EANS-Adhoc: ams AG / ams reports first quarter results; announces its CEO will not extend contract beyond current term ending February 2014

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Financial Figures/Balance Sheet/3-month report
22.04.2013

Key financial data for the first quarter 2013

Unterpremstaetten, Austria (22 April 2013) - ams (SIX: AMS), a
leading provider of high performance analog ICs and sensors, recorded
the expected seasonal revenue effects together with continued strong
gross margins in the first quarter of 2013, which demonstrates the
strength of the company's technology portfolio for high performance
sensor and analog solutions.

First quarter group revenues were EUR 84.9 million, 6% lower than in
the same quarter 2012 (6% lower in constant currency terms) and 13%
lower quarter-on-quarter. Gross margin increased to 54%, excluding
acquisition-related amortization, and was unchanged at 51%, including
acquisition-related amortization, compared to 53%, excluding
acquisition-related amortization, and 51%, including
acquisition-related amortization, in the first quarter 2012.

ams' project pipeline into 2014 expanded significantly with major
smartphone- and mobile device-related projects in the quarter. To
pursue these opportunities, ams has added engineers and resources in
its development and field application support groups; these additions
are reflected in research & development and sales, general &
administrative costs, respectively. The result from operations (EBIT)
for the first quarter was EUR 10.5 million, 43% lower than in the
same period 2012. The first quarter net result was EUR 9.9 million
compared to EUR 19.2 million in the same period 2012 and basic /
diluted earnings per share were CHF 0.91 / 0.87 or EUR 0.74 / 0.70
(CHF 1.81 / 1.75 or EUR 1.50 / 1.46 in the first quarter 2012). Total
backlog, excluding consignment stock agreements, was EUR 77.4 million
on March 31, 2013 showing the seasonal effects (EUR 90.9 million on
December 31, 2012 and EUR 100.5 million on March 31, 2012). Operating
cash flow was EUR 13.7 million compared to EUR 24.6 million in the
first quarter 2012.

ams' business saw a solid performance in the first quarter given the
company's strong position in high performance analog and sensor
products while reflecting expected seasonality in revenues.

In Consumer & Communications, the growth in smartphone and tablet PC
applications remains a major driver for ams' business as the company
serves a growing number of leading mobile device OEMs. ams continued
to ship a broad portfolio of intelligent light sensor products to
market-leading OEMs in high volumes. In mobile sensor interfaces, the
company's MEMS microphone IC business had a positive start into the
year. OEM activities involving ams' high performance power management
solution for a leading graphics processor vendor remain at high
levels while the increasing use of sensors in smartphones and mobile
devices is resulting in new applications which ams is supporting.
Several of the company's major customers are in the midst of product
refresh cycles. ams expects that this will increase
quarter-on-quarter revenue growth in subsequent quarters.

In its wireless business for RFID and NFC, ams sees very strong
development and design-in efforts for its NFC solutions including
front ends, antenna boost and peer-to-peer capabilities, together
with rising shipments of mass-production products. High sensitivity
is a critical aspect of the performance of NFC systems; here ams
brings world-class technology to major vendors helping them create a
seamless user experience around mobile devices with the highest
performance and smallest form factor available in the market.

In the company's industrial and medical businesses ams recorded
positive results based on its broad range of end markets which ams
serves through high performance solutions for sensors and sensor
interfaces. Several of ams' industrial end markets are beginning to
show improvements in demand patterns supporting the positive
development of the company's business going forward. At the same
time, major medical device OEMs continue to build their success on
ams' innovative medical sensor solutions. ams' automotive business
had a good start into the year with its focus on critical sensor
applications, despite the ongoing demand challenges in the global
automotive sector. ams sees strong design activities around its
solutions across markets, demonstrating the success of the company's
products and creating a sound basis for further profitable growth in
the future.

ams' CEO John Heugle has informed the Supervisory Board of the
company that he will not extend his contract beyond the current term
ending February 2014. He will continue to serve with full commitment
as CEO for the term of his current contract. The Supervisory Board
will begin the search for a competent successor.

Based on currently available information, ams reiterates its 2013
revenue guidance and expects full year revenue growth to exceed 10%
compared to 2012 with stronger growth in profitability. This
expectation requires ramp-ups of new programs in the second half of
2013 and is based on the continued success of ams' customer base of
global OEMs and the company's expanding position in the growing
markets for smartphones, tablet PCs, and other mobile devices.

The first quarter 2013 report including additional financial
information is available on the company website at
http://www.ams.com/eng/Investor/Financial-Reports

Implementing the changes in Swiss securities law, ams will include
information regarding the total number of shares in the Investor
section of the company website starting May 1, 2013. ? 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 1,300 people globally
and serves more than 7,800 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