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Graz / Zurich. AMS, a Swiss-based maker of sensors and chips, listed on the Swiss Stock Exchange, suffered a loss in the second quarter, but fell short of analysts' expectations. In addition, the company that has 11,000 employees has given good prospects because it should be overcome due to a change of model at a major smartphone maker. This has boosted AMS securities by more than nine percent.
The company, which has not officially confirmed to be a supplier of Apple, recorded sales of $ 252.8 million. That's 18% more than a year ago, but significantly less than in the first quarter ($ 452.7 million). AMS warned of a collapse of this magnitude in April
The operating loss was $ 48.6 million, compared to $ 1.6 million a year ago. There was a net of $ 34.6 million, the adjusted value for options and a value of convertible bonds was even minus $ 103.5 million.
In the third quarter, Alexander Everke, CEO of AMS, expects a turnover of 450 to 490 million dollars. For the second half of the year, Everke expects a record sales. Investors are relieved that AMS has overcome the underutilization due to production cuts, especially for its flagship product Apple iPhone X, according to analysts. AMS recently won as a customer the Chinese smartphone manufacturer Xiaomi. (ag.)
("Die Presse", printed edition, 25.07.2018)
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