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ATS — AT & S Austria Technologie & Systemtechnik AG News Story

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AT&S soars nearly 30% as it raises guidance

BUZZ-AT&S soars nearly 30% as it raises guidance

** Shares in Technologie & Systemtechnik ATSV.VI (AT&S) soar as much as 29.2%, on track for their best day ever, after the circuit board manufacturer raises its yearly guidance

** The firm expects currency-adjusted revenue growth of 45–55% from a previous range of 30-35% and an EBITDA margin of 32-37% from a previously expected 25-29%

** It nearly triples capital expenditure guidance to €1.0-1.2 billion ($1.2-$1.4 billion) from €400 million

** "The new guidance is significantly above current consensus estimates (i.e. revenue of EUR 2,382mn, EBITDA of EUR 678mn)," Erste Group analysts write

** AT&S tops the Austrian benchmark index .ATX


($1 = 0.8617 euros)


(Reporting by Tristan Veyet)

((Tristan.veyet@thomsonreuters.com))

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