EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s): Change in forecast/sales development AT&S Austria Technologie & Systemtechnik AG: AT&S corrects sales forecast for the current financial year 2023/24 January 19, 2024 / 1:37 p.m. CET/CEST Publication of a Insider information according to Article 17 of Regulation (EU) No. 596/2014, transmitted by EQS News – a service of EQS Group AG. The issuer/publisher is responsible for the content of the message. ═════════════════════════════════════════ ═════════ ════════════════════════ AT&S corrects sales forecast for the current 2023/24 financial year Publication of insider information in accordance with Article 17 MAR Leoben – AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has adjusted its sales expectations for the current 2023/24 financial year due to lower demand due to high inventories, especially for servers, as well as an unfavorable product mix and increased price pressure. AT&S expects to achieve annual sales of around €1.6 billion in the 2023/24 financial year (previously: between €1.7 and 1.9 billion). The EBITDA margin adjusted for start-up costs will be in the expected range between 25 and 29%. According to preliminary figures, consolidated sales in the first three quarters of the 2023/24 financial year amounted to approximately €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 amounting to approximately €55 million (previous year: €37.6 million). AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions AT&S is a world-leading manufacturer of high-quality IC substrates and printed circuit boards. AT&S industrializes future-oriented technologies for the core businesses of IC substrates, mobile devices, automotive & aerospace, industrial and medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) as well as plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). A new high-end IC substrate manufacturing facility is currently being built in Kulim, Malaysia. And a European competence center with associated series production for IC substrate technologies is being built in Leoben. The company employs around 14,000 people. Further information can also be found at (1) www.ats.net
Media contact: Gerald Reischl, Vice President Corporate Communications Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; (2)g.reischl@ats.net Investor Relations Contact: Philipp Gebhardt, Senior Director Investor Relations Tel: +43 3842 200 2274; Mobile: +43 664 7800 2274; (3)p.Gebhardt@ats.net AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 8700 Leoben / Austria (4) www.ats.net
End of inside information ═══════════════════════════════════════ ════════ ═══════════════════════════ 01/19/2024 CET/CEST Announcement transmitted by EQS Group AG.
www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: German Company: AT&S Austria Technologie & Systemtechnik AG Fabriksgasse 13 8700 Leoben Austria Telephone: +43 (1) 3842200-0 Email: ir@ats.net
Internet: www.ats.net
ISIN: AT0000969985, AT0000A09S02 WKN: 922230 Indices: ATX Exchanges: Open market in Berlin, Düsseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (official trading) EQS News ID: 1819155 End of announcement EQS News Service 1819155 01/19/2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=0f51707980ec28aa6913e5887cb44c51&application_id=1819155&site_id=apa_ots_austria&application_name=news
2. g.reischl@ats.net
3. p.gebhardt@ats.net
4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=0f51707980ec28aa6913e5887cb44c51&application_id=1819155&site_id=apa_ots_austria&application_name=news