EANS-Adhoc: austriamicrosystems AG austriamicrosystems reports first quarter
results
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announcement.
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3-month report
23.04.2012
Key financial data for the first quarter 2012
Unterpremstaetten, Austria (April 23, 2012) austriamicrosystems (SIX: AMS), a
leading worldwide designer and manufacturer of high performance analog ICs for
consumer & communications, industry & medical and automotive applications,
recorded revenue and earnings growth in the first quarter of 2012 driven by the
strong market success of its high performance analog portfolio and continued
growth in its consumer & communications business. Increasing its 2012 guidance
again, austriamicrosystems now expects full year revenue growth to exceed 30%
compared to 2011, together with faster earnings growth.
First quarter group revenues grew to EUR 90.7 million, up 64% compared to the
same quarter 2011 (60% in constant currency terms) and 12% quarter-on-quarter.
Gross margin was 53% excluding acquisition-related amortization and 51%
including acquisition-related amortization, compared to 51% in the first quarter
2011.
The result from operations (EBIT) for the first quarter increased to EUR 18.3
million, up 125% from EUR 8.2 million in the same period 2011. The first quarter
net result was EUR 19.2 million compared to EUR 7.4 million in the same period
2011 and basic / diluted earnings per share were CHF 1.81 / 1.75 or EUR 1.50 /
1.46 (CHF 0.94 / 0.92 and EUR 0.73 / 0.71 in the first quarter 2011). Total
backlog (excluding consignment stock agreements) was EUR 100.5 million on March
31, 2012 (EUR 90.0 million on December 31, 2011 and EUR 69.4 million on March
31, 2011). Operating cash flow increased to EUR 24.6 million compared to EUR
14.6 million in the first quarter 2011.
austriamicrosystems´ business showed a strong performance in the first quarter
underscoring the excellence of the company´s product portfolio and its expanding
market reach in high performance analog. In Consumer & Communications
austriamicrosystems is experiencing ongoing strong growth in smartphone and
tablet PC applications which shows no signs of deceleration.
austriamicrosystems´ light sensor products are shipping in high volumes to
leading OEMs for globally successful platforms and models. New accounts started
to have a positive impact in this product area with shipment volumes increasing
at a quickening pace. MEMS microphone ICs continue their expansion in the
current year while the company´s Wireless business for RFID and related
technologies shows dynamic growth from innovative applications.
In its Industry & Medical business austriamicrosystems is starting to see an
improvement in industrial customers´ order activity based on a brightening end
market outlook. In Medical, shipment volumes for the company´s industry-leading
high performance imaging sensor solutions continued to grow in the quarter.
austriamicrosystems´ Automotive business recorded expanding run rates for
advanced sensor interfaces and sensors in safety applications for major systems
suppliers. Overall, design activity and wins show a strongly positive trend at
both, direct OEM accounts and the company´s quickly growing worldwide
distribution customer base.
Based on currently available information, austriamicrosystems increases its 2012
revenue guidance again and now expects full year revenue growth to exceed 30%
compared to 2011 together with a faster growth in earnings. austriamicrosystems
sees positive demand momentum across markets and a continued expansion of its
business in the fast-growing markets for smartphones, tablet PCs, and other
mobile devices.
The complete first quarter report 2012 including detailed financial information
is available on austriamicrosystems´ website under
http://www.austriamicrosystems.com/eng/Investor/Financial-Reports
About austriamicrosystems
austriamicrosystems is a leading designer and manufacturer of high performance
analog ICs, combining over 30 years of analog design know-how with
state-of-the-art manufacturing and test facilities and production partnerships.
austriamicrosystems leverages its expertise in low power and high accuracy to
provide industry-leading standard and customized analog products. Operating
worldwide with more than 1,200 employees, austriamicrosystems focuses on the
areas of sensors & sensor interfaces, power management and mobile infotainment
in its markets Consumer & Communications, Industry & Medical and Automotive.
Through the combination with TAOS, a world leader in advanced light sensors,
austriamicrosystems has expanded its innovative sensor offering for growth
markets such as mobile devices. austriamicrosystems is listed on the SIX Swiss
Exchange in Zurich (ticker: AMS). For more information, please visit
www.austriamicrosystems.com.
Further inquiry note:
Moritz M. Gmeiner
Director Investor Relations
Tel: +43 3136 500-5970
Fax: +43 3136 500-5420
Email: investor@austriamicrosystems.com
end of announcement euro adhoc
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issuer: austriamicrosystems AG
Schloß Premstaetten
A-8141 Unterpremstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-5420
mail: investor@austriamicrosystems.com
WWW: www.austriamicrosystems.com
sector: Technology
ISIN: AT0000920863
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English