EQS-Adhoc: AT&S Austria Technologie & Systemtechnik AG: AT&S increases guidance for the current financial year 2022/23
EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
Change in Forecast
AT&S Austria Technologie & Systemtechnik AG: AT&S increases guidance for
the current financial year 2022/23
20-Jun-2022 / 15:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
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AT&S increases guidance for the current financial year 2022/23
Disclosure of inside information according to Article 17 MAR
Leoben –AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has
essentially adjusted three of its assumptions regarding the future
development within the current financial year:
• The start-up of the new production capacities at the plant in
Chongqing, China, is proceeding faster than previously expected and
the update of customer orders shows a higher-quality product mix,
which involves higher revenue and improved margins.
• The Covid-related lockdown in Shanghai, China, had significantly lower
negative effects on the Shanghai plant than expected in the company’s
planning so far.
• The expected exchange rate for the current year has been adjusted to
1.07 euros/US dollar (previously: 1.17 euros/US dollar) and 6.9
euros/RMB (previously: 7.5 euros/RMB).
Therefore, AT&S anticipates that revenue of roughly € 2.2 billion will be
generated in the financial year 2022/23 (previously: approx. € 2 billion).
The expected EBITDA margin adjusted for start-up costs will increase to 27
to 30% (previously: 23 to 26%). The assumptions regarding start-up costs
(€ 75 million) and the investment volume (€ 1,250 million) remain
unchanged. The outlook is based on the assumption that the global economy
will not enter a recession, no direct negative financial effects of the
geopolitical upheavals will result from the war in Ukraine and the Covid
situation in China will not lead to any long-term production downtimes.
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced
Technologies & Solutions
AT&S is a globally leading manufacturer of high-end printed circuit boards
and IC substrates. AT&S industrialises leading-edge technologies for its
core business segments Mobile Devices & Substrates, Automotive, 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. The
company employs roughly 13,000 people. For further information please
visit [1] www.ats.net
Press contact:
Gerald Reischl, Director Communications & Public Relations
Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; [2]g.reischl@ats.net
Investor Relations contact:
Philipp Gebhardt, 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
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20-Jun-2022 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: 1379551
End of Announcement EQS News Service
1379551 20-Jun-2022 CET/CEST
References
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2. g.reischl@ats.net
3. p.gebhardt@ats.net
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