EANS-Adhoc: austriamicrosystems AG / austriamicrosystems reports third quarter results

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quarterly report

26.10.2009

Key financial data for the third quarter of 2009

Unterpremstaetten, Austria (October 26, 2009) — austriamicrosystems
(SIX: AMS), a leading global designer and manufacturer of high
performance analog ICs for communications, industrial, medical and
automotive applications, reports a solid sequential revenue and
earnings improvement in the third quarter of 2009. Business
conditions improved in the quarter and are expected to remain
positive for the fourth quarter compared to the first half of 2009.

Third quarter 2009 group revenues were EUR 39.5 million, a sequential
quarter-on-quarter increase of 40% and a decrease from EUR 54.0
million in the same quarter 2008. Gross margin was 37%, up 15
percentage points sequentially but down from 51% in the same period
2008. The result from operations (EBIT) for the third quarter
improved sequentially to EUR -0.2 million (EUR 10.0 million in the
third quarter 2008) even taking into account an unfavorable EUR/USD
exchange rate development in the quarter. The third quarter net
result was EUR -0.6 million (EUR 9.4 million in the same period
2008). Basic and diluted earnings per share for the third quarter
were CHF -0.08 / EUR -0.05 (CHF 1.38 / EUR 0.86 in the same period
2008).

Total backlog (excluding consignment stock agreements) on September
30, 2009 was EUR 35.8 million, compared to EUR 45.0 million on
September 30, 2008 and EUR 35.1 million on June 30, 2009. Cash and
short-term investments totaled EUR 43.6 million on September 30,
2009, up from EUR 37.5 million on June 30, 2009. austriamicrosystems
has further untapped credit lines available. Operating cash flow in
the third quarter turned positive to EUR 6.2 million (EUR 17.9
million in the third quarter 2008).

austriamicrosystems´ business showed a strongly improved performance
in the third quarter, particularly in communications where the
company saw increasing run rates and healthier order patterns for
power and lighting management and MEMS microphones. In addition, LCD
TV backlighting shipments continued to increase in the quarter. The
industrial market, however, remains challenging with limited shipment
volumes and subdued demand across most areas, a situation which
austriamicrosystems expects to continue into 2010.
austriamicrosystems´ automotive business showed signs of improvement
in the third quarter despite short-term ordering and continuing low
visibility. These developments enabled better utilization rates in
our production which had a positive effect on gross margins and EBIT.
At the same time, design activities with customers and design-wins
remained robust across our focus areas.

austriamicrosystems completed a strategic minority investment of USD
3.5 million (EUR 2.5 million) for a 30% shareholding in US-based
privately held FlipChip International, a leading provider of IP and
production services for wafer level packaging (WL-CSP), in the third
quarter. This investment ensures optimal access to current and next
generation high-end packaging technology and assembly capacity for
important high volume product lines including advanced handset power
management.

austriamicrosystems expects the improved business conditions to
continue in the fourth quarter, yet visibility remains limited with
choppy and shortened order patterns. Therefore austriamicrosystems
anticipates its business to show a sequentially positive revenue
development in the fourth quarter compared to the third quarter and a
positive cash flow. Based on current information and with the impact
from the difficult market conditions in 2009, austriamicrosystems
expects full year 2009 revenues to exceed EUR 133 million.

The complete third quarter report 2009 including detailed financial
information is available on austriamicrosystems´ website under
http://www.austriamicrosystems.com/eng/Investor/Financial-Reports

Ende der Mitteilung 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: SIX Swiss Exchange / official dealing