EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s): Forecast/capital increase AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts forecast, is not considering a capital increase, is obtaining binding offers for the sale of Ansan, for the 2023 financial year /24 no dividend 05/10/2024 / 2:52 p.m. CET/CEST Publication of inside information in accordance with 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 adjusts forecast for the 2026/27 financial year, is not currently considering a capital increase, intends to make binding offers for the sale of the Ansan plant , Korea, and proposes not to pay a dividend for the 2023/24 financial year. Publication of insider information in accordance with Article 17 MAR Leoben – Based on the latest market forecasts, the AT&S Management Board today decided to adjust the forecast for the 2026/27 financial year and to implement the cost optimization programs intensify. The company now expects – including the contribution from the Ansan, Korea plant – for the 2026/27 financial year: • Annual sales of around €3.1 billion (previously: around €3.5 billion) • EBITDA margin of 27-32 % (unchanged) • ROCE of >12% (unchanged) • Net debt/EBITDA of <3 (unchanged) • Equity ratio at
In this still volatile market environment, the AT&S board of directors has decided not to carry out a capital increase for the time being. Discussions with potential investors have ended.
The company now intends to sell the plant in Ansan, Korea, which primarily serves the medical market. The company has therefore decided to obtain binding offers for the sale. In the 2023/24 financial year, the plant’s sales were €76 million and EBITDA was €38 million. Based on existing non-binding offers and the high level of interest in the transaction, AT&S will now obtain binding offers. Depending on the resulting conditions, the Board of Directors will make further decisions in the coming months.
In this environment, the AT&S Management Board has decided, subject to the approval of the Supervisory Board, to propose to the 30th Annual General Meeting on July 4, 2024 that no dividend be paid for the 2023/24 financial year (previous year: €0.40 per share).
The annual results for the 2023/24 financial year will be published on May 14, 2024 and the annual report on
Published June 6, 2024.
Ende der Insider information
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May 10, 2024 CET/CEST Announcement transmitted by EQS Group AG. www.eqs.com
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Language: German
Company: AT&S Austria Technologie & Systemtechnik AG Fabriksgasse 13
8700 Leoben
Austria
Phone: +43 (1) 3842200-0
Email: ir@ats.net
Internet: www.ats.net
SERVICE: AT0000969985, AT0000A09S02
WKN: 922230
Indizes: ATX
Stock exchanges: open market in Berlin, Düsseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (official trading)
EQS News ID: 1900657
End of message EQS News Service
1900657 10.05.2024 CET/CEST
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