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ams AG (AMS.S)

AMS.S on Virt-X Level 1

34.75CHF
26 Apr 2019
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Latest Key Developments (Source: Significant Developments)

AMS: Repurchase Of Convertible Bonds
Tuesday, 12 Mar 2019 

March 12 (Reuters) - AMS AG ::REPURCHASE OF CONVERTIBLE BONDS USD 350,000,000 0.875% CONVERTIBLE BOND 2017 - 2022 AS WELL AS EUR 600,000,000 ZERO-COUPON CONVERTIBLE BOND 2018 - 2025.  Full Article

AMS Extends Contract Of CFO Michael Wachsler-Markowitsch
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - ams AG ::ANNOUNCES EXTENSION OF MANAGEMENT BOARD CONTRACT FOR CFO MICHAEL WACHSLER-MARKOWITSCH UNTIL 2022.  Full Article

Ams AG Says Adj Net Income For 2018 Was $12.1 Mln
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - ams AG ::REPORTS RECORD REVENUES FOR FULL YEAR 2018, UP 34% YEAR-ON-YEAR.GROUP REVENUES FOR Q4 2018 WERE USD 491.4 MILLION, UP 4%.GROUP REVENUES FOR 2018 WERE USD 1,627.4 MILLION, GROWING BY 34% FROM USD 1,213.8 MILLION IN 2017.EBIT FOR Q4 2018 WAS USD 61.9 MILLION OR 13% OF REVENUES.ADJUSTED NET INCOME FOR 2018 WAS USD 12.1 MILLION WHILE ADJUSTED NET INCOME FOR Q4 2018 WAS USD 1.7 MILLION.Q4 2018 CASH FLOW FROM OPERATIONS WAS USD 293.5 MILLION.FOR Q1 2019, AMS EXPECTS REVENUES TO REFLECT CURRENT MORE UNFAVORABLE END MARKET ENVIRONMENT AND SUBDUED SMARTPHONE DEMAND IN ADDITION TO CHARACTERISTIC Q1 CONSUMER MARKET SEASONALITY.EXPECTS Q1 REVENUES OF USD 350-390 MILLION.TOTAL BACKLOG ON 31 DECEMBER 2018 USD 332.9 MILLION (USD 590.2 MILLION ON 30 SEPTEMBER 2018).AMS FORESEES A Q1 ADJUSTED OPERATING (EBIT) MARGIN IN LOW SINGLE-DIGIT PERCENTAGE RANGE..DECIDED TO SUSPEND ITS CASH DIVIDEND POLICY FOR FISCAL YEAR 2018.TO EXPECT VERY SIGNIFICANTLY LOWER CAPITAL EXPENDITURES FOR 2019 COMPARED TO 2018.DECIDED TO POSTPONE PLANNED SECONDARY LISTING AT HONG KONG STOCK EXCHANGE (HKEX).EXPECTS TO PURSUE PLANNED SECONDARY LISTING AT A LATER POINT IN TIME.  Full Article

AMS AG enters partnership with Face++
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Ams Ag ::Says to ease implementation of 3D optical sensing technology through partnership with software specialist Face++.Says agreed a co-operation arrangement to accelerate OEMS’ and system integrators’ deployments of 3D optical sensing technologies such as face recognition.Says AMS and Face++ will co-ordinate efforts to ensure that the operation of AMS 3D optical sensing systems and Face++ technologies are optimized for each other.Says AMS and Face++ will also collaborate on customer service to provide co-ordinated system-level technical support to product manufacturers.  Full Article

ams Expects Q4 Revenues Of USD 480-520 Million, A Sequential Increase From Q3
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - ams AG ::AMS NOW EXPECTS Q4 REVENUES OF USD 480-520 MILLION, A SEQUENTIAL INCREASE FROM Q3.AMS- ADJUSTED OPERATING MARGIN FOR Q4 (EXCLUDING ACQUISITION-BASED AND SHARE-BASED COMPENSATION COSTS) IS NOW EXPECTED TO REACH LOW TO MID-TEENS PERCENT RANGE.CO CONTINUES TO EXPECT STRONG CASH FLOW GENERATION AND A MEANINGFUL FREE CASH FLOW IN Q4 SUPPORTING ITS BALANCE SHEET STRUCTURE.EXPECTS ANNUAL DOUBLE-DIGIT REVENUE GROWTH FOR COMING YEARS WITH AN EXPANSION OF ADJUSTED OPERATING MARGIN TOWARDS AMS' TARGET OF 30%.  Full Article

AMS: Partial Buyback Of Bonds
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - ams AG ::ANNOUNCES PARTIAL BUYBACK OF USD CONVERTIBLE BONDS, DUE 2022, AND/OR EUR CONVERTIBLE BONDS, DUE 2025.MARKET VALUE OF UP TO USD 100 MILLION, EQUIVALENT TO APPROX. EUR 88 MILLION, FROM COMPANY FUNDS, DEPENDING ON MARKET CONDITIONS.  Full Article

