austriamicrosystems reports successful start into the new year
Key financial data for the first quarter 2005
austriamicrosystems reports continuing business growth for the first quarter 2005 with increases in revenues and earnings compared to the previous year.
Consolidated group revenues for the first quarter grew to EUR 35.2 million from EUR 32.3 million in the first quarter 2004. Gross margin for the first quarter 2005 reached 43% as in the same period last year.
The result from operations (EBIT) for the first quarter 2005 increased strongly to EUR 4.1 million, rising 78% compared to the same quarter last year. The net result for the first quarter moved up significantly to EUR 2.9 million from EUR 1.6 million in the same period of 2004, an increase of 73%. Earnings per share for the first quarter 2005 were CHF 0.40 / EUR 0.26. Total backlog on March 31, 2005 reached EUR 46.1 million compared to EUR 47.0 million on March 31, 2004.
austriamicrosystems’ business units Industry & Medical, Communications and Automotive continue to be successful in the marketplace with their expanding range of high performance analog products. The recently launched solutions for MP3-based portable audio players receive ongoing strong market feedback, including a strategic endorsement by PortalPlayer, the leading system supplier for the portable media player market. At the same time, austriamicrosystems was able to gain additional high value projects with important market participants in its Industry & Medical and Automotive business units. Its newly established international distribution network gives austriamicrosystems a strong platform to address the global analog standard product market including Standard Linear with interesting growth potential going forward.
austriamicrosystems expects its business to continue its positive development and to grow in revenues and earnings in the current year. Based on available information, austriamicrosystems anticipates full year revenue growth of between 10 and 15% for 2005 compared to last year, accompanied by substantial growth in earnings.
The complete quarterly report for the first quarter 2005 including detailed financial information is available on austriamicrosystems’ website.
austriamicrosystems is a leading designer and manufacturer of high performance analog ICs, combining more than 20 years of analog design capabilities and system know-how with its own state-of-the-art manufacturing and test facilities. austriamicrosystems leverages its expertise in low power and high accuracy to provide industry-leading customized and standard analog products. Operating worldwide with more than 800 employees, austriamicrosystems focuses on the areas of power management, sensors & sensor interfaces, portable audio and car access through its business units Communications, Industry & Medical, Automotive and Full Service Foundry. austriamicrosystems is listed on the SWX Swiss Exchange in Zurich (ticker symbol: AMS).