AT&S falls pre-mkt after it cuts FY 2026/27 targets

AT & S Austria Technologie & Systemtechnik AG

18/12/2024 07:01

** Frankfurt-listed shares of AT&S  ATSV.VI  are seen
falling 8.4% premarket after the Austrian semiconductor firm cut
its FY 2026/27 targets on Tuesday after market close
    ** It sees annual revenue of 2.1-2.4 bln euros ($2.2-2.5
bln) for FY 2026/27, vs 3.0 bln euros anticipated earlier
    ** It targets FY 2026/27 EBITDA margin of 24‒28%, vs 27‒32%
previously, citing persistent market weakness coupled with
production overcapacities and price pressure
    ** AT&S in October cut its FY 2024/25 forecast as it flagged
start-up delays at new plants
    ** The stock is at the bottom of the Austrian stock market
 .ATX 

($1 = 0.9516 euros)

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))