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 4

markets.

CCMOSS additionally offers industry-leading IR technology comprising
high performance IR radiation sources and detectors. Fully
complementary to ams' spectral sensing strategy for next generation
optical sensor technologies, this portfolio enables miniaturized
sensor implementations and efficient integration for applications
including CO2 gas sensing and human presence detection. CCMOSS, which
was founded in 2008 and is located in Cambridge, UK, with 33
employees, strongly enhances ams' portfolio of products and
technologies for the environmental sensor market and creates
substantial growth opportunities in the coming years.

ams also concluded a smaller strategic transaction recently acquiring
the color and spectral sensing systems specialist MAZeT GmbH for an
undisclosed amount in cash. Focused on industrial and medical
applications, MAZeT offers very strong system and application
know-how in advanced color and spectral sensing and outstanding
optical engineering expertise. MAZeT's capabilities include IC and
filter design as well as hardware and software system development
with current applications including airplane interior lighting,
agricultural sensors, and medical skin lesion analysis. The company
also has a legacy business acting as module supplier to its previous
industrial shareholders. Based in Jena, Germany, which is a global
center of excellence in optical technologies, MAZeT is profitable and
has around 80 employees. The addition of MAZeT complements ams'
existing strengths in emerging optical sensor technologies and
creates exciting new product and application opportunities for
spectral sensing in the automotive, industrial, and medical end
markets.

In operations, ams is realizing further accelerated investments into
optical filter deposition equipment to prepare for the expected
customer uptake of latest generation light sensor products and is
implementing investments for other equipment to support upcoming
revenue opportunities from its pipeline. Based on current
information, total capital expenditures for 2016 are now expected
above EUR 80 million to support these capacity needs.

For the third quarter 2016, ams sees positive momentum in its
consumer business resulting in quarter-on-quarter group revenue
growth while demand and macroeconomic uncertainties in other end
markets continue. Based on available information and a current
USD/EUR exchange rate of 1.10, ams expects third quarter revenues to
grow sequentially to EUR 146-153 million. At the same time, ams