EANS-News

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft / AT&S reports increase in revenue and excellent profitability in the first nine months - Seite 2

gross interest expenses, at EUR 9.6 million, were lower than the prior-year
level of EUR 10.8 million due to optimisation measures carried out subsequent to
the hybrid bond. Interest income of EUR 3.1 million exceeded the prior-year
level of EUR 0.7 million. This increase resulted primarily from the improved
interest environment in the USD area. Exchange rate effects had a positive
impact of EUR 6.5 million on finance costs (previous year: income of EUR 2.0
million).
Statement of financial position and cash flow
Based on this increase in equity and the higher total assets resulting from the
issue of the promissory note loan, the equity ratio, at 42.9%, was 3.6
percentage points lower compared to 31 March 2018. Net debt declined by 34.7%
from EUR 209.2 million to EUR 136.7 million. Cash flow from operating activities
amounted to EUR 153.2 million in the first nine months of the financial year
2018/19 (previous year: EUR 121.0 million).


______________________________________________________________________________
|Acc. to IFRS; (in | Q1-3 2017/18 | Q1-3 2018/19 | Change |
|EUR_million)______|_01.04.-31.12.2017_|_01.04.-31.12.2018_|___________________|
|Revenue___________|______________765.9|______________790.1|_______________3.2%|
|EBITDA____________|______________190.3|______________220.5|______________15.9%|
|EBITDA margin (in | 24.8| 27.9| |
|%)________________|___________________|___________________|___________________|
|EBIT______________|_______________88.8|______________121.5|______________36.9%|
|EBIT_margin_(in_%)|_______________11.6|_______________15.4|___________________|
|Profit for the | 47.8| 92.3| 93.1%|
|period____________|___________________|___________________|___________________|
|Cash flow from | | | |
|operating | 121.0| 153.2| 26.6%|
|activities________|___________________|___________________|___________________|
|Net_CAPEX_________|______________124.6|_______________63.2|_____________-49.3%|
|Equity ratio (in | 46.5*| 42.9**| -|
|%)________________|___________________|___________________|___________________|
|Net_debt__________|_____________209.2*|____________136.7**|_____________-34.7%|
|Earnings per | | | |
|average number of | 1.21| 2.21| 83.2%|
|shares outstanding| | | |
|(in_EUR)__________|___________________|___________________|___________________|

* At 31.03.2018 ** At 31.12.2018

Mobile Devices & Substrates segment increases profitability
Although the positive business development continued, the demand for mobile
devices started to weaken in the third quarter of 2018/19. The segment benefited