ams reports third quarter revenue growth

Press Wire ♦ Published: October 23, 2017; 18:02 ♦ (Vindobona)

ams, a supplier of high-performance sensor solutions, reports significant third quarter 2017 revenue growth in the guidance range and adjusted EBIT margin above expectations. As important optical solution ramps in ams' consumer business continue at high volumes, ams expects strong quarter-on-quarter growth with fourth quarter revenues of EUR 440-480 million, together with an adjusted EBIT margin of 26-29%.

ams reports third quarter revenue growth / Picture: ©

Third quarter group revenues were EUR 262.6 million (EUR 266.3 million based on
the guidance EUR/USD exchange rate of 1.16), up 45% sequentially compared to the
second quarter and up 79% from EUR 146.7 million in the same quarter 2016. On a
constant currency basis, third quarter revenues were 87% higher compared to the
third quarter last year.

In the third…

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