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euro adhoc: Financial Figures/Balance Sheet / austriamicrosystems reports solid revenue growth and record profitability for fiscal year 2006, expects further business expansion in 2007

Geschrieben am 20-02-2007


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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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annual report

20.02.2007

Detailed results for fiscal year 2006 and fourth quarter 2006

Unterpremstaetten, Austria (February 20, 2007) - austriamicrosystems
(SWX: AMS), a leading worldwide designer and manufacturer of high
performance analog ICs for communications, industry & medical and
automotive applications, showed solid revenue growth and record
profitability in the fiscal year 2006 and particularly the fourth
quarter 2006. The positive business development in the last fiscal
year was due to the market success of austriamicrosystems' power and
lighting management, mobile entertainment, car access, sensor and
sensor interface solutions.

Financials

austriamicrosystems continued to grow revenues, gross margins and
earnings in 2006. Group revenues for fiscal year 2006 reached EUR
196.4 million, increasing by EUR 18.0 million or 10.1% compared to
the previous year. Revenues for the fourth quarter 2006 were EUR 62.0
million, an increase of 9.8% or EUR 5.6 million compared to the same
quarter 2005. Among other factors, EUR/USD exchange rate movements in
the fourth quarter 2006 negatively influenced revenue growth in this
seasonally strong quarter and for the full year. Gross margin for
full year 2006 reached a record 48%, up 3 percentage points from 45%
for the previous year. In the fourth quarter 2006, gross margins
reached 50%, compared to 46% in the same period 2005, demonstrating
the strength of austriamicrosystems' business model and its
successful further development.

The group result from operations (EBIT) according to IFRS for 2006
grew by 28% to EUR 33.4 million or 17% of revenues (2005: 15% of
revenues). This EUR 7.3 million increase from full year 2005 was
mainly driven by the improvement in gross margins. The group result
from operations for the fourth quarter 2006 rose by 31% to EUR 14.8
million, an increase of EUR 3.5 million from EUR 11.3 million in the
same period 2005.

Net income for the fiscal year 2006 reached EUR 31.7 million, an
increase of EUR 8.6 million or 37% from EUR 23.1 million in the
previous year. Basic and diluted earnings per share for the fiscal
year 2006 were CHF 4.59 / EUR 2.91 (2005: CHF 3.26 / EUR 2.10). Net
income for the fourth quarter 2006 was EUR 14.2 million, an increase
of EUR 3.4 million compared to the same period 2005.

Cash flow from operations continued to be strong in fiscal year 2006,
reaching EUR 42.4 million, an increase of EUR 1.0 million compared to
2005. Capital expenditures for 2006 were EUR 24.3 million, driven by
the expansion of wafer fab and test operations and the opening of the
new test facility in Asia. Total backlog reached EUR 55.2 million at
year-end 2006 compared to EUR 54.2 million on December 31, 2005. Cash
and short term investments stood at EUR 22.8 million on December 31,
2006 compared to EUR 22.3 million at the end of 2005. Net debt fell
significantly to EUR 18.1 million on December 31, 2006 from EUR 38.1
million at year-end 2005, given the ongoing repayment of long-term
debt related to the construction of the 200mm wafer fab. The equity
ratio increased further to 58% at year-end 2006 from 54% at the end
of 2005. The average number of employees for the group was 983 for
fiscal year 2006, compared to 856 for the year 2005, and 1,046 for
the fourth quarter 2006.

The strong increase in gross margin in 2006 was driven by cost
benefits from the continuing expansion of the 200mm wafer fab, higher
overall production efficiency and positive developments in the
product mix. austriamicrosystems continued to invest strongly in
research & development including several ongoing platform
developments in the last fiscal year, spending 19% of revenues to
support product roadmaps for future business growth and sustained
technological leadership.

Business

austriamicrosystems' business continued to perform well in the past
fiscal year. Building on its analog design expertise, integration
skills and advanced process technologies, austriamicrosystems
achieved significant market success with existing and new products
across its target markets. Offering highly integrated analog ICs with
outstanding performance was the key growth driver in 2006 and allowed
to strengthen austriamicrosystems' position in the worldwide analog
semiconductor market.

As a leader in low power consumption and high accuracy,
austriamicrosystems launched numerous innovative standard products
and product families in 2006, targeting applications in power
management, sensors & sensor interfaces and mobile entertainment. In
Communications, austriamicrosystems' lighting management expertise
drove important platform wins at Top 5 mobile handset OEMs while its
leading portfolio of portable media player solutions expanded
austriamicrosystems' position in the attractive mobile entertainment
market. Industry & Medical saw strong market success with digital
X-ray and computer tomography solutions and industrial rotary
encoders, complemented by good performance of metering, industrial
automation and personal healthcare. Automotive was mainly driven by
continuing access business and automotive safety solutions.

Demonstrating its technology capabilities and the strength of its
product line- up, austriamicrosystems broadened its customer base in
2006, gaining new accounts and increasing penetration of existing
customers. Asia/Pacific was the key growth region for
austriamicrosystems in 2006 where the sales network was expanded to
support the market and growth opportunities going forward.

The Full Service Foundry business unit is successfully positioned as
a leading analog foundry focused on specialty processes, with new
customer designs in 2006 solely focused on specialty technologies. In
operations, the expansion of austriamicrosystems' state-of-the-art
200mm wafer fab to 8,000 WSPM (wafer starts per month) from 6,500
WSPM was started in fiscal year 2006 and is now nearing completion.
This creates a strong platform to support continuing business growth
as part of austriamicrosystems' manufacturing concept. A second test
center was ramped-up in Asia in 2006, offering additional test
capacity and improving the supply chain, and a new design center
opened in India.

Outlook

austriamicrosystems is well positioned for further growth and
business expansion in its target markets Communications, Industry &
Medical and Automotive. This positive outlook is driven by a strong
and growing portfolio of high performance standard products together
with a broad range of customer- specific solutions.

Focused on bringing innovative products to the global analog
semiconductor market, austriamicrosystems foresees its business to
continue to develop positively in the current fiscal year. Based on
available information, austriamicrosystems expects double-digit
percentage revenue growth for full year 2007 compared to 2006,
accompanied by a further meaningful improvement in margins and
earnings.

Further 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, portable audio 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 symbol: AMS). For more information, please visit the web site
at www.austriamicrosystems.com.


end of announcement euro adhoc 20.02.2007 06:30:00
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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


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