PCB | January 24, 2008
AT&S posts strongest sales for<br>first nine months in its history
With revenues of EUR 368.3m and net profit of EUR 33.3m in the first three quarters of financial 2007/08, AT&S continues its strong growth performance.
AT&S has once again improved its results for the same period last year. Revenues of EUR 368.3m were 3% up on the first nine months of the previous financial year. Operating profit (EBIT) was up 20%, to EUR 33.8m. “Despite the weakness of the US dollar, which had a considerable negative impact on our revenues, we were successful in raising total revenues and earnings per share to a new record high,” reports Chairman of AT&S's Management Board, Harald Sommerer. The ramp-up of the second site in Shanghai has been completed, and work has begun on the commissioning of the third site. “This additional capacity provides AT&S with a basis for considerable growth over the coming years,” explains AT&S’s Chief Financial Officer Steen Hansen. Worldwide mobile telephone sales are expected to increase by about 10% in 2008 to around 1.25 billion units. It is safe to assume that technological requirements will continue to become more complex, which in turn will require increasingly complicated printed circuit boards – a market that will favor AT&S. Complex electronics are also increasingly being used by the automotive industry. AT&S will be able to employ its expertise in the production of highly complex HDI printed circuit boards, which gives it a clear competitive advantage. The facilities in Austria and in India are geared not only to the European automotive industry, but to the industrial market as well. AT&S’s leading position in this area is also supported by its new service business, whose activities include procuring PCBs from partner organizations and assembly services. “We will continue to steadily expand our service activities and to take advantage of orders from other segments whenever they occur – major telecommunications orders made an important contribution to sales last year,” Harald Sommerer explains. The significant weakness of the dollar had a considerable impact on sales, particularly in globally oriented markets such as the telecoms industry. AT&S has now established the majority of its production for the telecoms market in the extended US dollar area, so that these exogenous effects on costs can largely be taken into account at the operating level. Since the remaining currency exposures have been hedged, the impact of the dollar decline was largely confined to revenues and had a much reduced effect on earnings. “We are highly satisfied with our record results – our highest sales for the first nine months and the highest profit for the period in our history,” explains Harald Sommerer.
AMTE Power and Britishvolt sign MoU for GigaFactory AMTE Power and Britishvolt plans to investigate collaborating to build the UK’s first full cycle battery cell GigaPlant, servicing the automotive and energy storage markets.
ALLPCB’s new SMT factory has launched production On May 10 2020, ALLPCB’s new – self-operated – SMT factory in Guangde, Anhui Province, China was officially put into production.
Schweizer starts production at its new location in China Following a construction period of one and a half years, production has now started at the company’s new high-tech printed circuit board plant in Jiangsu, China.
Jenoptik supplies generators to a US customer Through its Vincorion investment, Jenoptik received a long-term order for generators that an unnamed US customer is integrating into military vehicles.
Rolls-Royce takes heavy hit from COVID-19 – reduces workforce by 9000 The impact of COVID-19 on Rolls-Royce and the whole of the aviation industry is unprecedented. RR has already taken action to strengthen the financial resilience of its business and to reduce cash expenditure in 2020. However, this will not be enough.
Data Link Solutions to provide MIDS cabinet terminals to US Navy The U.S. Navy has awarded a USD 3.2 million production contract to Data Link Solutions (DLS), a joint venture between BAE Systems and Collins Aerospace, for new Multifunctional Information Distribution System (MIDS) cabinet terminals.
Incap restarts production in India In a move to contain the COVID-19 pandemic, the government of India instructed all state governments to introduce a lockdown in March. As a consequence, Incap had to close its factory in Karnataka, India on 23 March.
NAND Flash Revenue Undergoes 8.3% QoQ Growth in 1Q20 NAND Flash bit shipment in 1Q20 was relatively on par with 4Q19, says the DRAMeXchange research division of TrendForce. The overall ASP of NAND Flash products also climbed during the period. As a result, the global NAND Flash revenue for the quarter went up by 8.3% QoQ to USD 13.6 billion.
Gorenje reduces the number of layoffs At the end of April, due to a sharp drop in orders and revenues as a result of the COVID-19 pandemic, the Hisense Europe Group launched a redundancy program in four companies in Slovenia.
NA semiconductor equipment industry posts April 2020 billings North America-based manufacturers of semiconductor equipment posted USD 2.26 billion in billings worldwide in April 2020 (three-month average basis), according to SEMI.
AWS Electronics to wear the Incap name Following the acquisition of AWS Electronics Group by Incap Corporation in January 2020, the company's units in the UK and Slovakia will now be trading as Incap Electronics UK Ltd. and Incap Electronics Slovakia s.r.o.
PCB manufacturer SQP invests in new plasma treatment system As part of the continuous upgrade of the PCB manufacturing processes the Slovakian PCB manufacturer SQP International has invested in a new plasma treatment system.
Nordson delivers solid quarter considering COVID-19's impact on global end markets Nordson Corporation reported second quarter sales of USD 529 million, a 4% decrease compared to the prior year’s second quarter sales of USD 551 million.
Cicor expands its clean room set up in Bronschhofen Swiss EMS provider Cicor Group is currently expanding its site in Bronschhofen with a 60 square metre ISO Class 6 clean room.
Senate Dems to Trump: Release details of TSMC plant deal Democratic lawmakers are pressuring the Trump administration to respond to serious questions about Taiwan Semiconductor Manufacturing Co Ltd’s (TSMC) plans to build a USD 12 billion plant in Arizona, which the company announced last week.
SOS LAB completes series A+, inks MOU with ON Semi LiDAR sensor maker SOS LAB has secured series A+ investment funding of USD 8 million as of April.
Expanded US rules sanctioning Huawei to have little impact on memory industry TrendForce believes that the latest updates to the sanctions will have a relatively low impact, in the short term, on Huawei’s shipment of smartphones, notebook computers, and servers – products for which Huawei is relatively well stocked on components.
PCB Connect expands with new office Due to the PCB suppliers’ successful growth in Denmark, the company has now decided to invest further in the Danish Market.
Panasonic, Tesla discuss beefing up Nevada battery plant Panasonic Corporation this week said strong demand for battery cells from its U.S. partner, Tesla, has led to negotiations on the expansion of their joint plant in Storey County, Nevada.
Flex taps new leadership for automotive business Flex has named Mike Thoeny, president, Automotive Business Group, effective June 1, 2020.
Current pandemic slows down business development in German component distribution German distribution of electronic components (according to FBDi e.V.) continues to decline in the first quarter of 2020. The order situation improves slightly, at a low level. The FBDi calls for future-oriented course-setting and investments in infrastructure.
Progress is being made for BMW’s new plant in Hungary Preparations for the future BMW Group plant in Debrecen, Hungary, have reached important milestone. Following successful preparation of the land by the City, the official handover process has now started.Load more news