Brief: At & S- Revenue Declines To EUR 1,550 Million In FY 2023/24 (PY: EUR 1,791 Million)

AT & S Austria Technologie & Systemtechnik AG

14/05/2024 06:10

May 14 (Reuters) - AT & S Austria Technologie &
Systemtechnik AG  ATSV.VI :
    * REVENUE DECLINES TO EUR 1,550 MILLION IN FY 2023/24 (PY:
EUR
1,791 MILLION)
    * ADJUSTED EBITDA MARGIN OF 24.8%
    * INTENSIFICATION OF EFFICIENCY PROGRAMS LEADS TO A
REDUCTION OF
UP TO 1,000 EMPLOYEES AT EXISTING LOCATIONS
    * IC SUBSTRATE PRODUCTION IN KULIM AND LEOBEN TO START AT
END OF
FY 2024/25
    * OUTLOOK FY 2024/25: REVENUE EUR 1.7 TO EUR 1.8 BILLION,
ADJUSTED
EBITDA MARGIN 25 TO 27%
    * ADJUSTED FOR CURRENCY EFFECTS, CONSOLIDATED REVENUE
DECREASED BY
11%
    * EXPECTS REVENUE OF APPROXIMATELY EUR 3.1 BILLION WILL BE
GENERATED IN FINANCIAL YEAR 2026/27 (PREVIOUSLY: EUR 3.5
BILLION)
    * REVENUE IN ELECTRONICS SOLUTIONS SEGMENT FELL SHORT OF
STRONG
FIGURES OF PREVIOUS YEAR
    * FY CASH AND CASH EQUIVALENTS DECLINED TO EUR 676 MILLION
(MARCH
31, 2023: EUR 792 MILLION)
    * REVENUE IN MICROELECTRONICS SEGMENT DECLINED SLIGHTLY DUE
TO
LOWER DEMAND FOR SERVERS
    * DECLINE IN EARNINGS PER SHARE, AFTER INTEREST FOR HYBRID
CAPITAL, BY EUR 4.42 FROM EUR 3.03 TO EUR -1.39.
    * INTENDS TO SELL PLANT IN ANSAN, KOREA, WHICH PRIMARILY
SERVES
MEDICAL MARKET

Source text for Eikon:  ID:nEQ7VxXJRa 
Further company coverage:  ATSV.VI 

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