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Ams AG (AMS.S)

AMS.S on Swiss Exchange

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

ams announces exclusion of subscription rights, convertible bond placement possible
Wednesday, 6 Sep 2017 12:05pm EDT 

Sept 6 (Reuters) - AMS AG ::MANAGEMENT BOARD RESOLVED TO EXCLUDE SUBSCRIPTION RIGHTS IN VIEW OF A POTENTIAL PRIVATE PLACEMENT OF SENIOR UNSECURED CONVERTIBLE BONDS​.‍BONDS SHALL BE CONVERTIBLE INTO NEW ORDINARY SHARES FROM COMPANY'S CONDITIONAL CAPITAL EQUAL TO UP TO 4.1% OF SHARE CAPITAL​.  Full Article

AMS expects sales from 'major customer' to grow above 30pct of total sales
Tuesday, 25 Jul 2017 05:09am EDT 

July 25 (Reuters) - Ams Ag :AMS CFO says sees major customer growing in revenue for the company, too early to say, definitely above 30 percent.AMS CFO says sees higher gross margins in non consumer business, but higher operating expenses.AMS CFO says sees lower margins in consumer business, but also lower operating expenses.AMS CEO says both consumer and non consumer margins should lead to 30 percent plus operating margin targetted.AMS CEO says we are fully on track in our ramp up, comfortable with dealing with customer demand.AMS CEO says potentially we could go up to $10 per mobile phone 3d sensing content for higher mobile phone models.AMS CFO says expects research and development costs to rise in absolute terms, lower in relative terms; eventually to lower than 16 to 18 percent of sales.AMS CFO says we see additional ramp ups in production in 2018, we see payback from investments in less than 3 years.  Full Article

AMS Q2 revenues at EUR 181.5 million
Monday, 24 Jul 2017 12:00pm EDT 

July 24 (Reuters) - AMS AG ::‍REPORTS Q2 AND FIRST HALF 2017 RESULTS WITH REVENUES ABOVE PREVIOUS GUIDANCE RANGE DESPITE A NEGATIVE EUR/USD TREND​.‍INCREASES ITS REVENUE GROWTH TARGET FOR 2016-2019 TO MORE THAN 40% COMPOUND ANNUAL GROWTH RATE (CAGR) AND CONFIRMS ITS ADJUSTED EBIT MARGIN TARGET OF 30% FROM 2019 ONWARDS​.‍EXPECTS STRONG QUARTER-ON-QUARTER GROWTH WITH Q3 REVENUES OF EUR 260-290 MILLION ​.‍EXPECTS A RECORD SECOND HALF 2017 INCLUDING SUBSTANTIAL SEQUENTIAL REVENUE GROWTH FOR Q4 AT AN EXPECTED GROWTH RATE COMPARABLE TO EXPECTED GROWTH RATE FROM Q2 TO Q3, BASED ON CURRENTLY AVAILABLE INFORMATION​.‍Q2 GROUP REVENUES WERE EUR 181.5 MILLION, UP 22% SEQUENTIALLY COMPARED TO Q1 AND UP 37% FROM EUR 132.4 MILLION IN SAME QUARTER 2016​.‍ADJUSTED RESULT FROM OPERATIONS (EBIT) (EXCLUDING ACQUISITION-RELATED AND SHARE-BASED COMPENSATION COSTS) FOR Q2 WAS EUR 1.3 MILLION OR 1% OF REVENUES IN LINE WITH PREVIOUS EXPECTATIONS​.‍NET RESULT FOR Q2 WAS A LOSS OF EUR 17.8 MILLION COMPARED TO A PROFIT OF EUR 19.6 MILLION IN SAME PERIOD LAST YEAR​.PLANS TO BUILD A VCSEL MANUFACTURING LINE IN SINGAPORE IN TWO STAGES AT A TOTAL EXPENSE OF AROUND EUR 100 MILLION OVER A PERIOD OF APPROXIMATELY 24 MONTHS​.  Full Article

Ams announces updated dividend policy from fiscal year 2017 onward
Friday, 9 Jun 2017 12:01pm EDT 

June 9 (Reuters) - AMS AG :ANNOUNCES AN UPDATED DIVIDEND POLICY FROM FISCAL YEAR 2017 ONWARD.FUTURE DIVIDENDS SHALL INCREASE IF NET RESULT OF COMPANY INCREASES IN FUTURE WHILE ANY FUTURE DIVIDEND SHALL AT LEAST EQUAL DIVIDEND AMOUNT OF RELATED YEAR BEFORE.  Full Article

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

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European stocks spring higher led by banks, miners

LONDON Strength among commodity firms and banking stocks as well as a string of solid updates boosted European shares on Tuesday.