Successful start for AT&S

In the first quarter of the financial year 2013/14 revenue and profit for the period significantly increased compared to the same period a year earlier, despite non-recurring items relating to the planned closure of our plant in Klagenfurt. The Management Board looks ahead with confidence. In the first quarter of the financial year 2013/14 AT&S Group posted sales of around EUR 143m, which was about EUR 17m more compared to the same period last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to EUR 28m, a significant improvement on the same period a year earlier. After adjustment for the provision of non-recurring items amounting to around EUR 3m – relating to the planned closure of the AT&S plant in Klagenfurt – EBITDA reached EUR 31m thanks to strong capacity utilisation at all plants. The net gearing ratio narrowed to 65% owing to a higher level of internal financing and continued restraint on investment. “Despite the challenging market environment, both Mobile Devices and our Automotive and Industrial segments reported significant year-on-year improvements in revenue and capacity utilisation at our plants. We have good reason to be satisfied with how the financial year 2013/14 has started, and have laid down a solid foundation for the year to come” explained CEO Andreas Gerstenmayer. Profitable growth for Mobile Devices Increased demand for our high value HDI printed circuit boards is reflected in strong capacity utilisation at our Shanghai plant, a development that led to year-on-year revenue gains for Mobile Devices of about 7%, or some EUR 5m. Automotive driving growth in Industrial & Automotive segment Revenue was up year on year in the first quarter across all customer segments. The trend towards increased use of high value printed circuit boards in automotive technology continues and is the driving growth factor in this segment. Overall, revenue was up by about 19% or EUR 10m on the same period of 2012/13.