EANS-Adhoc: ams AG / ams reports third quarter results and agreement to acquire private RFID design center

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9-month report

22.10.2012

Key financial data for the third quarter 2012

Unterpremstaetten, Austria (22 October, 2012) - ams (SIX: AMS), a
leading worldwide designer and manufacturer of high performance
analog ICs for consumer & communications, industry & medical, and
automotive applications, showed continued revenue growth and a
significant increase in profitability in the third quarter of 2012,
as the company expands its market position in high performance
applications for customers worldwide. Confirming its guidance for
2012, ams expects full year revenue growth of 40% year-on-year with
full year EBIT margins of more than 20%.

Third quarter group revenues grew to EUR 103.3 million, up 27%
compared to the same quarter 2011 (16% in constant currency terms)
and 8% quarter-on-quarter. Gross margin was 56%, excluding
acquisition-related amortization, and 53%, including
acquisition-related amortization, compared to 53%, excluding
acquisition-related amortization, and 50%, including
acquisition-related amortization, in the third quarter 2011.

The result from operations (EBIT) for the third quarter increased to
EUR 25.5 million, up 96% from EUR 13.0 million in the same period
2011. The third quarter net result was EUR 24.5 million compared to
EUR 9.5 million in the same period 2011 and basic / diluted earnings
per share were CHF 2.30 / 2.17 or EUR 1.91 / 1.81 (CHF 0.87 / 0.86
and EUR 0.74 / 0.73 in the third quarter 2011). Total backlog,
excluding consignment stock agreements, was EUR 90.6 million on
September 30, 2012 (EUR 106.8 million on June 30, 2012 and EUR 89.1
million on September 30, 2011). Operating cash flow increased to EUR
36.1 million compared to EUR 20.9 million in the third quarter 2011.

ams' business saw a strong performance in the third quarter driven by
its differentiated portfolio of high performance analog products and
growing OEM and distribution demand in key markets.

In Consumer & Communications, strong growth in smartphone and tablet
PC applications continued as a result of customers' market success.
ams' light sensor products are shipping in very high volumes to
market-leading OEMs for major global platforms and models. The
company's MEMS microphone IC business also continued to expand in the
quarter. OEM interest for ams' high performance power management
solution for a leading graphics processor vendor and new sensor
technologies for mobile devices remains at high levels creating new
opportunities in future designs. ams' wireless business for RFID and
NFC shows dynamic growth in emerging applications as the company is
continuing volume shipments of its innovative antenna booster
solution for NFC mobile payment and winning new designs.

To further enhance its successful NFC offering and technology
leadership in this exciting market, ams has entered into an agreement
to acquire 100% of the shares in IDS, a global design leader for
highly-integrated low-power RFID IC solutions and IP for HF and UHF
applications. The IDS group, comprising IDS d.o.o. (Slovenia) and IDS
IP Holding AG with its 100% subsidiary IDS Microchip AG (both in
Switzerland), has approximately 20 employees. The parties to the
transaction, which is expected to close within the next twelve weeks
subject to certain approvals and conditions, have agreed to keep the
consideration confidential. ams has worked closely with IDS over the
last several years and plans to fully integrate IDS's activities into
its existing wireless business following the closing. The addition of
IDS solidifies ams' strong R&D and IP position in the authentication
and payment markets where the company offers the smallest form
factors, the lowest power consumption and the highest sensitivity.

In its industrial and medical businesses, ams recorded positive
results based on its broad portfolio of advanced sensor and sensor
interface solutions and wide variety of end markets. The industrial
sector remains influenced by inconsistent demand patterns in some
markets, while the company's innovative medical imaging sensor
solutions continue to drive its customers' market success. ams'
automotive business performed well driven by the company's growing
presence in critical sensor applications, despite a more challenging
environment in the global automotive sector.

Based on currently available information, ams fully confirms its 2012
revenue guidance and expects full year revenue growth of 40% compared
to 2011, with EBIT margins exceeding 20% for the full year 2012. This
positive development is particularly driven by ams' expanding
business in the fast-growing markets for smartphones, tablet PCs, and
other mobile devices. Design activities across markets remain at
record levels as a growing number of OEMs rely on ams' high
performance products to solve their analog challenges. Providing a
first indication for the coming year, ams expects further
double-digit revenue growth in 2013 compared to the current year.

The third quarter 2012 report including additional financial
information is available on the company website at
http://www.ams.com/eng/Investor/Financial-Reports

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About ams ams develops and manufactures high-performance analog
semiconductors that solve its customers' most challenging problems
with innovative solutions. ams' products are aimed at applications
which require extreme precision, accuracy, dynamic range,
sensitivity, and ultra-low power consumption. ams' product range
includes sensors, sensor interfaces, power management ICs and
wireless ICs for customers in the consumer, industrial, medical,
mobile communications and automotive markets.

With headquarters in Austria, ams employs over 1,200 people globally
and serves more than 6,500 customers worldwide. ams is the new name
of austriamicrosystems, following the 2011 acquisition of optical
sensor company TAOS Inc. ams is listed on the SIX Swiss stock
exchange (ticker symbol: AMS). More information about ams can be
found at www.ams.com.

Further inquiry note:
Moritz M. Gmeiner
Director Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com

end of announcement euro adhoc
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issuer: ams AG
Tobelbader Strasse 30
A-8141 Unterpremstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
sector: Technology
ISIN: AT0000920863
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English