EANS-Adhoc
ams AG / ams reports record full year 2017 results with fourth quarter revenues up 252% and operating result up 683% year-on-year for in-line profitability; large 3D sensing design-win
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Selected financial information for fiscal year and fourth quarter 2017
Annual Result/Quarterly Report
06.02.2018
Premstaetten - (PR title cont'd) ... at major Asian smartphone OEM, high value
automotive 3D LIDAR design-win, large power component design-win at major
consumer OEM; acquisition of face recognition software leader KeyLemon for 3D
sensing; expected revenue growth 2016-2019 at 60% CAGR, 2019 expected revenues
above USD 2.7 billion; expected first quarter revenues of USD 440-490 million,
up over 150% year-on-year; strong revenue growth expected in second half 2018;
evaluating secondary listing in Hong Kong
Premstaetten, Austria (6 February 2018) -- ams (SIX: AMS), a leading worldwide
supplier of high performance sensor solutions, reports record full year results
for 2017 with fourth quarter revenues up 252% year-on-year, fourth quarter
operating profitability well in-line with previous guidance and fourth quarter
operating result up 683% year-on-year. 2017 full year revenues grew strongly to
EUR 1,063.8 million (USD 1,221.3 million), up 93% from 2016, as fourth quarter
revenues were EUR 470.3 million (USD 553.7 million), in the upper third of
previous guidance of EUR 440-480 million. This very substantial growth was
particularly driven by new consumer business in 3D sensing and advanced light
sensing in the second half of 2017. For the first quarter 2018, ams sees
expected revenues of USD 440-490 million (current USD/EUR exchange rate of
1.24), given a customer volume impact and expected seasonality, up well over
150% year-on-year.
Full year 2017 adjusted gross margin was 43% and the full year adjusted
operating (EBIT) margin was 16% (both excluding acquisition-related and share-
based compensation costs). Fourth quarter 2017 adjusted gross margin was 44%
while the adjusted operating (EBIT) margin reached 27%, fully in-line with
previous guidance (both excluding acquisition-related and share-based
compensation costs).
Financial overview
Group revenues for 2017 were EUR 1,063.8 million (USD 1,221.3 million), growing
strongly by 93% from EUR 549.9 million (USD 608.7 million) for 2016. In constant
currency, full year revenues exactly doubled from the year before. Revenues for
the fourth quarter 2017 were EUR 470.3 million (USD 553.7 million), in the upper
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