EQS-Adhoc: AT&S Austria Technologie & Systemtechnik AG: AT&S corrects revenue forecast for the current financial year 2023/24

EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
Change in Forecast/Development of Sales
AT&S Austria Technologie & Systemtechnik AG: AT&S corrects revenue
forecast for the current financial year 2023/24

19-Jan-2024 / 13:37 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 corrects revenue forecast for the current financial year 2023/24

 

Disclosure of inside information pursuant to Article 17 MAR

 

Leoben – AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has
adjusted its revenue forecast for the current financial year 2023/24 due
to lower demand caused by high inventory levels, particularly for servers,
as well as an unfavourable product mix and increased price pressure.

 

AT&S expects to generate annual revenue of around € 1.6 billion in the
financial year 2023/24 (previously: between € 1.7 and 1.9 billion). The
EBITDA margin adjusted for start-up costs will be in the expected range of
25% to 29%.

 

According to preliminary figures, Group revenue in the first three
quarters of the financial year 2023/24 totalled to around € 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
totalling to around € 55 million (previous year: € 37.6 million).

 

 

 

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 14,000 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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19-Jan-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: 1819155

 
End of Announcement EQS News Service

1819155  19-Jan-2024 CET/CEST

References

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2. g.reischl@ats.net
3. p.gebhardt@ats.net
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