EANS-Adhoc: ams AG / ams updates fourth quarter 2018 outlook;discontinues previous reference to specific time periods for growthand profitability targets; expects annual double-digit revenuegrowth …
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14.11.2018
Premstaetten – (PR title cont’d) … for the coming years
Premstaetten, Austria (14 November 2018) — ams (SIX: AMS), a leading worldwide
supplier of high performance sensor solutions, updates its fourth quarter 2018
outlook due to recent demand changes from a major consumer customer. As a
consequence of the changes in customer demand, ams now expects fourth quarter
revenues of USD 480-520 million, a sequential increase from the third quarter,
based on current information. The adjusted operating margin for the fourth
quarter (excluding acquisition-based and share-based compensation costs) is now
expected to reach the low to mid-teens percentage range. ams continues to expect
strong cash flow generation and a meaningful free cash flow (FCF) in the fourth
quarter supporting its balance sheet structure.
ams sees increasing volatility in consumer customers‘ demand patterns and
related business planning which is not expected to decline. As a consequence,
ams discontinues the previous reference to specific time periods for its mid-
term targets for growth and profitability. ams continues to target further
revenue growth and strong profitability and confirms a full multi-year product
and design pipeline. ams therefore expects annual double-digit revenue growth
for the coming years with an expansion of the adjusted operating margin towards
ams‘ target of 30%.
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About ams
ams is a global leader in the design and manufacture of advanced sensor
solutions. Our mission is to shape the world with sensor solutions by providing
a seamless interface between humans and technology.
ams‘ high-performance sensor solutions drive applications requiring small form
factor, low power, highest sensitivity and multi-sensor integration. Products
include sensor solutions, sensor ICs, interfaces and related software for
consumer, communications, industrial, medical, and automotive markets.
With headquarters in Austria, ams employs about 10,000 people globally and
serves more than 8,000 customers worldwide. ams is listed on the SIX Swiss stock
exchange (ticker symbol: AMS). More information about ams can be found at
www.ams.com
Join ams social media channels:
>Twitter [https://twitter.com/amsAnalog] >LinkedIn [https://www.linkedin.com/
company/ams-ag] >Facebook [https://www.facebook.com/amsAnalog] >YouTube [https:/
/www.youtube.com/user/amsAnalog]
end of announcement euro adhoc
issuer: ams AG
Tobelbader Strasse 30
A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
ISIN: AT0000A18XM4
indexes:
stockmarkets: SIX Swiss Exchange
language: English
Digital press kit: http://www.ots.at/pressemappe/2901/aom
Moritz M. Gmeiner
Vice President Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com
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