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| (Business News, 07 Aug 2008 ) |
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NXP Semiconductors has announced second quarter sales of USD 1,524 million, a comparable decrease of 1.9% on the second quarter of 2007 and a comparable decrease of 0.6% over the first quarter of 2008, reflecting the continuing softness of the overall market. Adjusted EBITDA in the second quarter was USD 114 million, down from USD 190 million in the second quarter of 2007 and down from USD 183 million in the first quarter of 2008. Adjusted EBITA showed a loss of USD 29 million this quarter compared to a profit of USD 9 million in the same period last year. Although costs were significantly reduced this quarter leading to improved gross margins, the strong negative impact of the weaker dollar, which had an EBIT impact of approximately USD 70 million, offset these gains and led to a decreased EBITA. Outlook
Due to the overall market sentiment we continue to see a relatively flat market. The company expects a year-over-year comparable mid single digit sales decrease, translating into similar sales levels as in the second quarter. The full report is available on NXP website (www.nxp.com/investor). NXP Semiconductors
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