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21st Austria weekly - Pierer Mobility, ams (22/10/2019)

27.10.2019

ams: ams, a supplier of high performance sensor solutions, reports third quarter results with revenues above the top end of the guidance range and strong operating profitability that was well above expectations. Third quarter group revenues were USD 645.0 mn,  up 41% from USD 458.7 mn in the same quarter 2018. The adjusted result from operations (EBIT) for the third quarter was USD 177.9 mn, strongly increasing from USD 57.6 mn in the same period 2018. This very positive development was particularly driven by ams’ consumer business, the company said. Adjusted net income for the third quarter was USD 158.1 mn, compared to USD 17.8 mn for the same period 2018. On the basis of available information, ams expects fourth quarter revenues of USD 610-650 mn showing continuing strength and a year-on-year increase of 28% at the midpoint. The adjusted operating (EBIT) margin for the fourth quarter is expected to reach at least the level of the third quarter reflecting operational performance benefits and sequential strength while more than doubling year-on-year.
AMS: weekly performance: 4.90%

KTM/Pierer: The renaming of KTM Industries AG into Pierer Mobility AG resolved at the extraordinary general meeting of KTM Industries AG on October 4, 2019 was entered in the commercial register. The change of the company name was also implemented on the stock exchanges of the SIX Swiss Exchange and the Vienna Stock Exchange. The shares of Pierer Mobility AG will continue to be traded on the stock exchange under the ISIN AT0000KTMI02 (Swiss valor number: 41860974). The ticker symbol will change from KTMI to PMAG .
Pierer Mobility AG: weekly performance: 0.83%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (22/10/2019)


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21st Austria weekly - Pierer Mobility, ams (22/10/2019)


27.10.2019, 1743 Zeichen



ams: ams, a supplier of high performance sensor solutions, reports third quarter results with revenues above the top end of the guidance range and strong operating profitability that was well above expectations. Third quarter group revenues were USD 645.0 mn,  up 41% from USD 458.7 mn in the same quarter 2018. The adjusted result from operations (EBIT) for the third quarter was USD 177.9 mn, strongly increasing from USD 57.6 mn in the same period 2018. This very positive development was particularly driven by ams’ consumer business, the company said. Adjusted net income for the third quarter was USD 158.1 mn, compared to USD 17.8 mn for the same period 2018. On the basis of available information, ams expects fourth quarter revenues of USD 610-650 mn showing continuing strength and a year-on-year increase of 28% at the midpoint. The adjusted operating (EBIT) margin for the fourth quarter is expected to reach at least the level of the third quarter reflecting operational performance benefits and sequential strength while more than doubling year-on-year.
AMS: weekly performance: 4.90%

KTM/Pierer: The renaming of KTM Industries AG into Pierer Mobility AG resolved at the extraordinary general meeting of KTM Industries AG on October 4, 2019 was entered in the commercial register. The change of the company name was also implemented on the stock exchanges of the SIX Swiss Exchange and the Vienna Stock Exchange. The shares of Pierer Mobility AG will continue to be traded on the stock exchange under the ISIN AT0000KTMI02 (Swiss valor number: 41860974). The ticker symbol will change from KTMI to PMAG .
Pierer Mobility AG: weekly performance: 0.83%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (22/10/2019)



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