AT&S Austria Technologie & Systemtechnik AG

Earnings Release • Apr 26, 2010

News Details

Ad-hoc | 26 April 2010 12:01

AT&S Austria Technologie & Systemtechnik AG: Outlook

AT&S Austria Technologie & Systemtechnik AG / Forecast

26.04.2010 12:01

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Vienna, Austria, 26 April 2010

Financial Year 2009/10:
Revenues of EUR 372m expected

Financial Year 2010/11:
Revenues of EUR 435m expected
EBIT margin expected to exceed 7%
Effective tax rate of around 25%
Investments (CAPEX): approx. EUR 80m

On 11 May 2010, AT&S will release the results for its financial year
2009/10. At present, the Management is assuming that revenues will be
around EUR 372m.

Based on strong customer demand for large volumes of highly complex HDI
printed circuit boards (PCBs), AT&S will further expand the production
capacities of its Shanghai plant in the current financial year. The
respective investments will amount to about EUR 55m. Currently, machinery
is being installed in the new plant in India so that production can be
ramped-up in autumn 2010 to meet the increased demand for double-sided and
multilayer PCBs. The relevant investments will amount to around EUR 10m.
With additional investments of around EUR 5m in maintenance and investments
in new technologies of around EUR 10m, a total of roughly EUR 80m will be
invested in the future growth of AT&S. Around two thirds of that amount
will be spent in the first half of financial year 2010/11. As a consequence
of these investments and assuming stable foreign exchange rates, net
gearing might be up to 100%.

With the additional capacities in place, revenues in the current financial
year 2010/11 are expected to be in the region of EUR 435m. The EBIT margin
should exceed 7%, with profitability significantly higher in the second
half of the financial year, i.e. after having ramped-up the new capacities
in Asia. The effective tax rate will be approximately 25%.

Further information

AT&S Austria Technologie & Systemtechnik AG
Hans Lang, IRO
Tel: +43-1-68300-9259, E-mail: h.lang@ats.net, www.ats.net

26.04.2010 Ad hoc announcement, Financial News and Media 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, Hannover, München, Hamburg,
Düsseldorf, Stuttgart; Open Market in Frankfurt; Foreign
Exchange(s) Wien

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