ams Q2-2020 results overview
Premstaetten, Austria (29 July 2020) — ams (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, reports record revenues for the second quarter, up 13% year-on-year and at the mid-point of the expectation range, with strong adjusted operating profitability at the top end of the expectation range. This growth was driven by demand in ams’ consumer business, even with the ongoing Covid-19 pandemic and its macro-economic and end market impact which resulted in muted automotive and industrial demand. Despite these factors ams expects a very good third quarter with revenues of USD 530-570 million and continued strong profitability resulting in an adjusted operating (EBIT) margin of 21-24%.
