EQS-News: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
Disposal
AT&S completes the sale of the plant in Ansan, Korea
31.01.2025 / 15:59 CET/CEST
The issuer is solely responsible for the content of this announcement.
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AT&S completes the sale of the plant in Ansan, Korea
Leoben – AT&S and SO.MA.CI.S. S.p.A. have today successfully closed the
sale of all AT&S shares in AT&S Korea CO., LTD. (and thus the plant in
Ansan, Korea) to SO.MA.CI.S.
“We are pleased that with SO.MA.CI.S. we have found a new owner who sees
the further potential of the plant and will leverage it,” explains Peter
Schneider, Spokesman of the Management Board. “The sale has enabled us to
further sharpen our strategic profile, and the cash inflow from the sale
will strengthen our financial position,” emphasizes CFO Petra Preining.
The purchase price (equity value) amounts to € 405 million plus around
€ 17 million in interest income (equity ticker). Management expects the
transaction to result in a cash inflow of € 386 million after deduction of
taxes, of which € 79 million has already been received in the form of
dividend payments and an advance payment as of December 31, 2024. The
ratio of net debt to EBITDA will thus be reduced to below 3.
The company will publish further details as part of its nine-month figures
for 2024/25 on February 4, 2025
AT&S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced
Technologies & Solutions
AT&S is a leading global manufacturer of high-end IC substrates and
printed circuit boards. AT&S industrializes leading-edge technologies for
its core business segments Mobile Devices & Substrates, Automotive &
Aerospace, Industrial and Medical and high-performance computing for VR
and AI applications. AT&S has a global presence with production sites in
Austria (Leoben, Fehring) as well as plants in India (Nanjangud) and China
(Shanghai, Chongqing). A new high-end production site for IC substrates is
currently being established in Malaysia (Kulim). In Leoben, a European
competence center including series production for IC substrate
technologies is being built. Both sites will start production in the
financial year 2024/25. The company currently employs 13,000 people. For
further information please visit (1)www.ats.net
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31.01.2025 CET/CEST This Corporate News was distributed by EQS Group.
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: 2079169
End of News EQS News Service
2079169 31.01.2025 CET/CEST
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