ams AG a leading worldwide manufacturer of high performance sensor and analog solutions, reports record full year results for 2015 showing strong year-on-year growth in revenues and earnings. The success of ams’ consumer solutions for smartphones and mobile devices was the key factor driving ams’ positive business performance last year. For the first quarter 2016, ams expects softer end market demand in its consumer business and typical seasonal effects to result in sequentially lower expected revenues of EUR 131-138 million.
2015 full year revenues grew 34% to EUR 623.1 million (USD 691.4 million), at the same time gross margin was unchanged at 56% (excluding acquisition-related amortization). The full year operating (EBIT) margin increased to 26% (excluding acquisition-related amortization). Revenues for the fourth quarter 2015 were EUR 147.2 million, up 6% year-on-year and down 4% quarter-on-quarter. Gross margin for the fourth quarter 2015 stood at 57% (excluding acquisition-related amortization), up from 56% last year, while the operating (EBIT) margin reached 23% (excluding acquisition-related amortization).
Based on the company’s cash dividend policy stipulating the distribution of 25% of net earnings, ams will propose a dividend of EUR 0.51 per outstanding share for 2015.
Outlook
Based on currently available information, ams expects its business to develop positively and record further growth in the current year.
For the first quarter 2016, ams expects softer end market demand, particularly in its smartphone business, and typical seasonal effects to result in sequentially lower expected revenues of EUR 131-138 million.
Despite this development ams anticipates first quarter gross margin to remain on a comparable level to the fourth quarter 2015. Given the end market-driven revenue outlook, seasonal effects and continued R&D investments for growth, ams expects first quarter operating margin (excluding acquisition-related amortization) in a range of 18-20%.
Based on currently available information, ams expects its business to develop positively and record further growth in the current year.
For the first quarter 2016, ams expects softer end market demand, particularly in its smartphone business, and typical seasonal effects to result in sequentially lower expected revenues of EUR 131-138 million.
Despite this development ams anticipates first quarter gross margin to remain on a comparable level to the fourth quarter 2015. Given the end market-driven revenue outlook, seasonal effects and continued R&D investments for growth, ams expects first quarter operating margin (excluding acquisition-related amortization) in a range of 18-20%.
source : Press Release ams AG, Premstaetten, Austria, February 2, 2016
