EANS-News

AT & S Austria Technologie und Systemtechnik Aktiengesellschaft / Financial year 2016/17: AT&S with increased revenue in the first nine months and operational improvements at the new plant in China (with document) - Seite 4

to EUR 262.0 million. The main drivers were still revenues from
high-end printed circuit boards in the Automotive sector, which
reflects the trend towards more electronic components in vehicles,
and massively growing revenue in the Medical sector. Revenue in the
Industrial sector slightly exceeded the high level of the previous
year. EBITDA rose by 48.3% from EUR 24.9 million to EUR 37.0 million.
The EBITDA margin increased by 4.0 percentage points to 14.1%, thus
clearly exceeding the prior-year level. The segment's result also
benefited from the reversal of a provision for unused building space,
as this space is now used again. Adjusted for the share in the
start-up effects of the Chongqing project, EBITDA amounts to EUR 41.0
million and the adjusted EBITDA margin to 16.0% (prior-year period,
adjusted: 9.8%).

Status Chongqing: Operational improvements at the plant for IC
substrates; good progress at plant 2 for substrate-like printed
circuit boards As at 31 December 2016, AT&S invested EUR 428.0
million in the Chongqing project. The optimisation of the highly
complex production facilities for IC substrates still causes a
flatter ramp-up although there have been significant operational
improvements, which have led to a higher volume output and yield. The
ramp of the second production line started in December 2016. The
first production line for substrate-like printed circuit boards is
running at high capacity and good performance, the second production
line is in installation.

Outlook for the financial year 2016/17 AT&S expects the usual
seasonality for the fourth quarter of 2016/17. Based on the
developments in the raw material markets (copper, laminates), cost of
material is under pressure. Due to changes in product and technology
cycle in the semiconductor industry, price pressure for IC substrates
continues.

Provided that the macroeconomic environment remains stable, the
USD-EUR currency relation stays at a similar level as in the past
financial year 2015/16 and demand is stable in the core business,
AT&S expects an increase in revenue of 4-6% for the current
financial year 2016/17. The EBITDA margin should range between 15-16%
primarily based on the start-up costs for the plants in Chongqing.
However, the EBITDA margin in the core business should be at a
similar level as in the financial year 2015/16. Higher depreciation
and amortisation of an additional EUR 40 million for the Chongqing
project in the financial year 2016/17 will have a significant
influence on EBIT.

Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/2bbhphur
http://resources.euroadhoc.com/us/IyCAqoJU

Further inquiry note:
Elke Koch, Director Investor Relations & Communications
Tel: [phone]; Mobile: [phone]; [e-mail]

Marina Konrad, Head of Corporate Communications
Tel: [phone]; Mobile: [phone]; [e-mail]

end of announcement euro adhoc
--------------------------------------------------------------------------------

Attachments with Announcement:

----------------------------------------------

http://resources.euroadhoc.com/us/2bbhphur

http://resources.euroadhoc.com/us/IyCAqoJU



company: AT & S Austria Technologie und Systemtechnik Aktiengesellschaft
Fabriksgasse 13
A-8700 Leoben
phone: [phone]
mail: [e-mail]
WWW: www.ats.net
sector: Technology
ISIN: AT0000969985
indexes: WBI, Prime Market, VÖNIX, ATX GP
stockmarkets: official market: Wien
language: English