EANS-Adhoc

ams AG / ams reports first quarter 2015 results ahead of expectations; expects further sequential growth in second quarter; Annual Report 2014 published

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Financial Figures/Balance Sheet/3-month report
27.04.2015

Key financial data for the first quarter 2015

Unterpremstaetten, Austria (27 April 2015) - ams (SIX: AMS), a
leading worldwide manufacturer of high performance sensor and analog
solutions, reports first quarter 2015 revenues and profitability
ahead of expectations with year-on-year and quarter-on-quarter growth
in revenues and earnings. For the second quarter 2015, ams expects
further sequential revenue growth together with another improvement
in operating profitability.

First quarter group revenues were EUR 153.3 million, 78% higher than
in the same quarter 2014 and 10% higher quarter-on-quarter. On a
constant currency basis, first quarter revenues were 54% higher
compared to the first quarter last year. Gross margin was 56%,
excluding acquisition-related costs, and 54%, including
acquisition-related costs, unchanged from 56%, excluding
acquisition-related costs, and 54%, including acquisition-related
costs, in the first quarter 2014.

The result from operations (EBIT) excluding acquisition-related costs
for the first quarter reached EUR 42.1 million or 27% of revenues,
compared to EUR 17.9 million in the first quarter 2014. The result
from operations (EBIT) including acquisition-related costs for the
first quarter was EUR 38.2 million or 25% of revenues, compared to
EUR 15.4 million in the same period 2014. The first quarter net
result was EUR 42.2 million compared to EUR 14.7 million in the same
period 2014. Basic/diluted earnings per share were CHF 0.65/0.62 or
EUR 0.62/0.59 based on 68,638,875/ 71,483,195 shares (basic/diluted;
weighted average) compared to CHF 0.26/0.25 or EUR 0.22/0.21 based on
67,737,709/70,889,796 shares (basic/diluted; split-adjusted weighted
average) in the first quarter 2014.

Operating cash flow for the first quarter was EUR 44.3 million, a
substantial increase from EUR 14.3 million in the first quarter 2014.
Total backlog, excluding consignment stock agreements, rose to EUR