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

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3-month report

23.04.2012

Key financial data for the first quarter 2012

Unterpremstaetten, Austria (April 23, 2012) — austriamicrosystems
(SIX: AMS), a leading worldwide designer and manufacturer of high
performance analog ICs for consumer & communications, industry &
medical and automotive applications, recorded revenue and earnings
growth in the first quarter of 2012 driven by the strong market
success of its high performance analog portfolio and continued growth
in its consumer & communications business. Increasing its 2012
guidance again, austriamicrosystems now expects full year revenue
growth to exceed 30% compared to 2011, together with faster earnings
growth.

First quarter group revenues grew to EUR 90.7 million, up 64%
compared to the same quarter 2011 (60% in constant currency terms)
and 12% quarter-on-quarter. Gross margin was 53% excluding
acquisition-related amortization and 51% including
acquisition-related amortization, compared to 51% in the first
quarter 2011.

The result from operations (EBIT) for the first quarter increased to
EUR 18.3 million, up 125% from EUR 8.2 million in the same period
2011. The first quarter net result was EUR 19.2 million compared to
EUR 7.4 million in the same period 2011 and basic / diluted earnings
per share were CHF 1.81 / 1.75 or EUR 1.50 / 1.46 (CHF 0.94 / 0.92
and EUR 0.73 / 0.71 in the first quarter 2011). Total backlog
(excluding consignment stock agreements) was EUR 100.5 million on
March 31, 2012 (EUR 90.0 million on December 31, 2011 and EUR 69.4
million on March 31, 2011). Operating cash flow increased to EUR 24.6
million compared to EUR 14.6 million in the first quarter 2011.

austriamicrosystems´ business showed a strong performance in the
first quarter underscoring the excellence of the company´s product
portfolio and its expanding market reach in high performance analog.
In Consumer & Communications austriamicrosystems is experiencing
ongoing strong growth in smartphone and tablet PC applications which
shows no signs of deceleration. austriamicrosystems´ light sensor
products are shipping in high volumes to leading OEMs for globally
successful platforms and models. New accounts started to have a
positive impact in this product area with shipment volumes increasing
at a quickening pace. MEMS microphone ICs continue their expansion in
the current year while the company´s Wireless business for RFID and
related technologies shows dynamic growth from innovative
applications.

In its Industry & Medical business austriamicrosystems is starting to
see an improvement in industrial customers´ order activity based on a
brightening end market outlook. In Medical, shipment volumes for the
company´s industry-leading high performance imaging sensor solutions
continued to grow in the quarter. austriamicrosystems´ Automotive
business recorded expanding run rates for advanced sensor interfaces
and sensors in safety applications for major systems suppliers.
Overall, design activity and wins show a strongly positive trend at
both, direct OEM accounts and the company´s quickly growing worldwide
distribution customer base.

Based on currently available information, austriamicrosystems
increases its 2012 revenue guidance again and now expects full year
revenue growth to exceed 30% compared to 2011 together with a faster
growth in earnings. austriamicrosystems sees positive demand momentum
across markets and a continued expansion of its business in the
fast-growing markets for smartphones, tablet PCs, and other mobile
devices.

The complete first quarter report 2012 including detailed financial
information is available on austriamicrosystems´ website under
http://www.austriamicrosystems.com/eng/Investor/Financial-Reports

About austriamicrosystems

austriamicrosystems is a leading designer and manufacturer of high
performance analog ICs, combining over 30 years of analog design
know-how with state-of-the-art manufacturing and test facilities and
production partnerships. austriamicrosystems leverages its expertise
in low power and high accuracy to provide industry-leading standard
and customized analog products. Operating worldwide with more than
1,200 employees, austriamicrosystems focuses on the areas of sensors
& sensor interfaces, power management and mobile infotainment in its
markets Consumer & Communications, Industry & Medical and Automotive.
Through the combination with TAOS, a world leader in advanced light
sensors, austriamicrosystems has expanded its innovative sensor
offering for growth markets such as mobile devices.
austriamicrosystems is listed on the SIX Swiss Exchange in Zurich
(ticker: AMS). For more information, please visit
www.austriamicrosystems.com.

Further inquiry note:
Moritz M. Gmeiner
Director Investor Relations
Tel: +43 3136 500-5970
Fax: +43 3136 500-5420
Email: investor@austriamicrosystems.com

end of announcement euro adhoc
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issuer: austriamicrosystems AG
Schloß Premstaetten
A-8141 Unterpremstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-5420
mail: investor@austriamicrosystems.com
WWW: www.austriamicrosystems.com
sector: Technology
ISIN: AT0000920863
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English