EANS-Adhoc

ams AG / ams reports second quarter results with revenues in upper half of guidance range reflecting demanding market environment; third quarter expected revenues show sequential growth at improved operating margin; acquisition of CCMOSS comp - Seite 2

for the second quarter was EUR 16.7 million or 13% of revenues, down
from EUR 44.6 million in the same period 2015. This expected decrease
reflects negative operational leverage effects from lower revenues as
well as a higher run rate of R&D expenses for future programs. For
the first half of 2016, the adjusted EBIT (excluding
acquisition-related and share-based compensation costs) was EUR 52.6
million, down from EUR 92.0 million in the same period 2015, and the
IFRS reported EBIT (including acquisition-related and share-based
compensation costs) was EUR 36.4 million, down from EUR 82.8 million
in the first half year 2015.

The net result for the second quarter was EUR 19.6 million compared
to EUR 41.8 million in the same period last year. Basic and diluted
earnings per share were CHF 0.32/0.31 or EUR 0.29/0.28 based on
68,085,043/70,016,054 shares (basic/diluted; weighted average)
compared to CHF 0.63/0.61 or EUR 0.61/0.58 for the second quarter
2015 based on 68,948,844/71,639,611 shares (basic/diluted; weighted
average). The net profit for the first half year 2016 was EUR 33.2
million, equivalent to CHF 0.53/0.52 or EUR 0.49/0.47 per share
(basic/diluted) based on 68,321,871/70,388,158 shares (basic/diluted;
weighted average), compared to EUR 84.0 million, i.e. CHF 1.28/1.23
or EUR 1.22/1.17 per share (basic/diluted) based on
68,792,636/71,560,877 shares (basic/diluted; weighted average), for
the same period last year.

Operating cash flow for the second quarter was EUR 7.3 million
compared to EUR 33.7 million in the second quarter last year, while
operating cash flow for the first half was EUR 14.8 million compared
to EUR 72.3 million in the first half year 2015. Total backlog on
June 30, 2016 (excluding consignment stock agreements) was EUR 146.6
million compared to EUR 126.2 million at the end of the first quarter
and EUR 133.3 million on June 30, 2015.

ams' business performed to expectations in a more demanding market
environment in the second quarter and first half of 2016,
particularly in the consumer and smartphone markets. ams' results
demonstrate the advantages of its model and the attractiveness of the
company's balanced portfolio of consumer and non-consumer businesses.

ams' consumer and communications business showed a solid performance
in the second quarter and first half despite a challenging situation
in the consumer market which continued in the second quarter. The
development of the business was again driven by ams' range of high
performance light sensor solutions. Run rates for ams' portfolio of
intelligent light sensors at leading consumer and smartphone OEMs
remained high but were in total lower year-on-year, in line with