euro adhoc: Financial Figures/Balance Sheet
austriamicrosystems pre-announces
preliminary key financial figures for fiscal year 2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
annual report
10.01.2008
Unaudited key financial data for fiscal year 2007
Unterpremstaetten, Austria (January 10, 2008) austriamicrosystems (SWX: AMS), a leading worldwide designer and manufacturer of high performance analog ICs for communications, industry & medical and automotive applications, expects revenues for fiscal year 2007 of EUR 193.9 million based on unaudited information, slightly below the previous fiscal year´s revenues of EUR 196.4 million and below previous company guidance. This unfavorable development is mainly due to mobile entertainment revenues from Asian customers expected in the fourth quarter 2007 which were not realized as anticipated and the impact of the continuing unfavorable EUR/USD exchange rate environment within the fourth quarter 2007. Unaudited revenues grew by more than 16% quarter-on-quarter from the third to the fourth quarter 2007.
Despite the lower full year revenues, the preliminary unaudited gross margin for fiscal year 2007 increased by more than two percentage points to over 50%, up from 48% for fiscal year 2006. Given this revenue impact and based on preliminary unaudited information, austriamicrosystems expects the result from operations or EBIT for fiscal year 2007 to be approximately 10 % below previous company guidance.
Notwithstanding these developments, austriamicrosystems is convinced that its strategic positioning in its target markets is excellent and fully supported by key OEM relationships. austriamicrosystems therefore expects 2008 to be a successful year with substantial growth in revenues and earnings.
Fully audited financial figures for the fourth quarter and fiscal year 2007 will be available on February 19, 2008 as previously announced.
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 www.austriamicrosystems.com.
end of announcement euro adhoc
Further inquiry note:
Moritz M. Gmeiner
Director Investor Relations
Tel: +43 3136 500-5970
Fax: +43 3136 500-5420
Email: investor@austriamicrosystems.com
Branche: Technology
ISIN: AT0000920863
WKN: 632638
Börsen: SWX Swiss Exchange / official dealing