EANS-Adhoc: austriamicrosystems AG
austriamicrosystems reports first quarter
results
23.04.2012 – 18:02
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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