austriamicrosystems AG
Ad hoc-Service: Austria Mikro Systeme
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Ad hoc-Service: Austria Mikro Systeme
Ad hoc-Mitteilung übermittelt durch die DGAP.
Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich.
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Information of Austria Mikro Systeme International AG:
First Half of 1998:Increase of sales revenue; burden on result;
reorientation of the group underway
In 1998, the semi-conductor industry is undergoing a phase of
reorientation all over the world. Last year’s growth is not
going to be repeated this year. Sales revenues of the Austria
Mikro Systeme group rose by 5.3 % in the first six months of
1998. The earnings development was not satisfying.
The integration of the group is still insufficient and had
negative effects on the result because of the higher costs for
external production, the under-utilisation of the Thesys
production line as well as the related fixed costs. Development
costs of new production technologies, license expenses and
expenditure in the framework of the strategy project were
further burdens on the profitability of the group. The result
from ordinary activities was minus ATS 59.1 m. in the first half
of 1998 and thus below the comparable amount of last year, i.e.
minus ATS 20.2 m. The group result amounted to minus ATS 26.6 m.
(last year: ATS 4.5 m.).
At a rate of new orders falling 14.4% short of last year with
ATS 833.8 m. in the first half of 1998, it was not possible to
replace phasing-out projects by a sufficient number of new
products ready for volume production. The 15.3 % increase in
engineering sales was very satisfying, just like the number of
full custom projects which increased by 13% compared to the
first six months of 1997.
The unsatisfactory revenue development of the last few years,
the quickly changing requirements of the market, shorter product
cycles as well as the trend towards system integration are
calling for a reorientation of the Austria Mikro Systeme group.
‘A focus on customers and on the market, profit orientation as
well as the definition of distinct responsibilities are the
basis of our new group strategy. As of now, the entrepreneurial
responsibility will be borne by four market and customer-
oriented business fields: COT (Customer Own Tooling),
Communications, Automotive and Industry’, explains Mag. Hans
Jörg Kaltenbrunner, Chairman of the Board of Austria Mikro
Systeme AG in detail. These segments will have profit
responsibility and take over the Sales, Marketing, Design and
Customer Service functions for the entire group.
In addition to the successful analogue-digital customised
circuit technology, the development of technological competence
in system integration (SLI) and product standardisation (ASSP)
will be reinforced. In the sense of further specialisation, the
market segments of magnet sensor technology, energy measuring,
theft protection systems for cars, accident prevention in
vehicle traffic and cordless telephony will be the focus areas
of ASSP and SLI development in future.
Clearly defined and formulated financial and operating goals on
corporate and business field level should ensure medium-term
growth and profitability. In the immediate future, the general
market conditions and costs of the group integration will be a
burden on the result. Mag. Johann Stritzelberger, member of the
Board of Austria Mikro Systeme AG: ‘Based on the figures
available now,we are expecting the same level of sales
development as last year and a balanced group result.’
Key figures:
GROUP A G
H1 98 H197 Changes H1 98 H1 97 Change
(MATS) (MATS) (in %) (MATS) (MATS) (in %)
Net Sales,
Net Sales 815.4 774.2 5.3% 621.4 579.9 7.2%
Order Entry 833.8 973.7 -14.4% 630.6 745.8 -15.4%
Order backlog 473.6 619.7 -23.6% 372.2 468.1 -20.5%
(30.6)
Earnings
position
Operating result -61.8 -21.4 -188.8% 13.8 58.9 -76.6%
Result from ord. -59.1 -20.2 -192.6% 21.9 62.6 -65.0%
activities
Annual result -66.1 -35.8 -84.6% 14.9 46.9 -68.2%
Group result aft -26.6 4.5 -691.1%
minorities
Cash Flow f. 51.0 8.8 479.5% 64.1 69.1 -7.2%
ord. activities
Capital 151.7 130.1 16.6% 118.8 97.8 21.5%
expenditure
Equity 1,858.5 1,967.5 -5.5% 1,656.0 1,614.0 2.6%
Gearing in % -1.7% -3.3% -5.3% -4.2%
Employees
Number (30.6.) 1,112 1,097 1.4% 690 688 0.3%
Ende der Mitteilung
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