AT&S adjusts outlook for the financial year 2026/27

EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
   Forecast
   AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts outlook for the
   financial year 2026/27

   17-Dec-2024 / 19:57 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.

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   AT&S adjusts outlook for the financial year 2026/27

    

   Disclosure of inside information pursuant to Article 17 MAR

    

   Leoben – Based on the current revision of the mid-term planning the
   Management Board of AT&S decided today to adjust the guidance for the
   financial year 2026/27. The company now expects the following for the
   financial year 2026/27:

     • Annual revenue between € 2.1 and € 2.4 billion (previously: approx.
       € 3.0 billion)
     • EBITDA margin of approximately 24‒28% (previously: 27‒32%)
     • Net debt/EBITDA <3 (unchanged)
     • ROCE below the mid-term target of 12% (previously: >12%)
     • Equity ratio, assuming repayment of hybrid capital at the end of the
       2026/27 financial year, temporarily <20% (previously: ~20%)

    

   The adjustments are due to a persistent weakness of the market coupled
   with overcapacities for printed circuit boards and IC substrates, and the
   resulting price pressure.

    

   Due to the weak market environment, efforts to cut costs are being
   intensified significantly and all investments are subject to intensive
   review.

    

    

    

   AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced
   Technologies & Solutions

   AT&S is a leading global manufacturer of high-quality IC substrates and
   printed circuit boards as well as a developer of pioneering interconnect
   technologies for the core areas of mobile devices, automotive & aerospace,
   industrial, medical and high-performance processors for VR and AI
   applications. 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
   facility for IC substrates is currently being ramped up in Kulim,
   Malaysia. A European competence center with connected series production
   for IC substrate technologies is being built in Leoben. Both sites will
   start production in the financial year 2024/25. The company currently
   employs more than 13,500 people. For further information please visit
   (1)www.ats.net

    

    

    

    

    

   End of Inside Information

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   17-Dec-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:    English
   Company:     AT&S Austria Technologie & Systemtechnik AG
                Fabriksgasse 13
                8700 Leoben
                Austria
   Phone:       +43 (1) 3842200-0
   E-mail:      ir@ats.net
   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: 2053269


    
   End of Announcement EQS News Service


   2053269  17-Dec-2024 CET/CEST

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