AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
EANS-Adhoc: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
AT&S
confirms the EBITDA margin expected for the financial year 2018/19 and slightly
adjusts revenue forecast
-------------------------------------------------------------------------------- Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Earnings Forecast 08.01.2019 Leoben - AT&S confirms the EBITDA margin expected for the financial year 2018/19 and slightly adjusts revenue forecast * Revenue increase of around 3% expected * EBITDA margin of 24 to 26% confirmed Based on the accumulated revenue development in the current financial year, the current market development and the projection for the remaining months, the Management Board now expects revenue growth of around 3% (previously 6 to 8%) for the financial year 2018/19. In addition, the Management Board confirms an EBITDA margin of 24 to 26%, which is primarily supported by measures to enhance efficiency and productivity, and a higher-value product portfolio for IC Substrates. The currently weak demand for smartphones and in the automotive segment was cushioned by the well diversified product, technology and customer portfolio as well as the successful entry into the IC substrates business. In spite of the global political framework conditions and the resulting market developments, AT&S has a solid position with its product, technology and customer portfolio. The Management Board still sees very good opportunities in the medium term to ensure that the development of AT&S is also positive in the future. The diversification strategy and investments in new business segments are already starting to pay off in the present environment. Further inquiry note: Gerda Königstorfer, Director Investor Relations & Communications Tel: +43 3842 200-5925; Mobile: +43 676 8955 5925; g.koenigstorfer@ats.net end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 A-8700 Leoben phone: 03842 200-0 FAX: mail: ir@ats.net WWW: www.ats.net ISIN: AT0000969985 indexes: WBI, VÖNIX, ATX GP stockmarkets: Wien language: English
Original content of: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, transmitted by news aktuell