Brief: AT&S Corrects Revenue Forecast For The Current Financial Year 2023/24

AT & S Austria Technologie & Systemtechnik AG

19/01/2024 12:40

Jan 19 (Reuters) - At & S  ATSV.VI :
    * AT&S CORRECTS REVENUE FORECAST FOR THE CURRENT FINANCIAL
YEAR
2023/24
    * EXPECTS TO GENERATE ANNUAL REVENUE OF AROUND EUR 1.6
BILLION IN
FINANCIAL YEAR 2023/24 (PREVIOUSLY: BETWEEN EUR 1.7 AND 1.9
BILLION)
    * EBITDA MARGIN ADJUSTED FOR START-UP COSTS WILL BE IN
EXPECTED
RANGE OF 25% TO 29%
    * GROUP REVENUE IN FIRST THREE QUARTERS OF FINANCIAL YEAR
2023/24
TOTALLED TO AROUND EUR 1.2 BILLION (PREVIOUS YEAR: EUR 1,489
MILLION)
    * EBITDA MARGIN ADJUSTED FOR START-UP COSTS WAS BETWEEN 26%
AND
27% (PREVIOUS YEAR: 30.4%)
    * ADJUSTS ITS REVENUE FORECAST FOR CURRENT FY 2023/24 DUE TO
LOWER
DEMAND CAUSED BY HIGH INVENTORY LEVELS, PARTICULARLY FOR SERVERS

Source text for Eikon:  ID:nEQ4PXVL4a 
Further company coverage:  ATSV.VI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))