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austriamicrosystems AG

euro adhoc: austriamicrosystems AG
quarterly or semiannual financial statement / austriamicrosystems reports solid second quarter and first six months 2007, sees slower growth and profitability profile for full year 2007

Unterpremstaetten, Austria (July 23, 2007) -

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
Key financial data for the second quarter and first six months of 
(SWX: AMS), a leading global designer and manufacturer of analog ICs 
for communications, industrial, medical and automotive applications, 
reports solid results for the second quarter and first half year 
2007. The first six months of 2007 reflect effects from expected 
product transitions as well as customer ramp-up and order patterns, 
with the second quarter and first half year 2007 showing a restrained
development of revenues, operating profit and net income, compared to
last year.
Consolidated group revenues in the second quarter 2007 reached EUR 
43.9 million, compared to EUR 45.9 million for the same quarter 2006.
Group revenues for the first six months 2007 reached EUR 83.3 
million, slightly below the EUR 84.6 million recorded in the first 
half 2006. The restrained revenue development in the second quarter 
and first half year resulted from certain slower than expected 
ramp-up activities and delays in continuing order patterns, mainly in
the communications business, which were not fully compensated by 
positive developments across a range of areas in austriamicrosystems'
industrial, communications and automotive markets.
In the second quarter, gross margin reached almost 50% compared to 
47% in the same quarter last year, driven by positive product mix 
effects and improvements in our manufacturing costs. For the first 
half of 2007, gross margin reached 49%, an increase of three 
percentage points from 46% in the same period 2006. Taking into 
account expected R&D costs for important platform developments, the 
result from operations (EBIT) for the second quarter was EUR 4.3 
million, decreasing by EUR 1.8 million from EUR 6.1 million in the 
second quarter last year. The result from operations (EBIT) for the 
first half-year 2007 was EUR 8.0 million compared to EUR 10.4 million
in the same period last year.
Net income for the second quarter 2007 was EUR 4.1 million compared 
to EUR 5.7 million in the same period last year. Earnings per share 
for the second quarter were CHF 0.62 / EUR 0.38 (basic and diluted). 
Net income for the first half 2007 was EUR 7.6 million (CHF 1.15 / 
EUR 0.70 per share), compared to EUR 9.6 million (CHF 1.37 / EUR 0.87
per share) for the same period last year. Total backlog reached EUR 
54.5 million on June 30, 2007, compared to EUR 54.2 million at the 
end of the first quarter and EUR 64.6 million on June 30, 2006.
austriamicrosystems' business performance in the second quarter and 
first half- year confirms its attractive market position in high 
performance analog semiconductors. In the communications business, 
austriamicrosystems remains strongly positioned in advanced 
integrated power management for mobile devices. Its lighting 
management business is growing strongly as SonyEricsson continues to 
announce and introduce handset models incorporating advanced lighting
management solutions. Global handset leader Nokia just released the 
first two handset models - the 6120 and 6121 - using 
austriamicrosystems' high performance LED camera flash solutions. 
Both OEMs are expected to announce additional high volume handset 
models with austriamicrosystems' lighting management and other 
products over the course of 2007 and well into 2008.
In mobile entertainment, austriamicrosystems continues to be 
successful with its market-proven integrated audio and power 
management ICs as well as complete system solutions for high quality 
personal media players and related devices. New product generations 
in this product area will offer significantly lower power 
consumption, even higher audio quality and improved processing 
austriamicrosystems' industrial and medical business continued to 
deliver very positive results given attractive demand for its 
industrial automation, sensor interface, encoder and healthcare IC 
solutions from important OEMs worldwide. austriamicrosystems 
continues to expand its product portfolio in these areas, leveraging 
its extensive sensor interface expertise. In the automotive market, 
austriamicrosystems experiences good demand for its sensor 
interfaces, car access and position measurement devices with leading 
global automotive suppliers relying on its complex automotive sensor 
austriamicrosystems' foundry segment showed continued attractive 
performance serving a range of high quality customers with clear 
focus on specialty process technologies such as High Voltage and 
Silicon Germanium. Validating austriamicrosystems' analog process 
expertise, the recently announced development partnership with IBM 
for an advanced 0.18µm analog high voltage technology includes IBM 
licensing the high voltage process technology from 
Looking forward, austriamicrosystems continues to be very well 
positioned in its target markets. However, due to lower order and 
revenue expectations for select customers and the continuing strength
of the Euro, austriamicrosystems now expects full year revenue growth
for 2007 to be around 5% compared to last year, based on currently 
available information. Full year gross margin for 2007 is anticipated
to improve meaningfully over last year. Intending to maintain its 
strong investment in R&D as a foundation for future growth, 
austriamicrosystems as a result expects full year earnings for 2007 
to show a flat to slightly negative development compared to last 
The complete half-year report 2007 including detailed financial 
information is available on austriamicrosystems' website under
About austriamicrosystems austriamicrosystems is a leading designer 
and manufacturer of high performance analog ICs, combining more than 
25 years of analog design capabilities and system know-how with its 
own state-of-the-art manufacturing and test facilities. 
austriamicrosystems leverages its expertise in low power and high 
accuracy to provide industry-leading customized and standard analog 
products. Operating worldwide with more than 1,000 employees, 
austriamicrosystems focuses on the areas of power management, sensors
& sensor interfaces, portable audio and car access in its markets 
Communications, Industry & Medical and Automotive, complemented by 
its Full Service Foundry activities. austriamicrosystems is listed on
the SWX Swiss Exchange in Zurich (ticker symbol: AMS). For more 
information, please visit the web site at
end of announcement                               euro adhoc 23.07.2007 18:00:00

Further inquiry note:

Moritz M. Gmeiner
Director Investor Relations
Tel: +43 3136 500-5970
Fax: +43 3136 500-5420

Branche: Technology
ISIN: AT0000920863
WKN: 632638
Börsen: SWX Swiss Exchange / official dealing

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