EANS-News: ams AG / ams decides to withdraw from envisaged wafer fabrication facility project amid further delays; no impact on stated growth and operating margin targets given available market capaci

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Company Information

Premstaetten, Austria (16 December 2016) - ams (SIX: AMS), a leading
worldwide manufacturer of high performance sensor and analog
solutions, has decided to withdraw from the envisaged wafer
fabrication facility project where ams was project partner to the
State of New York (USA) amid further delays outside of ams' control.

This decision will have no impact on ams' stated financial targets of
30% CAGR (compound annual growth rate) revenue growth for the coming
three years and 30% operating (EBIT) margin from 2019 onwards. ams
has access to sufficient and cost-attractive external capacity at its
technology manufacturing partners to support this expected growth.

Alexander Everke, CEO of ams, commented, we received a warm welcome
from day one from the State of New York, the Utica community, Oneida
County, and Mohawk Valley EDGE. The relationship with Mohawk Valley
EDGE and Empire State Development was a very positive experience and
we remain open to future opportunities for cooperation. However, this
decision was taken after thorough evaluation of the wafer fabrication
project and its current status. We see no impact to our financial
targets including our stated profitability expectations as we have a
strong mix of internal and ample external capacity available to
implement our strategy.

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about ams

ams is a global leader in the design and manufacture of advanced
sensor solutions and analog ICs. Our mission is to shape the world
with sensor solutions by providing a seamless interface between
humans and technology.

ams' high-performance analog products drive applications requiring
extreme precision, dynamic range, sensitivity, and ultra-low power
consumption. Products include sensor solutions, sensors, sensor
interfaces as well as power management products for consumer,
communications, industrial, medical, and automotive markets.

With headquarters in Austria, ams employs over 2,900 people globally
and serves more than 8,000 customers worldwide. ams is listed on the
SIX Swiss stock exchange (ticker symbol: AMS). More information about
ams can be found at www.ams.com

Further inquiry note:
Moritz M. Gmeiner
Senior Director Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com

end of announcement euro adhoc
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company: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
sector: Technology
ISIN: AT0000A18XM4
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English

Original-Content von: ams AG, übermittelt durch news aktuell