ams AG / ams updates fourth quarter 2018 outlook; discontinues previous reference to specific time periods for growth and profitability targets; expects annual double-digit revenue growth ...

14.11.2018, 2969 Zeichen
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
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Premstaetten - (PR title cont'd) ... for the coming years
Premstaetten, Austria (14 November 2018) -- ams (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, updates its fourth quarter 2018 outlook due to recent demand changes from a major consumer customer. As a consequence of the changes in customer demand, ams now expects fourth quarter revenues of USD 480-520 million, a sequential increase from the third quarter, based on current information. The adjusted operating margin for the fourth quarter (excluding acquisition-based and share-based compensation costs) is now expected to reach the low to mid-teens percentage range. ams continues to expect strong cash flow generation and a meaningful free cash flow (FCF) in the fourth quarter supporting its balance sheet structure.
ams sees increasing volatility in consumer customers' demand patterns and related business planning which is not expected to decline. As a consequence, ams discontinues the previous reference to specific time periods for its mid- term targets for growth and profitability. ams continues to target further revenue growth and strong profitability and confirms a full multi-year product and design pipeline. ams therefore expects annual double-digit revenue growth for the coming years with an expansion of the adjusted operating margin towards ams' target of 30%.
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About ams ams is a global leader in the design and manufacture of advanced sensor solutions. Our mission is to shape the world with sensor solutions by providing a seamless interface between humans and technology. ams' high-performance sensor solutions drive applications requiring small form factor, low power, highest sensitivity and multi-sensor integration. Products include sensor solutions, sensor ICs, interfaces and related software for consumer, communications, industrial, medical, and automotive markets. With headquarters in Austria, ams employs about 10,000 people globally and serves more than 8,000 customers worldwide. ams is listed on the SIX Swiss stock exchange (ticker symbol: AMS). More information about ams can be found at www.ams.com
Join ams social media channels: >Twitter https://twitter.com/amsAnalog >LinkedIn [https://www.linkedin.com/ company/ams-ag] >Facebook https://www.facebook.com/amsAnalog >YouTube [... /www.youtube.com/user/amsAnalog]
end of announcement euro adhoc
issuer: ams AG Tobelbader Strasse 30 A-8141 Premstaetten phone: +43 3136 500-0 FAX: +43 3136 500-931211 mail: investor@ams.com WWW: www.ams.com ISIN: AT0000A18XM4 indexes: stockmarkets: SIX Swiss Exchange language: English
Digital press kit: http://www.ots.at/pressemappe/2901/aom

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