ams reported Q2 revenues of €181.5m, corresponding to a 21.6% increase sequentially and 37.1% yoy. The Products business line accounted for €167.1m (+22.1% sequentially, +38.7% yoy), leaving €14.4m to the Foundry business (+21% yoy). The adjusted gross margin reached 41.4% (34.7% in IFRS), down 1460bp yoy (1870bp in IFRS) following fab underutilisation as a consequence of capacity expansion to support the expected H2 ramp-up, similar to Q1; the adjusted EBIT, came in at €1
25 Jul 2017
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ams-OSRAM AG (0QWC:LON) | 0 0 (-2.9%) | Mkt Cap: 9,345m
- Published:
25 Jul 2017 -
Author:
Charles Bordes -
Pages:
3
ams reported Q2 revenues of €181.5m, corresponding to a 21.6% increase sequentially and 37.1% yoy. The Products business line accounted for €167.1m (+22.1% sequentially, +38.7% yoy), leaving €14.4m to the Foundry business (+21% yoy). The adjusted gross margin reached 41.4% (34.7% in IFRS), down 1460bp yoy (1870bp in IFRS) following fab underutilisation as a consequence of capacity expansion to support the expected H2 ramp-up, similar to Q1; the adjusted EBIT, came in at €1