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austriamicrosystems AG

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Earnings
austriamicrosystems records strong revenue and earnings growth in 2004, expects further growth in 2005

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  The issuer is responsible for the content of this announcement.
16.02.2005
Key financial figures for full year and fourth quarter 2004
Unterpremstaetten, Austria (February 16, 2005) — austriamicrosystems
(SWX: AMS) announces key financial data for the fiscal year 2004 and
fourth quarter 2004.
Financials
austriamicrosystems was able to conclude 2004 very successfully with
strong growth in revenues and earnings. Group revenues for the past
fiscal year achieved a record high of EUR 160.5 million, an increase
of 19.4% (EUR 26.1 million) compared to the previous year. All
business units and geographical regions contributed to this
significant revenue growth. Revenues for the fourth quarter 2004 were
EUR 50.5 million, an increase of 12.2% (EUR 5.5 million) compared to
the same quarter 2003.
Gross margin for the full year 2004 rose to 43%, a considerable
increase from 40% in the previous fiscal year. In the fourth quarter
2004, gross margin reached 44% compared to 45% in the same period
2003. The group result from operations according to IFRS (EBIT) for
the fiscal year 2004 grew strongly to EUR 20.6 million, an increase
of more than 300% (EUR 15.7 million) compared to the previous year.
For the fourth quarter 2004 the result from operations amounted to
EUR 9.4 million, increasing by EUR 7.6 million compared to the same
period 2003.
Net income for the fiscal year 2004 increased significantly to EUR
3.7 million from EUR 0.6 million in the previous year, resulting in
earnings per share for the fiscal year 2004 of CHF 0.56 / EUR 0.36.
Net income for the fourth quarter 2004 was EUR 7.5 million, an
increase of EUR 6.9 million compared to the same period 2003. Net
income for the fiscal year 2004 was impacted by a one-time
extraordinary non-cash adjustment to our deferred tax asset of around
EUR 12 million in the second quarter 2004 required by IFRS to reflect
the lowering of the Austrian corporate tax rate from 34% to 25% from
January 1st, 2005. Excluding the non-cash tax adjustment, net income
for the fiscal year 2004 would have reached EUR 15.8 million,
equivalent to earnings per share of CHF 2.38 / EUR 1.54. Total
backlog stood at EUR 45.3 million on December 31, 2004 compared to
EUR 42.8 million on December 31, 2003.
Business
austriamicrosystems was able to further strengthen its position in
the worldwide analog semiconductor market in the past fiscal year. A
supplier of high performance analog solutions through its business
units Communications, Industry & Medical and Automotive,
austriamicrosystems achieved significant market success with existing
and new products for its expanding global customer base. The positive
development of the company’s business in fiscal year 2004 confirms
austriamicrosystems’ technological leadership in the analog
semiconductor market.
With innovative solutions in the areas of standard products and
customer-specific developments, austriamicrosystems is strongly
positioned in the global analog semiconductor market for further
growth in the focus segments Power Management, Sensors & Sensor
Interfaces and Portable Audio.
Outlook
austriamicrosystems is confident for 2005 and expects its business to
develop positively in the current fiscal year with further growth in
revenues and earnings. Based on currently available information,
austriamicrosystems foresees revenue growth of between 10 and 15% and
substantial growth in earnings for the fiscal year 2005.
austriamicrosystems will present detailed financial information for
the fiscal year 2004 at a press conference and analyst meeting in
Zurich on March 15, 2005.
Further information regarding the austriamicrosystems share is
available on the austriamicrosystems website at
http://www.austriamicrosystems.com/08ir/ir_news_start.htm
About austriamicrosystems
austriamicrosystems is a leading designer and manufacturer of high
performance analog ICs, combining more than 20 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 800 employees, austriamicrosystems focuses on the areas of
power management, sensors & sensor interfaces, portable audio and car
access through its business units Communications, Industry & Medical,
Automotive and Full Service Foundry. austriamicrosystems is listed on
the SWX Swiss Exchange in Zurich (ticker symbol: AMS). For more
information visit www.austriamicrosystems.com
end of announcement                    euro adhoc 16.02.2005 06:58:00 

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
Index:
Börsen: SWX Swiss Exchange / official dealing

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