EQS-Adhoc: AT&S Austria Technologie & Systemtechnik AG: AT&S revises outlook for the current financial year 2022/23
EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
Profit Warning
AT&S Austria Technologie & Systemtechnik AG: AT&S revises outlook for the
current financial year 2022/23
01-Feb-2023 / 15:56 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 revises outlook for the current financial year 2022/23
Public disclosure of inside information according to article 17 MAR
Leoben – AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has
adjusted its expectations for the current fiscal year 2022/23 due to weak
demand, especially in the market for IC substrates.
AT&S expects to generate annual revenues of around € 1.8 billion in
financial year 2022/23 (previously: around € 2.1 billion). The EBITDA
margin adjusted for start-up costs will be around 25% (previously: 27 to
30%). The level of start-up costs is expected to be reduced to around
€ 50 million (previously: € 75 million).
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 15,000 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
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01-Feb-2023 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: 1549117
End of Announcement EQS News Service
1549117 01-Feb-2023 CET/CEST
References
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2. g.reischl@ats.net
3. p.gebhardt@ats.net
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