EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
Forecast/Change in Forecast
AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts outlook for the
current financial year 2024/25
28-Oct-2024 / 19:12 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 current financial year 2024/25
Disclosure of inside information pursuant to Article 17 MAR
Leoben – For the 2024/25 financial year, the management assumes that the
price pressure and volatile ordering behaviour of a key customer will
continue. The weakness in the European automotive and industrial markets
is also expected to continue. In addition, high-volume production at the
two new plants will start one to two quarters later than originally
planned, meaning that they are no longer expected to contribute to revenue
in the financial year. Accordingly, the costs incurred until then are
reported as start-up costs.
For these reasons, the company is adjusting its outlook for the 2024/25
financial year.
The revenue and EBITDA contribution of the plant in Ansan will continue to
be included in the respective items of the consolidated income statement
until the sale process is completed (IFRS 5, Disposal Group). The proceeds
from the sale will not be included in the adjusted EBITDA margin.
AT&S now expects to generate annual revenue of between € 1.5 and
1.6 billion in the financial year 2024/25 (previously: € 1.6 and
1.7 billion (excluding revenue from the plant in Ansan) and € 1.7 and
1.8 billion (including revenue from the plant in Ansan)).
Excluding the effects from the start-up of the new production capacities
in Kulim and Leoben and one-off costs from the implementation of the cost
optimization and efficiency program of up to € 110 million (previously: up
to € 88 million), the adjusted EBITDA margin is expected to be between 24
and 26% (previously: 24 and 26% (excluding the contribution from the plant
in Ansan) and 25 and 27% (including the contribution from the plant in
Ansan)).
The company will publish further details as part of its half-year figures
2024/25 on October 31, 2024.
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 13,500 people. For further information please
visit (1)www.ats.net
Press 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
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28-Oct-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: 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: 2017581
End of Announcement EQS News Service
2017581 28-Oct-2024 CET/CEST
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