AT&S Austria Technologie & Systemtechnik AG

Earnings Release • Jul 22, 2010

News Details

Ad-hoc | 22 July 2010 07:36

AT&S publishes results for first quarter 2010/11 and revises outlook for financial year 2010/11

AT&S Austria Technologie & Systemtechnik AG / Quarter Results

22.07.2010 07:36

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The issuer is solely responsible for the content of this announcement.

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Vienna, 22 July 2010
AT&S publishes results for first quarter 2010/11
and revises outlook for financial year 2010/11

• AT&S has started its financial year 2010/11 with one of the best first
  quarter results in its history. The 14% increase in revenues compared
  with the preceding quarter meant not only a respectable pre-tax profit,
  but was also substantially in excess both of AT&S forecasts and of
  market expectations. The EBIT margin also improved, and net debt was
  significantly reduced.

• Revenues for the first quarter of 2010/11 came to EUR 114m, some 37%
  higher than in the first quarter of 2009/10. Earnings before interest
  and tax (EBIT) for first quarter 2010/11 - adjusted for non-recurring
  items - came to EUR 10.1m, which was 14% higher than in the preceding
  quarter and almost at the same level as before the crisis.

• Although net capital investment rose from EUR 2m in the previous
  quarter to EUR 19m in the first quarter of 2010/11, the Group's net
  debt ratio fell by more than 24 percentage points, resulting in a net
  gearing of 62%.

• AT&S is planning to further expand capacity in its facilities in
  Shanghai (China) and Nanjangud (India). In its expansion, respect for
  the environment and safety is a major concern of AT&S's management at
  all its locations worldwide.

• AT&S is raising its outlook for the current financial year - assuming
  stable exchange rates, sales revenues are now projected to rise to EUR
  470m - 500m, with an EBIT margin =9%. The actual capital spent during
  this financial year is estimated to be in the region of EUR 100m - EUR
  110m.

                        Q1 2010/11   Margin   Q4 2009/10   Margin
  

  Total revenues* 113,9 99,7
  Gross profit* 19,8 17,4% 12,8 12,9%
  EBITDA* 21,9 19,3% 17,3 17,30%
  EBIT* 10,1 8,9% 6,2 6,20%
  PBT 10,1 8,9% 4,5 4,5%
  Net income 7,57 6,6% 2,7 2,8%
  EPS** 0,33 0,12
  Avg.# share outstanding *** 23323 23323

* in EUR million excl. non-recurring items

** in EUR

*** in million shares

The published results can be downloaded from the investors' section of
www.ats.net as of 8am (CET) today.

For more information contact Martin Theyer, Head of Strategy Development &
Communication
Tel.: +43 3842 200 5909; E-mail: m.theyer@ats.net

22.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: AT&S Austria Technologie & Systemtechnik AG
Fabriksgasse 13
8700 Leoben
Österreich
Phone: +43 (1) 3842200-0
Fax: +43 (1) 3842200-216
E-mail: info@ats.net
Internet: www.ats.net
ISIN: AT0000969985, AT0000A09S02
WKN: 922230
Listed: Freiverkehr in Berlin, Düsseldorf, München, Hannover,
Stuttgart, Hamburg; Open Market in Frankfurt; Foreign
Exchange(s) Wien (Amtlicher Handel / Official Market)

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