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    AMS   AT0000A18XM4

AMS AG

(AMS)
  Report
Delayed Quote. Delayed Swiss Exchange - 05/07 11:30:23 am
18.27 CHF   +2.55%
05/06AMSá : Deutsche Bank reiterates its Neutral rating
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05/04Global markets live: Verizon, Pandora, HelloFresh...
05/04AMSá : Barclays gives a Sell rating
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ams Expects Positive Development in 2Q Thanks to Auto Demand

05/04/2021 | 01:59am EDT

By Kim Richters

Ams AG on Tuesday released results for the first three months of the year and said it expects business in the second quarter to be driven by a recovery in global automotive demand.

The Austrian sensor maker, which is listed in Switzerland, said first-quarter performance was robust but didn't provide any comparable year-on-year figures due to its acquisition of Osram Licht AG since then.

First-quarter group revenue came in at $1.55 billion and net profit was $5 million, it said.

The company said it expects business to continue to develop positively in the second quarter, driven by a strong recovery of world-wide automotive demand and supported by solid demand in other business areas, despite a generally tight supply chain.

At the same time, it guided for sequentially lower revenue of between $1.43 billion and $1.53 billion for the second quarter. "Pandemic-related effects continue to influence regional economies and end markets with different intensity," Ams said.

Late on Monday, Ams said it intends to launch a public delisting tender offer for the remaining around 28% of Osram shares it doesn't yet own against a cash consideration of 52.30 euros ($63.10) for each Osram share.

At 0735 GMT, shares in Ams traded 3.3% higher at CHF16.52.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

05-04-21 0359ET

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More news
Financials
Sales 2021 5 149 M 6 260 M 6 260 M
Net income 2021 205 M 250 M 250 M
Net Debt 2021 1 701 M 2 068 M 2 068 M
P/E ratio 2021 32,1x
Yield 2021 -
Capitalization 4 346 M 5 278 M 5 284 M
EV / Sales 2021 1,17x
EV / Sales 2022 1,07x
Nbr of Employees 29 753
Free-Float 94,1%
Chart AMS AG
Duration : Period :
ams AG Technical Analysis Chart | MarketScreener
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Technical analysis trends AMS AG
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 21,52 €
Last Close Price 16,67 €
Spread / Highest target 69,5%
Spread / Average Target 29,1%
Spread / Lowest Target -24,6%
EPS Revisions
Managers and Directors
NameTitle
Alexander Friedrich Everke Chief Executive Officer
Ingo Bank Chief Financial Officer
Hans J÷rg Kaltenbrunner Chairman-Supervisory Board
Thomas Stockmeier Chief Technology Officer
Michael Grimm Vice Chairman-Supervisory Board
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