Strong Increase in Sales for austriamicrosystems

IndustrialsAutomotive ♦ Published: March 2, 2011; 00:01 ♦ (Vindobona)

austriamicrosystems reports financial results for fiscal year 2010. With net profits of € 23.1m, he company managed the turnaround.

Strong Increase in Sales for austriamicrosystems / Picture: © Austria Microsystems

austriamicrosystems (SIX: AMS), a designer and manufacturer of high performance analog ICs for consumer & communications, industry & medical and automotive applications, recorded strong revenue and earnings growth in 2010 driven by the dynamic recovery in the company’s target markets. 2010 full year revenues increased by 53% to a record high of € 209.4 m while the operating…