012.
Fourth quarter net revenues totaled $2.16 billion and gross margin was 32.3%. Net loss attributable to
parent company was $428 million, mainly due to a charge of $544 million for the impairment of
Wireless goodwill and other intangible assets following the Company’s decision to exit the
ST-Ericsson joint venture after the communicated transition period as part of the Company’s new
strategic plan announced on December 10, 2012.
President and CEO Carlo Bozotti commented, “In the fourth quarter, both revenue and gross
margin results came in above the midpoint of our guidance despite the ongoing softness in
the semiconductor market. We extended our leadership in key areas. Thanks to new product
momentum, revenues from our wholly-owned businesses increased 0.2% and 1.6% on a
sequential and year-ago basis driven by a very strong ramp of our MEMS products in the
fourth quarter.
“Looking at 2012 overall, we improved our net financial position compared to 2011 despite the
significant cash used by ST-Ericsson as well as the impact of weak business conditions. We
were able to end the year with significant financial flexibility and strong cash balances while
providing shareholders with the same level of dividend compared to 2011.
“Important decisions were made in 2012 that are shaping a new, more focused, higherperforming
ST. In December, we announced our new strategic plan targeting leadership in two
product segments: Sense & Power and Automotive Products and Embedded Processing
Solutions. This new strategy includes a sharper focus on five growth drivers: MEMS and
sensor
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