euro adhoc: austriamicrosystems AG / Financial Figures/Balance Sheet / austriamicrosystems records revenues and earnings for fiscal year 2007 below previous year, expects return to growth in 2008

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annual report

19.02.2008

Detailed results for fiscal year 2007 and fourth quarter 2007

Unterpremstaetten, Austria (February 19, 2008) — austriamicrosystems
(SWX: AMS), a leading worldwide designer and manufacturer of high
performance analog ICs for communications, industry & medical and
automotive applications, recorded audited revenues for fiscal year
2007 slightly below the previous fiscal year and below company
expectations. The revenue development was negatively impacted by a
shortfall in austriamicrosystems´ mobile entertainment business and
the continued adverse EUR/USD exchange rate in the second half and
the seasonally strong fourth quarter 2007. austriamicrosystems´ power
and lighting management, car access, sensor and sensor interface
products - which account for the majority of revenues - performed
well in fiscal year 2007.

Financials

Group revenues for fiscal year 2007 reached EUR 193.9 million, 1.3%
or EUR 2.5 million below the previous year´s revenues. Revenues for
the fourth quarter 2007 were EUR 59.5 million, 4.0% or EUR 2.5
million lower than the EUR 62.0 million recorded in the same quarter
2006 but up 16% on a quarter-on-quarter basis.

Gross margin for full year 2007 exceeded 50% for the first time, up
more than two percentage points from 48% for the previous year. The
strong increase in full year gross margin despite a disappointing
revenue development was driven by ongoing cost benefits from the
expansion of the 200mm wafer fab, higher overall production
efficiency and positive changes in the product mix. Gross margin
reached 52% in the fourth quarter 2007 compared to 50% in the same
period 2006, demonstrating the robustness of austriamicrosystems´
business and manufacturing model in a challenging environment.

The IFRS group result from operations (EBIT) for 2007 was EUR 28.0
million or 14% of revenues (2006: 17% of revenues). This decrease of
EUR 5.4 million or 16% compared to full year 2006 was due to the
continuing strong investment in research & development including
several major platforms and the effects of an adverse currency
environment in the second half 2007. Investment in research &
develop¬ment increased by EUR 5.7 million in 2007 compared to 2006,
reaching 22% of revenues to support major design-wins and roadmaps
for future business growth. The group EBIT for the fourth quarter
2007 was EUR 10.9 million, EUR 3.9 million lower than the EUR 14.8
million recorded in the same period 2006.

Net income for the fiscal year 2007 reached EUR 26.3 million, EUR 5.4
million or 17% lower than the EUR 31.7 million in the previous year.
Basic and diluted earnings per share for the fiscal year 2007 were
CHF 3.98 / EUR 2.42 and CHF 3.96 / EUR 2.41 respectively (2006: CHF
4.59 / EUR 2.91 and CHF 4.59 / EUR 2.91). Net income for the fourth
quarter 2007 was EUR 10.1 million, EUR 4.1 million lower than for the
same period 2006.

Mainly due to an increase in work in progress and finished goods
given increasing use of consignment stock models and minimum stock
levels required for standard products, cash flow from operations in
2007 reached EUR 27.0 million (2006: EUR 42.4 million). Capital
expenditures for 2007 were EUR 36.0 million, driven by the completion
of the build-out of the wafer fab and the expansion of the test
facility in Asia. Total backlog reached EUR 41.2 million at year-end
2007 compared to EUR 55.2 million on December 31, 2006. Total backlog
at year-end 2007 does not reflect the increasing use of consignment
stock models and is therefore not fully comparable to the previous
year´s data.

Cash and short term investments stood at EUR 23.1 million on December
31, 2007 compared to EUR 22.8 million at the end of 2006. Net debt
reached EUR 27.1 million on December 31, 2007 increasing from EUR
18.1 million at year-end 2006 due to some short-time financing
activities, in part for the announced acquisition of a minority
shareholding in micro motor specialist New Scale Technologies, with
repayment expected in 2008. The equity ratio increased further to 63%
at year-end 2007 from 58% at the end of 2006. The average number of
employees for the group was 1,071 for fiscal year 2007, compared to
983 for the year 2006, and 1,084 for the fourth quarter 2007, mainly
driven by the expansion of the Asian test facility.

Business

With the exception of Mobile Entertainment, austriamicrosystems´
business areas performed well in the past year. Building on its
analog design expertise, integration skills and advanced
manufacturing, austriamicrosystems was successful with existing and
new products which improved the company´s position in the worldwide
analog semiconductor market.

As a leader in low power consumption, high accuracy and analog
performance, austriamicrosystems launched innovative products and
product families in 2007 with a focus on power and lighting
management, specialty sensors and sensor interfaces. In
Communications, austriamicrosystems ramped several lighting
management products for leading handset OEMs Nokia and SonyEricsson,
reaching substantial volumes and run rates by year-end.
austriamicrosystems was also successful in mobile entertainment
despite the revenue shortfall, completing the development of its new
product generation and supplying system solutions and power
management & audio ICs in high volumes.

Industry & Medical had another successful year with attractive growth
in digital X-ray components, industrial rotary encoders and
specialized sensor interfaces, complemented by strong business in
industrial automation and control. Automotive showed a very positive
development, driven by sensor interfaces for automotive safety
systems, a new product ramp-up for position measurement and
continuing access business.

Demonstrating the strength of its product portfolio,
austriamicrosystems broadened its customer base in 2007, gaining new
accounts and increasing penetration of existing customers.
Asia/Pacific was again a key region for austriamicrosystems in 2007,
particularly for Communications products. The Full Service Foundry
business unit enhanced its position as a leading analog foundry
focused on specialty processes, driving margins as customer
conversion to specialty technologies continues.

In operations, the expansion of austriamicrosystems´ state-of-the-art
200mm wafer fab to 8,000 WSPM (wafer starts per month) was completed
in 2007, resulting in cost and efficiency benefits which continue to
provide positive gross margin effects. The second test center in Asia
was expanded further last year offering supply chain and cost
advantages. Validating austriamicrosystems´ world class process
expertise, a strategic cooperation with IBM for a new High Voltage
process at the 0.18µm node was started in 2007. As part of
austriamicrosystems´ manufacturing concept this partnership also
provides access to additional production capacity.

Outlook

With its growing portfolio of high performance standard products and
customer-specific solutions for leading OEMs, austriamicrosystems is
well positioned in its target markets Communications, Industry &
Medical and Automotive. austriamicrosystems foresees its business to
develop positively in the current year taking advantage of a strong
product line-up and deepening customer relationships.

Based on available information, austriamicrosystems expects to return
to growth in 2008 and to record a substantial increase in revenues
and earnings for full year 2008 compared to 2007, with growth
concentrated in the second half of the year.

Detailed financial information 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 25 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 1,000 employees, austriamicrosystems focuses on the areas
of power management, sensors & sensor interfaces, mobile
entertainment and car access in its markets Communications, Industry
& Medical and Automotive, complemented by its Full Service Foundry
activities. austriamicrosystems is listed on the SWX Swiss Exchange
in Zurich (ticker: AMS). For more information, please visit
www.austriamicrosystems.com.

end of announcement euro adhoc
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ots Originaltext: austriamicrosystems AG
Im Internet recherchierbar: http://www.presseportal.de

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
Börsen: SWX Swiss Exchange / official dealing