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Ams AG (AMS.S)

AMS.S on Swiss Exchange

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26 May 2017
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Latest Key Developments (Source: Significant Developments)

AMS AG is now is more confident that all projects are ramping - conf call
Tuesday, 25 Apr 2017 05:33am EDT 

April 25 (Reuters) - AMS AG ::Now is more confident that all projects are ramping - conference call.Upside on mid-term outlook related to all AMS business, sees better design pipeline- conf call.On 3D sensing solutions in automotive: sees opportunities after 2020, sees interest in customers already - conf call.  Full Article

AMS reports Q1 revenues at 149.3 mln euros
Monday, 24 Apr 2017 12:00pm EDT 

April 24 (Reuters) - AMS AG ::Expects sequential revenue growth for Q2 2017 with revenues of 174-181 million euros and adjusted operating margin around break-even.Q1 group revenues were 149.3 million euros ($161.93 million), above upper end of ams' previous guidance, up 12% sequentially compared to Q4 and increasing 9% from eur 137.2 million in same quarter 2016.On a constant currency basis, q1 revenues were up 6% compared to q1 last year.Excluding Heptagon business, q1 revenues were slightly up sequentially compared to q4 2016, which was also above previous guidance.Adjusted EBIT (excluding acquisition-related and share-based compensation costs) for Q1 was 4.1 million euros or 3% of revenues which was above previous guidance, decreasing from 28.2 million euros in same period 2016.Excluding Heptagon business, Q1 adjusted EBIT margin stood at 14%, which was well above previous guidance.Net result for Q1 was -16.2 million euros compared to 13.6 million euros in same period last year.Ams is receiving positive market feedback on acquisition of Princeton Optronics which ams announced in quarter.Expects significant high volume ramp-ups in its consumer business in second half of 2017.Ams' preparation for these growth opportunities is fully on track and related activities are progressing to plan.Is seeing significantly increased customer forecasts and a higher revenue pipeline for 2017 and particularly 2018 while ams is adding new projects and additional design-wins.  Full Article

ams buys 100 pct of shares in Princeton Optronics, Inc
Friday, 17 Mar 2017 03:18am EDT 

ams AG : Said on Thursday signed an agreement to acquire 100 percent of the shares in Princeton Optronics, Inc., a provider of Vertical Cavity Surface-Emitting Lasers (VCSELs), in an all-cash transaction . Princeton Optronics has an annual revenue run-rate of around $10 million and is profitable . Transaction includes an upfront consideration of $53.3 million in cash and a substantial cash earn-out consideration related to realized 2017 and 2018 revenues, with a potential maximum earn-out value of $75 million .Transaction is expected to close within six months.  Full Article

AMS says CAPEX in 2017 to be larger than in 2016 - conf call
Tuesday, 7 Feb 2017 07:55am EST 

AMS AG : Expects growth for ams business also excluding. Heptagon for 2017 - conference call . Capex in 2017 to be larger than in 2016 - conf call Further company coverage: [AMS.S] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;)).  Full Article

ams AG says net income for 2016 was 102.9 million euros
Tuesday, 7 Feb 2017 01:30am EST 

ams AG : Group revenues for 2016 were 549.9 million euros, decreasing 12 percent from 623.1 million euros for 2015 . For Q1 2017, ams sees sequentially higher expected revenues of 141 million - 148 million euros . Revenues for Q4 2016 were 133.6 million euros ($142.95 million), at upper end of published expectations of 127 million - 134 million euros and 9 percent lower compared to 147.2 million euros recorded a year ago (10 percent lower in constant currency) . Gross margin for full year 2016 was 55 percent (excluding acquisition-related and share-based compensation costs), compared to 56 percent in 2015 . Will propose a dividend of 0.30 euro per outstanding share for 2016 . Result from operations (EBIT) for 2016 was 97.1 million euros or 18 percent of revenues (excluding acquisition-related and share-based compensation costs) compared to 165.5 million euros or 27 percent in 2015 . Net income for 2016 was 102.9 million euros, compared to 148.7 million euros in 2015 . Gross margin for Q4 2016 was 52 percent (excluding acquisition-related and share-based compensation costs) . Expects to continue its share buy-back activities over course of 2017 up to a value of 60 million Swiss francs ($60.33 million).  Full Article

AMS Divests NFC and RFID reader product lines
Friday, 29 Jul 2016 12:59am EDT 

AMS AG : Divests NFC and RFID reader product lines to increase focus on sensor solutions retaining sensing-related wireless activities . To divest NFC and RFID reader IP, technologies and product lines to stmicroelectronics for an up-front cash consideration of $79.3 million plus a substantial deferred earn-out consideration contingent on future results of up to $37 million .Divests NFC and RFID reader product lines to increase focus on sensor solutions retaining sensing-related wireless activities.  Full Article

Ams sees gross margin development more or less as expected - conf call
Tuesday, 26 Jul 2016 04:59am EDT 

Ams AG : Doesn't see big difference in Q2, Q3 regarding demand - conference call . Confirms 2019 1 billion euros ($1.10 billion)organic revenue goal . Regarding China sees same uncertainity, doesn't see big change compared to Q1 . Sees gross margin development more or less as expected Further company coverage: [AMS.S] ($1 = 0.9087 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;)).  Full Article

Ams Q2 net result down at 19.6 mln euros
Monday, 25 Jul 2016 12:09pm EDT 

Ams AG : Q2 2016 revenues in upper half of its guidance range which reflects demanding market environment . Q2 group revenues were 132.4 million euros ($145.36 million), down 4 pct sequentially compared to Q1 and decreasing 22 pct from 169.5 million euros in same quarter 2015 . For Q3 2016, ams expects sequential revenue growth to 146-153 million euros at an improved operating margin compared to Q2 . Net result for Q2 was 19.6 million euros compared to 41.8 million euros in same period last year . Total capital expenditures for 2016 are now expected above 80 million euros to support these capacity needs . Adjusted result from operations (EBIT) (excluding acquisition-related and share-based compensation costs) for Q2 was 24.4 million euros, decreasing from 49.0 million euros in same period 2015 . Total backlog on June 30 (excluding consignment stock agreements) was 146.6 million euros compared to 126.2 million euros at end of Q1 and 133.3 million euros on June 30, 2015 . Adjusted operating margin for Q3 (excluding acquisition-based and share-based compensation costs) is expected to show a sequential improvement to around 18-20 pct.  Full Article

Ams issues promissory note for EUR 175.5 mln
Monday, 11 Jul 2016 11:40am EDT 

Ams AG :Ams issues promissory note for 175.5 million euros ($193.75 million)in an international placement.  Full Article

ams AG gives Q2 2016 outlook, confirms FY 2019 sales guidance
Monday, 25 Apr 2016 12:00pm EDT 

ams AG:For Q2 2016, sees increased end market and macroeconomic uncertainty and expects flattish revenues of 127-134 million euros including negative revenue effects from deterioration of exchange rate.Anticipates gross margin for Q2 2016 excluding acquisition-based and share-based compensation costs to remain on a level comparable to Q1.Confirms its FY 2019 organic revenue goal of 1 billion euros.Q1 2015 IFRS reported gross margin (including acquisition-related and share-based compensation costs) was 54 pct.  Full Article

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