Unterpremstaetten, Austria (January 18, 2012) — austriamicrosystems (SIX: AMS), a leading global designer and manufacturer of high performance analog ICs for consumer, communications, industrial, medical and automotive applications, reports preliminary unaudited financial information for 2011 showing full year group revenues of EUR 275.7 million (USD 383.3 million), 32% higher compared to EUR 209.4 million for 2010 (38% in constant currency) and above the company’s full year guidance of EUR 270-275 million (USD 365-371 million). Fourth quarter group revenues 2011 were EUR 81.0 million, 40% higher than fourth quarter 2010 (39% in constant currency) and almost unchanged from the previous quarter.
Gross margin for the full year 2011 was 52% excluding an acquisition-related amortization charge and 51% including the acquisition-related amortization charge, a meaningful increase from 48% reported for 2010. Gross margin for the fourth quarter 2011 was 53% excluding an acquisition-related amortization charge and 50% including the acquisition-related amortization charge, compared to 51% in the fourth quarter 2010.
Based on the continuing market success and volume growth of its sensor and power management solutions, austriamicrosystems raises its previous 2012 guidance and now expects full year 2012 revenue growth of more than 20% with faster growth in earnings, based on currently available information. For the first quarter 2012 and in contrast to typical first quarter end market seasonality, austriamicrosystems expects a sequential increase in revenues compared to the fourth quarter 2011.
austriamicrosystems will publish detailed audited financial information for 2011 on February 29, 2012 before market open.