25.04.2016,
7607 Zeichen
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.
Financial Figures/Balance Sheet/3-month report 25.04.2016
Key financial data for first quarter 2016
Premstaetten, Austria (25 April 2016) - ams (SIX: AMS), a leading worldwide
manufacturer of high performance sensor and analog solutions, reports positive
first quarter results in a demanding market environment with revenues of EUR
137.2 million near the upper end of the guidance range and a gross margin of
57%. For the second quarter 2016, ams sees increased end market and
macroeconomic uncertainty and expects flattish revenues of EUR 127-134 million
including negative revenue effects from the deterioration of the USD/EUR
exchange rate.
First quarter group revenues were EUR 137.2 million, decreasing 11%
year-on-year from EUR 153.3 million in the same quarter 2015 and decreasing 7%
quarter-on-quarter. On a constant currency basis, first quarter revenues were
11% lower when compared to the first quarter last year.
In the first quarter, gross margin excluding acquisition-related and
share-based compensation costs remained unchanged from the previous quarter at
57% compared to 56% in the same quarter 2015. Gross margin excluding
acquisition-related costs was 56%, unchanged from the same quarter 2015, while
IFRS reported gross margin (including acquisition-related and share-based
compensation costs) was 54%, unchanged from the same quarter 2015.
The result from operations (EBIT) excluding acquisition-related and
share-based compensation costs for the first quarter was EUR 28.2 million or
21% of revenues, down from EUR 43.4 million in first quarter 2015. The result
from operations (EBIT) excluding acquisition-related costs was EUR 26.0 million
or 19% of revenues, down from EUR 42.1 million in the same period 2015, while
the IFRS reported EBIT (including acquisition-related and share-based
compensation costs) was EUR 19.7 million or 14% of revenues, down from EUR 38.2
million in the same period 2015. This expected development includes effects
from a higher run rate of R&D costs following the acquisition of CMOSIS. The
net result for the first quarter was EUR 13.6 million compared to EUR 42.2
million in the same period 2015. Basic and diluted earnings per share were CHF
0.22/0.21 or EUR 0.20/0.19 based on 68,667,002/70,932,874 shares
(basic/diluted; weighted average) compared to CHF 0.65/0.62 or EUR 0.62/0.59
for the first quarter 2015 based on 68,638,875/71,483,195 shares
(basic/diluted; weighted average).
Operating cash flow for the first quarter was EUR 7.5 million, down from EUR
38.5 million in the first quarter last year. Total backlog on March 31, 2016
(excluding consignment stock agreements) was EUR 126.2 million with current
backlog on a comparable level, compared to EUR 119.4 million at the end of the
fourth quarter 2015 and EUR 150.7 million on March 31, 2015.
ams' business showed an attractive performance in the first quarter of 2016
despite softness in the smartphone and consumer market which noticeably
exceeded typical seasonality, general seasonal effects, and volatile customer
behavior. ams' consumer and communications product lines remained the most
important driver of the company's business development with ams' light sensor
business as the largest overall revenue contributor. For its portfolio of
intelligent light sensors ams continued to see high volume shipments to leading
consumer and smartphone OEMs including support for newly released customer
devices. This includes high performance ambient light sensing and ams' gesture
sensor solution combining gesture recognition with RGB color, proximity
sensing, and other functions, shipping at attractive run rates. The current
subdued demand environment in the consumer end market also influenced other
consumer and communications product areas including audio and wireless
solutions. Nevertheless, shipments of ams' products continued at high volumes
supporting leading vendors' devices.
ams' industrial, medical, and automotive businesses saw good results in the
first quarter supported by their broad product portfolios. In ams' industrial
end markets, the company is an important player in precision sensor and sensor
interface solutions offering high sensitivity and analog performance. Supplying
a customer base of leading industrial OEMs, ams' products play a key role in a
wide range of applications in position sensing and automation.
In the quarter, ams began sample shipments for its range of new
environmental sensor products to industrial customers as planned. Given the
advantages of full CMOS-based integration of temperature, relative humidity,
and pressure sensing, ams expects this innovative product area to drive
significant growth opportunities from 2017 onwards. ams' medical business
remained stable with its focus on digital imaging sensor solutions for advanced
computed tomography (CT), digital X-ray, and mammography.
