AT&S Austria Technologie & Systemtechnik AG

Earnings Release • Jun 21, 2000

News Details

Ad-hoc | 21 June 2000 08:00

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

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— AGENDA: 1) Result for the fiscal year 1999/2000 2) Plant in China 3) Turnaround Augsburg 4) Outlook 2000/2001 AD 1) Result for the fiscal year 1999/2000 —————————————————- AT&S Austria Technologie und Systemtechnik AG announces herewith its full year results for the fiscal year 1999/2000: Consolidated statements of income pursuant to US GAAP for the period April 1 – March 31 in thousand EURO (Extracts of the full P&L) April 1 – March 31 1999 1998 Total revenues 233,219 151,181 Cost of sales (186,057) (128,357) Gross profit 47,162 22,824 Total operating expenses (17,175) (12,371) Operating income 29,987 10,453 Financial results (123) (453) Income taxes (760) (2,335) Income from continuing Operations 29,104 7,665 Loss from discontinued Operations (1,528) 259 Net Income 27,576 7,924 EBIT margin 12,9% 6,9% EBITDA margin 21,3% 14,9% Return/Sales 12,5% 5,1% Return/Equity 14,8% 9,9% Return on Capital Employed 14,0% 8,4% Earnings per share for the Period pursuant US GAAP 2.15 0.77 Weighted average number of Shares outstanding 12,473,000 10,000,000 Consolidated Statements of cash flow (US GAAP) for the period April 1 – March 31 in thousand EURO (Extracts of the full cash flow statement) April 1 – March 31 1999 1998 Operating Cash Flow 46,186 20,664 Change in working capital (9,242) (3,026) Net cash provided by Operating activities 36,944 16,638 Net cash used in investing activities (117,573) (51,665) Net cash provided by financing activities 85,514 20,589 Increase in cash and Cash equivalents 5,028 (13,438) The full 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) Plant in China ————————————— Having received the go ahead of the Supervisory Board AT&S will acquire a piece of land in the Shanghai area for the construction of a new plant. This plant will be a replication of the new HDI/Microvia plant in Hinterberg II. We expect to invest Euro 100 to 130 million in this new Chinese plant. Begin of production is scheduled for the beginning of 2002. AD 3) Turnaround in Augsburg —————————————- From todays point of view we expect to reach the turn around in Augsburg in the course of June 2000. Augsburg will contribute positively to the full year results 2000/2001. AD 4) Outlook 2000/2001 —————————- For the fiscal year 2000/2001 we expect revenue growth of 40%. EPS growth should reach about 28% (base: 1999/2000 EPS excluding one off items, rebased to 14 million shares) that is Euro 1.90. If you have any inquiries please contact Nicolas Pawloff Investor Relations Tel: +43 384 220 0211 Ende der Mitteilung