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

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quarterly report

26.10.2010

Key financial data for the third quarter of 2010

Unterpremstaetten, Austria (October 26, 2010) — austriamicrosystems
(SIX: AMS), a leading global designer and manufacturer of high
performance analog ICs for consumer, communications, industrial,
medical and automotive applications, reports strong revenue and
earnings growth for the third quarter of 2010 driven by continuing
strength in the company´s product platforms across target markets and
regions. austriamicrosystems expects further revenue growth in the
fourth quarter and therefore raises its full year 2010 revenue
guidance again. For 2011, the company expects attractive full year
growth in revenues and earnings, based on available information.

Third quarter group revenues were EUR 55.7 million, up 41% from EUR
39.5 million in the same quarter 2009 (34% in constant currency
terms). Third quarter revenues increased 8% sequentially compared to
the second quarter. Gross margin for the third quarter increased to
49%, 2 percentage points higher than in the second quarter and up 12
percentage points compared to the same quarter 2009.

The result from operations (EBIT) for the third quarter grew strongly
to EUR 9.2 million, compared to a loss of EUR 0.2 million in the
third quarter last year. This positive result was mainly due to the
significant increase in gross margin.

The third quarter net result was a profit of EUR 8.0 million compared
to a loss of EUR 0.6 million in the same period 2009. Basic and
diluted earnings per share for the third quarter were CHF 1.04 / EUR
0.78 and CHF 1.02 / EUR 0.77 respectively (CHF -0.08 / EUR -0.05 for
the third quarter 2009). Total backlog (excluding consignment stock
agreements) stood at EUR 75.6 million on September 30, 2010, up from
EUR 35.8 million on September 30, 2009. Operating cash flow for the
third quarter was EUR 17.9 million, up from EUR 6.2 million in the
same quarter 2009, which allowed a reduction of total debt by EUR 10
million.

austriamicrosystems´ business showed a strong performance in the
third quarter based on growth in demand from the company´s target
markets. austriamicrosystems continued to record high run rates for
Consumer & Communications product lines including MEMS microphones,
LCD TV backlighting, portable lighting management and advanced power
management solutions. More and more devices and customers benefit
from the advantages of austriamicrosystems´ small scale ultra low
power designs while new product launches sustained and strengthened
the company´s market position in important areas.

The industrial market delivered strong results and showed a further
increase in delivery rates due to sustained healthy demand from
industrial and healthcare OEMs. Run rates have returned to pre-crisis
levels for austriamicrosystems´ industrial business including the
world´s most diversified and advanced magnetic encoder offering. In
its automotive business, austriamicrosystems saw continued strong run
rates driven by the broad-based end demand fuelling the global
automotive sector. Across focus areas, numerous high value
design-wins confirmed the attractiveness of austriamicrosystems´
product offering building the company´s revenue pipeline for the
coming years. austriamicrosystems´ worldwide manufacturing operations
returned to full, pre-crisis utilization levels driving efficiency
and margins.

austriamicrosystems sees good demand continuing in the fourth quarter
helped by its low exposure to the PC sector. Therefore
austriamicrosystems raises its guidance for 2010 based on expected
revenue growth in the fourth quarter and now expects full year
revenue growth to exceed 50% resulting in a strong increase in EBIT
and net result. austriamicrosystems expects attractive growth in full
year revenues and earnings also for 2011, based on currently
available information. While austriamicrosystems continues to meet
all its customers´ requirements the company sees ongoing structural
capacity tightness in the analog market, a situation
austriamicrosystems expects to persist into the coming year.

The complete third quarter report 2010 including detailed financial
information is available on austriamicrosystems´ website under
http://www.austriamicrosystems.com/eng/Investor/Financial-Reports

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: SIX Swiss Exchange / official dealing