© pelfophoto dreamstime.com PCB | October 23, 2012
AT&S increases half-yearly revenue
AT&S has reported half-yearly revenue growth of about EUR 13 million (m) year on year. Group earnings fell short of internal expectations.
Solid demand from industrial and automotive customers in combination with product launches in Mobile Devices in August had a positive impact on the Group’s overall performance. In the first half of the financial year 2012/13 AT&S Group posted sales of around EUR 255m, which was about EUR 13m more than in the same period last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to EUR 43.9m, compared with EUR 47.7m in the comparative period a year earlier. “The decline in earnings is attributable to a combination of increased depreciation and capacity underutilisation at Mobile Devices during the summer months. One positive development is that demand is on the increase for our high-value industrial and automotive products in spite of the challenging economic climate. Although the Shanghai plant wasn’t running at full capacity until mid-August, Mobile Devices likewise reported a year-on-year rise in revenues for the first six months of the financial year. Given favourable demand in the run-up to Christmas, I expect that we will see continued improvements in revenue in the third quarter. Fourth-quarter earnings will depend on scheduled product ramp-ups for a number of important customers,” explains AT&S CEO Andreas Gerstenmayer. Aviation industry certification AT&S has achieved certification according to the EN9100 and AS9100 quality standards, meaning that the Group has the safety and reliability credentials required to supply partners in the aviation industry. “This certification and the inauguration of a sales office in Chicago mean that we can sharpen our focus on this market in the US,” notes Andreas Gerstenmayer.