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AT&S Austria Technologie & Systemtechnik AG
Earnings Release • Jan 19, 2024
736_iss_2024-01-19_8927a336-875d-41b9-a1d2-5f9dc6eb7388.pdf
Earnings Release
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EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s): Change in Forecast/Development of Sales AT&S Austria Technologie & Systemtechnik AG: AT&S corrects revenue forecast for the current financial year 2023/24
19-Jan-2024 / 13:37 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
AT&S corrects revenue forecast for the current financial year 2023/24
Disclosure of inside information pursuant to Article 17 MAR
Leoben – AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has adjusted its revenue forecast for the current financial year 2023/24 due to lower demand caused by high inventory levels, particularly for servers, as well as an unfavourable product mix and increased price pressure.
AT&S expects to generate annual revenue of around € 1.6 billion in the financial year 2023/24 (previously: between € 1.7 and 1.9 billion). The EBITDA margin adjusted for start-up costs will be in the expected range of 25% to 29%.
According to preliminary figures, Group revenue in the first three quarters of the financial year 2023/24 totalled to around € 1.2 billion (previous year: € 1,489 million). The EBITDA margin adjusted for start-up costs was between 26% and 27% (previous year: 30.4%), with start-up costs totalling to around € 55 million (previous year: € 37.6 million).
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions
AT&S is a globally leading manufacturer of high-end IC substrates and printed circuit boards. AT&S industrialises leading-edge technologies for its core business segments IC Substrates, Mobile Devices, Automotive & Aerospace, Industrial and Medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). A new high-end production site for IC substrates is currently being established in Kulim, Malaysia. In Leoben, a European competence centre including series production is being built.
The company employs roughly 14,000 people. For further information please visit www.ats.net
Press contact:
Gerald Reischl, Vice President Corporate Communications
Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; [email protected]
Investor Relations contact:
Philipp Gebhardt, Senior Director Investor Relations
Tel: +43 3842 200 2274; Mobile: +43 664 7800 2274; [email protected]
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
Fabriksgasse 13 8700 Leoben / Austria www.ats.net
End of Inside Information
19-Jan-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
Language: English Company: AT&S Austria Technologie & Systemtechnik AG Fabriksgasse 13
8700 Leoben Austria Phone: +43 (1) 3842200-0 E-mail: [email protected] Internet: www.ats.net ISIN: AT0000969985, AT0000A09S02 WKN: 922230 Indices: ATX Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market) EQS News ID: 1819155
End of Announcement EQS News Service