austriamicrosystems Reports Improving Results

IndustrialsAutomotive ♦ Published: April 29, 2011; 08:52 ♦ (Vindobona)

austriamicrosystems reports year-on-year revenue and earnings growth for the first quarter of 2011 driven by robust demand across target markets.

austriamicrosystems Reports Improving Results / Picture: ©

First quarter group revenues were € 55.2 m, up 25% from € 44.0 m in the same quarter 2010 (25% in constant currency terms) and 5% lower quarter-on-quarter. Gross margin for the first quarter was 51%, 7 percentage points higher than in the same quarter 2010 and unchanged from the previous quarter.

The result from operations (EBIT) for the first quarter grew to € 8.2 m, up…