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© dimitry romanchuck dreamstime.com PCB | November 05, 2013

AT&S reports significant increase in earnings

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 (In EUR m): ** EUR *** Thousands of shares © AT&S 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.
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