EANS-Adhoc

ams AG / ams reports second quarter revenues in upper half of guidance range with profitability above expectations; positive momentum for optical and 3D sensing tech-nologies in Android market;

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Selected financial information for the second quarter and first half 2019

Mergers - Acquisitions - Takeovers/Mid Year Results/Mid Year Financial
Report/Quarterly Report
23.07.2019

Premstaetten - (PR title cont'd) ... strong third quarter ex­pected with
revenues of USD 600-640 million, up 49% quarter-on-quarter, based on consumer
ramps; opera­tional improvements drive significant increase in expected third
quarter adjusted EBIT margin to above 25%; update on strategic transaction
opportunity

Premstaetten, Austria (23 July 2019) -- ams (SIX: AMS), a leading worldwide
supplier of high performance sensor solutions, reports second quarter results
with revenues in the upper half of the guidance range and operating
profitability above expectations. Driven by ams' consumer business, the results
reflect the strength of ams' portfolio and more supportive demand trends in the
consumer market. ams expects strong revenue and profit growth for the third
quarter based on high volume ramps in the consumer market and significantly
improved operational performance with expected revenues of USD 600-640 million
and a strongly higher adjusted operating margin of above 25%.

Second quarter group revenues were USD 415.2 million, up 8% sequentially
compared to the first quarter and up 72% from USD 241.6 million in the same
quarter 2018. Group revenues for the first half of 2019 were USD 801.2 million,
up 22% compared to USD 655.2 million recorded in the first half of 2018.
Adjusted gross margin for the second quarter was 37% (excluding acquisition-
related and share-based compensation costs) with IFRS reported gross margin at
35% (including acquisition-related and share-based compensation costs), compared
to 15% and 9% respectively in the same quarter 2018. For the first half of 2019,
adjusted gross margin stood at 35% (excluding acquisition-related and share-
based compensation costs) and IFRS reported gross margin at 32% (including
acquisition-related and share-based compensation costs), compared to 28% and 24%
respectively in the first half of 2018.

The adjusted result from operations (EBIT) for the second quarter was USD 50.0
million or 12% of revenues (excluding acquisition-related and share-based
compensation costs), strongly increasing from a loss of USD 46.4 million in the