austriamicrosystems reports further growth in the third quarter of 2004
Key financial data for the third quarter of 2004
austriamicrosystems reports further growth in the third quarter of 2004 with a significant increase in revenues and earnings compared to the previous year.
Consolidated group revenues reached EUR 41.1 million, an increase of 26% compared to the same quarter in 2003, due to higher demand for austriamicrosystems' products in all regions and segments. Gross margin in the third quarter 2004 stood at 42% compared to 44% in the same period last year.
The result from operations (EBIT) for the third quarter grew strongly to EUR 5.1 million, an increase of 36% compared to the same quarter last year. The net result for the third quarter 2004 increased by 122% to EUR 4.2 million from EUR 1.9 million in the same period of 2003. Earnings per share for the third quarter were CHF 0.60 / EUR 0.39. Total backlog reached EUR 56.4 million on September 30, 2004 versus EUR 44.9 million on September 30, 2003.
austriamicrosystems' business units Industry & Medical, Communications and Automotive are seeing ongoing success in the marketplace as their high performance analog solutions fully address customer demands and requirements. In operations, the expansion of production capacity in Fab B from 3,900 WSPM to 5,200 WSPM has been completed and is fully operational. austriamicrosystems also achieved certification according to ISO 13485:2003, the new international quality management standard for medical devices, with excellent results.
austriamicrosystems expects its business to continue to develop positively with revenues and earnings showing further increases in the fourth quarter 2004. Based on current information, austriamicrosystems anticipates full year revenues in 2004 around the mid-point of the previously announced range of EUR 155-165 million. Looking to the coming year 2005, austriamicrosystems feels confident of further growth in revenues and earnings.
The complete quarterly report for the third quarter 2004 including detailed financial information is available on austriamicrosystems' website.