austriamicrosystems AG
Ad hoc-Service: Austria Mikro Systeme engl
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Austria Mikro Systeme Group – Preliminary figures for 1998:
Slight market gains despite difficult framework conditions…
Group result of -76.7 MATS in line with expectations…
Positive developments with new projects and engineering sales
revenues
According to preliminary figures 1998, Austria Mikro Systeme
Group achieved net sales of 1,619.9 MATS (1997: 1,656.9 MATS).
This represents a slightly better development than the relevant
market, which decreased by 3.5% in the corresponding period.
Market segment annual comparison studies showed a transfer of
sales revenues from Communications (from 37% to 28%) to
Automotive (from 16% to 19%) and Industrial (from 28% to 31%).
Order entries of the Group decreased by 7.4% to 1,566.6 MATS in
the reporting period (1997: 1,691.5 MATS). Order entries in the
fourth quarter 1998, 361.9 MATS, were slightly below the number
in the second quarter (370.8 MATS). Order backlog amounted to
389.1 MATS, a drop of 14.6% compared to 1997 (31.12.1997: 455.4
MATS).
The Group result for 1998 is expected -as announced in the last
letter to shareholders- to amount to approximately -76.7 MATS
(1997: 34.5 MATS).
The main contributing factors to this development are a slight
reduction in sales revenues, the not satisfactory capacity
utilisation at Thesys, increased expenses for external
services, an increase in costs for new engineering projects,
one-off expenses for the strategy project completed October
1998 and increasing costs for the development of standard
products and new processes.
Positive developments in 1998 were the number of project starts
and engineering sales revenues which are the basis for sales
revenues growth in the future. Compared to 1997, new project
starts increased by 17%, engineering sales revenues achieved a
gain of 15%.
Preliminary figures 1998:
1997 1998 Change in %
in MATS in MATS
Net sales 1,656.9 1,619.9 -2.2
Group result 34.5 -76.7
Order entries 1,691.5 1,566.6 -7.4
Order backlog 455.4 389.1 -14.6
Employees 1,099 1,105 +0.5
(excl.
apprentices)
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