Providing high value sensor and sensor interface solutions, ams' automotive
business also performed to expectations in the quarter. ams' automotive sensor
expertise supports a broad range of expanding applications including advanced
driver assistance LIDAR, position sensing, and level and chassis control.
For the second quarter 2016, ams sees ongoing volatility in demand patterns
as well as in customer and supply chain behavior in the consumer market. End
market and macroeconomic uncertainties are starting to spread beyond the
consumer market into industrial automation for China end markets creating an
unfavorable dynamic. In addition, the development of the USD/EUR exchange rate
is expected to result in a negative quarter-on-quarter revenue effect. Based on
available information and a USD/EUR exchange rate of 1.13, ams expects second
quarter revenue development to be flattish translating into expected revenues
of EUR 127-134 million which reflects the deterioration of the USD/EUR exchange
rate compared to the first quarter.
At the same time, ams anticipates gross margin for the second quarter
excluding acquisition-based and share-based compensation costs to remain on a
level comparable to the first quarter. Operating margin excluding
acquisition-based and share-based compensation costs is expected to be around
17-19% reflecting the higher run rate of R&D costs for large-scale development
projects across end markets including acquisitions.
Despite these short-term influences ams confirms its 2019 organic revenue
goal of EUR 1bn based on the company's leading position in sensor solutions,
strong customer relationships, and major opportunities for revenue and earnings
growth over the coming years. In this context, ams continues to evaluate
complementary strategic transactions and additions to its sensor technologies
portfolio to help accelerate the implementation of its strategy.
Additional financial information for the first quarter 2016 is available on
the company website at www.ams.com/eng/Investor/Financial-Reports.
Concurrently, ams has published the Annual Report 2015 which is also available
on the company website at www.ams.com/eng/Investor/Financial-Reports .
end of announcement euro adhoc
issuer: ams AG
Tobelbader Strasse 30
A-8141 Unterpremstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
sector: Technology
ISIN: AT0000A18XM4
indexes:
stockmarkets: official dealing: SIX Swiss Exchange language: English
Digital press kit: http://www.ots.at/pressemappe/EASY_2901/aom
BSN Podcasts
Christian Drastil: Wiener Börse Plausch
Börsepeople im Podcast S13/21: Harald Steinbichler
AMS
Akt. Indikation: 1.37 / 1.40
Uhrzeit: 19:03:37
Veränderung zu letztem SK: 0.25%
Letzter SK: 1.38 ( -0.22%)
Bildnachweis
1.
Positive Ergebnisse für AMS, Seite 1/4, komplettes Dokument unter http://boerse-social.com/static/uploads/file_425_positive_ergebnisse_fur_ams.pdf
>> Öffnen auf photaq.com
Aktien auf dem Radar:Amag, Agrana, RHI Magnesita, Austriacard Holdings AG, Flughafen Wien, Addiko Bank, Rosgix, ATX, ATX Prime, ATX TR, Wienerberger, Bawag, AT&S, Österreichische Post, Palfinger, Semperit, Cleen Energy, Pierer Mobility, UBM, Wiener Privatbank, Oberbank AG Stamm, CA Immo, Erste Group, EVN, Immofinanz, Telekom Austria, Uniqa, VIG, Symrise, Siemens Healthineers, BMW.
Rosenbauer
Rosenbauer ist weltweit der führende Hersteller für Feuerwehrtechnik im abwehrenden Brand- und Katastrophenschutz. Als Vollsortimenter bietet Rosenbauer der Feuerwehr kommunale Löschfahrzeuge, Drehleitern, Hubrettungsbühnen, Flughafenfahrzeuge, Industriefahrzeuge, Sonderfahrzeuge, Löschsysteme, Feuerwehrausrüstung, stationäre Löschanlagen und im Bereich Telematik Lösungen für Fahrzeugmanagement und Einsatzmanagement.
>> Besuchen Sie 68 weitere Partner auf boerse-social.com/partner
Mehr aktuelle OTS-Meldungen HIER