AT&S Austria Technologie & Systemtechnik AG

Earnings Release • Nov 9, 2000

News Details

Ad-hoc | 9 November 2000 08:08

Ad hoc-Service: AT&S Austr.T. & Systemt. Inte

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— AGENDA: 1) Interim Result for the fiscal year 2000/2001 2) Cooperation with RIM 3) Augsburg 4) Outlook for the full year result AD 1) Interim Result for the fiscal year 2000/2001 —————————————————- AT&S Austria Technologie und Systemtechnik AG announces herewith its half-year result for the fiscal year 2000/2001: Consolidated statements of income pursuant to US-GAAP For the period April 1 – September 30 in thousand EURO (Extracts of the full P&L) April 1 – September 30 2000 1999 Net Sales 146,744 96,551 Total revenues 147,468 97,249 Cost of sales (113,580) (79,198) Gross profit 33,888 18,051 Total operating expenses (10,124) (7,859) Operating income 23,764 10,192 Financial results 125 (565) Income taxes (6,988) 1,090 Income from continuing operations 16,901 10,717 Loss from discontinued operations — (1,528) Net income 16,901 9,189 Earnings per share for the period pursuant US-GAAP 0.60 0.39 Weighted average number of shares outstanding 28,000,000 23,410,000 Consolidated Statements of cash flow (US-GAAP) For the period April 1 – September 30 in thousand EURO (Extracts of the full cash flow statement) April 1 – September 30 2000 1999 Operating Cash Flow 30,566 17,942 Change in working capital (10,741) (8,359) Net cash provided by operating activities 19,825 9,583 Net cash used in investing activities (18,038) (77,257) Net cash provided by financing activities 7,364 89,285 Increase in cash and cash equivalents 9,183 21,584 Key figures for the half-year pursuant to US-GAAP September 30 2000 1999 EBIT margin 16.1 % 10.5 % EBITDA margin 25.2 % 19.6 % Percentage of own funds 57.0 % 60.1 % Gearing 18.5 % 1.5 % ROE 16.8 % 8.4 % Net Debt in Euro million 38.3 2.6 The positive financial result for the first half-year 2000/2001 is attributable to the following: – Ideal product mix due to the further specialization of the plants – The new HDI/Microvia capacities were ramped up faster then expected – Pace at which automation was introduced in the production was increased The full half-year report can be retrieved from the home page of AT&S at www.atspcb.com or ordered by mail from AT&S at: Fabriksgasse 13, A-8700 Leoben AD 2) Cooperation with RIM (Research in Motion) AT&S and RIM will sign a 3-year strategic supply agreement. Through this agreement AT&S will be one of the major suppliers of HDI/Microvia PCBs for RIM. For the first year we expect a sales volume of at least 12 million Euros. Furthermore RIM and AT&S will cooperate closely in the field of new technologies. AD 3) Augsburg After the successful turn-around in June Augsburg was refocused to products for the telecommunication-infrastructure industry. This additional technology step into high layer count, complex HDI/Microvia PCBs led to a short term deterioration in yield and profitability in the Augsburg plant. AD 4) Outlook for the full year results In view of the highly positive development in the first six months we expect that AT&S will achieve the following result for the full year: EPS 1.30 Euro (basis 28 million shares) If you have any inquiries please contact Nicolas Pawloff Investor Relations Tel: +43 384 220 0211 Ende der Mitteilung