Ams Places EUR 600 million 7-year zero-coupon convertible bonds
Monday, 26 Feb 2018 

Feb 26 (Reuters) - AMS AG ::EANS-ADHOC: AMS AG / AMS ANNOUNCES SUCCESSFUL PLACEMENT OF EUR 600 MILLION 7 ....‍ANNOUNCES SUCCESSFUL PLACEMENT OF EUR 600 MILLION 7-YEAR ZERO-COUPON CONVERTIBLE BONDS​.‍BONDS ARE INITIALLY CONVERTIBLE INTO 4.41 MILLION NEW ORDINARY NO PAR VALUE BEARER SHARES​.‍BONDS HAVE BEEN ISSUED AT 102.0% OF THEIR PRINCIPAL AMOUNT​.‍INITIAL CONVERSION PRICE OF EUR 136.04​.‍WILL HAVE A MATURITY OF 7 YEARS AND WILL BE REDEEMED AT 100% OF THEIR PRINCIPAL AMOUNT​.‍SETTLEMENT IS EXPECTED ON OR AROUND 5 MARCH, 2018.​.  Full Article

Ams Launches EUR 600 Mln 7-Yr Zero-Coupon Convertible Bond Placement
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Ams AG ::LAUNCHES EUR 600 MILLION 7-YEAR ZERO-COUPON CONVERTIBLE BOND PLACEMENT.BONDS WILL HAVE A MATURITY OF 7 YEARS, WILL BE ISSUED BETWEEN 101.5% AND 107.0% OF THEIR PRINCIPAL AMOUNT.BONDS WILL BE CONVERTIBLE INTO NEW ORDINARY NO PAR VALUE BEARER SHARES FROM COMPANY'S CONDITIONAL CAPITAL.WILL BE OFFERED WITH A CONVERSION PREMIUM OF 45% ABOVE REFERENCE SHARE PRICE.SHARES WILL REPRESENT APPROXIMATELY 5.1% OF CURRENT OUTSTANDING SHARE CAPITAL.  Full Article

AMS Proposes Revised Shares-Only Earn-Out Structure To Former Heptagon Shareholders
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - AMS AG ::PROPOSES REVISED SHARES-ONLY EARN-OUT STRUCTURE TO FORMER HEPTAGON SHAREHOLDERS.PROPOSES STRUCTURE TO REFLECT HIGHER-THAN-EXPECTED CAPITAL EXPENDITURE REQUIREMENTS.KEY ELEMENT OF REVISED STRUCTURE IS A TOTAL DISTRIBUTION OF UP TO 3.9 MILLION AMS SHARES.SHARES AT AVERAGE CLOSING PRICE OF CHF 99.15.SHARE DISTRIBUTION WILL COME FROM EXISTING TREASURY SHARES WITHOUT ANY NEW SHARE DILUTION.IMPLEMENTATION OF PROPOSAL CONTINGENT ON THRESHOLD OF 60% OF PREFERRED HEPTAGON SHARES (APPROXIMATELY 56% OF TOTAL HEPTAGON SHARES).  Full Article

CEO Everke says chipmaker AMS wants to stay independent
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - AMS AG ::AMS CEO EVERKE SAYS COMPANY LOOKING AT ACQUISTIONS IN OPTICAL, IMAGING, AUDIO AND ENVIRONMENTAL TECH.AMS CEO EVERKE SAYS ANY SIZE OF DEAL IS POSSIBLE, COULD USE MONEY FROM BOND, OWN CASH FLOW AND SHARES FOR DEAL.AMS CEO EVERKE SAYS AMOUNT OF SHARES ISSUED IN POSSIBLE HONG KONG LISTING WILL BE DECIDED IN NEXT 12 MONTHS.AMS CEO EVERKE SAYS COMPANY WANTS TO REMAIN INDPENDENT.AMS CEO EVERKE SAYS INCREASED SALES GUIDANCE IS MIXTURE OF CONTRACTS WON AND INTENSIVE DISCUSSIONS WITH CUSTOMERS.AMS CEO EVERKE SAYS COMPANY HAS POTENTIAL FOR CONTENT TO RISE ABOVE USD10 PER PHONE.AMS CEO EVERKE SAYS HAVING STRONG DISCUSSIONS WITH CHINESE MOBILE PHONE CUSTOMERS.AMS CEO EVERKE SAYS ORDER BOOK LOOKS VERY HEALTHY.  Full Article

UPDATE 1-Siltronic profit warning knocks European chipmakers

LONDON, April 10 Shares of European chipmakers fell sharply on Wednesday after German silicon wafer maker Siltronic warned of a "significantly" weaker second quarter in the latest setback for a sector reeling from slowing smartphone demand.