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Austria : Ams reports second quarter revenues and profitability ahead of expectations; expects strong revenue growth and higher profitability in...

August 30, 2014



Austria : Ams reports second quarter revenues and profitability ahead of expectations; expects strong revenue growth and higher profitability in third quarter

Ams, a leading provider of high perfor-mance sensors and analog ICs, reports second quarter 2014 revenues and profitability ahead of expectations with both gross margin and operating profitability (EBIT margin) increasing substantially year-on-year. Based on major product ramp-ups, ams expects strong sequential revenue growth and a further increase in operating profitability in the third quarter 2014.

Second quarter group revenues were EUR 106.3 million, the highest quarterly revenues in the company s history, up 23% sequentially compared to the first quarter and up 17% from EUR 91.2 million in the same quarter 2013. Group revenues for the first half of 2014 were EUR 192.6 million, increasing 9% from EUR 176.1 million recorded in the first half of 2013. On a constant currency basis, second quarter revenues were 20% higher compared to the second quar-ter last year and first half revenues were 13% higher compared to the first half of 2013.

In the second quarter, gross margin also increased to a record level of 57% excluding acquisition-related costs and 55% including acquisition-related costs, compared to 54% and 51% respectively, in the same quarter 2013. For the first half of 2014, gross margin increased to 56% excluding acquisition-related costs and 54% including acquisition-related costs, compared to 54% and 51% respectively, in the first half of 2013.

The result from operations (EBIT) excluding acquisition-related costs for the second quarter was EUR 26.4 million or 25% of revenues, an increase of 127% compared to EUR 11.6 million in the second quarter of 2013. The result from operations (EBIT) including acquisition-related costs for the second quarter was EUR 24.0 million or 23% of revenues, an increase of 164% compared to EUR 9.1 million in the second quarter of 2013. This result reflects ams active operating expense and R&D resource management. For the first half of 2014, the result from operations (EBIT) in-cluding acquisition-related costs was EUR 39.4 million, up 101% from EUR 19.6 million in the same period 2013.

The net result for the second quarter was EUR 22.2 million compared to EUR 9.0 million in the same period last year. Basic and diluted earnings per share for the quarter were CHF 1.99/1.91 or EUR 1.64/1.57 based on 13,564,460/14,166,654 shares (basic/diluted; weighted average) com-pared to CHF 0.83/0.79 or EUR 0.67/0.64 for the second quarter 2013. The net profit for the first half year 2014 was EUR 36.9 million, equivalent to CHF 3.32/3.17 or EUR 2.72/2.60 per share (basic/diluted) based on 13,557,717/14,171,154 shares (basic/diluted; weighted average), com-pared to EUR 18.9 million, i.e. CHF 1.73/1.66 or EUR 1.41/1.35 per share (basic/diluted), for the same period last year.


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Source: TendersInfo (India)


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