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EANS-Adhoc AT & S Austria Technologie & Systemtechnik Aktiengesellschaft / AT&S achieves record revenue and EBITDA levels again in 2018/19

Nachrichtenagentur: news aktuell
06.05.2019, 20:55  |  478   |   |   
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.

Financial Figures/Balance Sheet

Leoben - AT&S achieves record revenue and EBITDA levels again in 2018/19

* Broad product portfolio supports positive business development
* Very strong demand for IC substrates and in the Medical & Healthcare segment
* Revenue at a record level for the ninth consecutive time: EUR 1,028 million
* EBITDA rises to EUR 250 million thanks to increase in productivity
* Earnings per share increased from EUR 1.38 to EUR 2.08
* Dividend proposal increased by 66.7% to EUR 0.60
* Management Board expects stable development for 2019/20 despite high

In a highly challenging market environment, AT&S increased revenue and
earnings again in the financial year 2018/19. After a strong first half-year,
demand recorded a market-related decline in the Mobile Devices, Automotive and
Industrial segments in the second half of the year. In contrast, the IC
substrates and Medical Technology segments developed very positively
throughout the entire year.

The Group's revenue rose by 3.6% to EUR 1,028.0 million in 2018/19 (previous
year: EUR 991.8 million). The effects resulting from the implementation of the
new IFRS 15 led to an increase in reported revenue by EUR 22.5 million. In the
course of the year revenue developed according to the usual seasonal cycle.
Revenues in the second and third quarters were significantly higher than the
first and fourth quarters.

EBITDA amounted to EUR 250.1 million, significantly exceeding the prior-year
figure of EUR 226.0 million. The EBITDA margin rose to 24.3% (previous year:
22.8%). The positive earnings development primarily resulted from efficiency
and productivity increases, positive valuation effects due to the development
of the US dollar exchange rate and the application of the new reporting
standard IFRS 15.

The operating result (EBIT) increased significantly by 29.8% to EUR 117.2
million (previous year: EUR 90.3 million) due to the above-mentioned effects.
The EBIT margin rose to 11.4% (previous year: 9.1%).

Finance costs - net improved from EUR -14.8 million to EUR -2.0 million due to
positive exchange rate effects and a higher volume of time deposits. The
Group's tax expense amounted to EUR 28.2 million (previous year: EUR 19.0

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