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

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3-month report

28.04.2011

Key financial data for the first quarter 2011

Unterpremstaetten, Austria (April 28, 2011) — austriamicrosystems
(SIX: AMS), a leading worldwide designer and manufacturer of high
performance analog ICs for consumer & communications, industry &
medical and automotive applications, reports year-on-year revenue and
earnings growth for the first quarter of 2011 driven by robust demand
across target markets. Reiterating its 2011 guidance,
austriamicrosystems expects full year revenue growth of around 10%
together with a faster increase in EBIT and net result.

First quarter group revenues were EUR 55.2 million, up 25% from EUR
44.0 million in the same quarter 2010 (25% in constant currency
terms) and 5% lower quarter-on-quarter. Gross margin for the first
quarter was 51%, 7 percentage points higher than in the same quarter
2010 and unchanged from the previous quarter.

The result from operations (EBIT) for the first quarter grew to EUR
8.2 million, up 165% from EUR 3.1 million in the same period 2010, in
spite of a negative EUR/USD exchange rate trend in the quarter. The
first quarter net result was EUR 7.4 million compared to EUR 2.0
million in the same period 2010. Basic and diluted earnings per share
for the first quarter were CHF 0.94 / CHF 0.92 and EUR 0.73 / EUR
0.71 respectively (CHF 0.29 / CHF 0.29 and EUR 0.20 / EUR 0.20 in the
same period 2010).

Total backlog (excluding consignment stock agreements) stood at EUR
69.4 million on March 31, 2011, up from EUR 65.5 million on March 31,
2010. Operating cash flow increased to EUR 14.6 million, compared to
EUR 8.0 million in the first quarter 2010. This cash flow improvement
resulted in a net cash position of EUR 7.2 million at the end of the
first quarter.

austriamicrosystems´ business performed strongly in the first quarter
with lower quarter-on-quarter revenue seasonality compared to
historic results. This positive development was due to continuing
healthy demand from all markets and geographies. High run rates for
its Consumer & Communications product lines including MEMS microphone
ICs, portable lighting management and power management were again a
key driver for austriamicrosystems´ business in the first quarter.
LED backlighting adoption in LCD TVs also continues its upward trend
in the current year. The company´s Industry & Medical business
recorded another strong quarter with shipment rates into the
industrial market continuing at high levels, very solid order and
design activity worldwide and excellent demand in sensor interfaces
and medical imaging. austriamicrosystems´ Automotive business
continued its positive development based on attractive run rates in
sensor products.

Overall, austriamicrosystems is successfully increasing its market
presence and penetration through direct and distribution sales.
Capacity utilization remains very high; in combination with product
mix improvements this drove the gross margin expansion in the
quarter. Together with the resources at its manufacturing partners
austriamicrosystems´ production model offers clear benefits in
quality and delivery security to the company´s customers.
austriamicrosystems has been deeply saddened by the toll on human
life in Japan. While austriamicrosystems does not have meaningful
exposure to Japanese suppliers the company nevertheless secured its
supply chain, including subcontractors and their suppliers, as a
precautionary measure and is in the position to fully meet expected
customer demand this year, whereas capacity tightness in the global
analog market will most likely continue in 2011.

austriamicrosystems sees its business continuing to develop
positively in the coming quarters. Therefore austriamicrosystems
reiterates its guidance for 2011 and expects full year revenue growth
of around 10% together with a faster increase in EBIT and net result,
based on available information.

The complete first quarter report 2011 including detailed financial
information is available on austriamicrosystems´ website under
http://www.austriamicrosystems.com/eng/Investor/Financial-Reports

Concurrent with the first quarter results, austriamicrosystems
publishes its Annual Report 2010 which is also available at
http://www.austriamicrosystems.com/eng/Investors/Financial-Reports .
Printed copies of the Annual Report will be available from mid-May.

About austriamicrosystems

austriamicrosystems is a leading designer and manufacturer of high
performance analog ICs, combining over 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
standard and customized analog products. Operating worldwide with
more than 1,100 employees, austriamicrosystems focuses on the areas
of power management, sensors & sensor interfaces and mobile
infotainment in its markets Consumer & Communications, Industry &
Medical and Automotive. austriamicrosystems is listed on the SIX
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: SIX Swiss Exchange / official dealing