17: AT&S with increased revenue in the first nine months and operational improvements at the new plant in China (with document)

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9-month report

* Continued good demand in all key customer segments * In the core
business, AT&S increased relative profitability * Revenue 5.3% above
the strong prior-year level; third quarter was on record level *
EBITDA adjusted for the start-up effects from Chongqing rose by 8.5%
compared with the previous year, the adjusted EBITDA margin was
at 26.0%; the non-adjusted figures were still influenced by the
start-up effects from Chongqing * Further operational improvements in
the ramp-up of the new IC substrate plant in China

AT&S, one of the global technology leaders for high-end printed
circuit boards, records an increase in revenue and a clear plus in
earnings in the first nine months compared with the very high level
of the previous year and adjusted for the start-up effects in China.

Andreas Gerstenmayer, CEO of AT&S, commented: "The repositioning of
AT&S from a pure printed circuit board manufacturer to a much
broader-based provider of high-end connectivity solutions is
continuing. We achieved significant improvements in the operational
performance in the new IC substrate plant in China. Both production
volume and yield have increased considerably. We are still faced with
challenges because the transformation in the semiconductor industry,
the customer segment for IC substrates, with the related changes in
the product and technology cycles, also has an impact on AT&S. This
influences the product mix and the achievable price levels
significantly. The upgrade of parts of the Shanghai plant to the next
generation of technology for high-end printed circuit boards has
considerably progressed, and serial production is scheduled to start
in the second half of calendar year 2017. Both technology topics are
essential for the future positioning and the success of AT&S. In
contrast, the development in the core business is very satisfactory,
with very good demand and the usual seasonality."

Asset, financial and earnings position AT&S exceeded the very good
revenue figures of the previous year in the first nine months. At EUR
615.1 million, revenue was 5.3% higher than in the prior- year
period.

Based on the start-up effects of the Chongqing project (EUR 51.6
million), EBITDA decreased by EUR 38.1 million or -27.2% from EUR
140.2 million to EUR 102.1 million in the first nine months. Adjusted

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