AT&S reports significant increase in earnings
Leoben (pts028/04.11.2013/19:30) AT&S posted a considerable rise in revenue and profit in the first half of the financial year 2013/14.
In the first half of the financial year 2013/14 AT&S Group posted sales of around EUR 300 million (m), a year-on-year improvement of some 18%. Earnings before interest, taxes, depreciation and amortisation (EBITDA) advanced by around 50% to EUR 65m. Earnings per share increased from EUR 0.09 to EUR 0.94. "The significant improvement in results is attributable to continued strong capacity utilisation at our plants and a more favourable product mix. Taking seasonality into account, as things stand we are forecasting revenue growth of five percent with an EBITDA margin of 18-20 percent for the current financial year," explained CEO Andreas Gerstenmayer.
The results* in detail:
| before non-recurring items | after non-recurring items | before non-recurring items | after non-recurring items | |
| Revenue | 299.93 | 254.77 | ||
| Gross profit | 60.46 | 30.67 | ||
| EBITDA | 68.42 | 65.41 | 43.91 | 43.91 |
| EBITDA margin | 22.8% | 21.8% | 17.2% | 17.2% |
| EBIT | 33.57 | 30.57 | 8.53 | 8.53 |
| EBIT margin | 11.2% | 10.2% | 3.4% | 3.4% |
| Profit before tax | 24.32 | 2.66 | ||
| Consolidated net income | 24.96 | 21.96 | 2.06 | 2.06 |
| Earnings per share** | 1.06 | 0.94 | 0.09 | 0.09 |
1) Adjusted according to IAS 19 (revised)
* In EUR m
** EUR
*** Thousands of shares
Mobile Devices continues strong performance
First half year segmental revenue was up by about 19% on the same period a year earlier thanks to an optimised product mix, continued strong demand for high-value HDI printed circuit boards and high capacity utilisation at the Shanghai plant.
Industrial & Automotive report sustained high demand
The trend towards increased use of high-value printed circuit boards in automotive technology remains unbroken. The medical technology sector also continued its positive development. Overall, revenue for Industrial & Automotive was up by about 15% or EUR 17m on the same period of 2012/13. The Industrial & Automotive segment now accounts for 44% of consolidate revenue.
Advanced Packaging
Revenue generated by sales of AT&S's patented ECP® technology tripled year on year, a development driven by further expansion of the customer portfolio.
| Aussender: | AT & S Austria Technologie & Systemtechnik AG |
| Ansprechpartner: | Christina Schuller |
| Tel.: | +43 3842 200 5908 |
| E-Mail: | c.schuller@ats.net |
| Website: | www.ats.net |
