AT&S rises on 'very solid' Q2 sales

AT & S Austria Technologie & Systemtechnik AG

02/11/2023 08:05

** AT&S  ATSV.VI  shares rise 5.6% as the Austrian circuit
board- and semiconductor-maker reported its Q2 results, beating
consensus
    ** Q2 adjusted EBITDA came in at 157 million euros ($166
million), one-fifth above consensus according to Jefferies
    ** Jefferies also deems AT&S' revenue "very solid", as the
company achieved a 25% increase in revenue q/q, to 452 million
euros
    ** "Outperformance on adj.EBITDA is driven by better demand
and higher cost-saving contributions" Jefferies ("buy") notes
    ** AT&S rises to the top of the Austrian Traded Index  .ATX 




($1 = 0.9435 euros)

 (Reporting by Tristan Veyet)
 ((Tristan.chabba@thomsonreuters.com))