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AT&S Austria Technologie & Systemtechnik AG: AT&S makes significant progress in strategy implementation and boosts revenue and earnings to record levels

EQS-News: AT&S Austria Technologie & Systemtechnik AG / Key word(s): Annual Results AT&S Austria Technologie & Systemtechnik AG: AT&S makes significant progress in strategy implementation and boosts revenue and earnings to record levels 17.05.2022 / 07:00 The issuer is solely responsible for the content of this announcement. AT&S makes significant progress in strategy implementation and boosts revenue and earnings to record levels

- Annual revenue 2021/22 increases by 34% to € 1,590 million (PY: € 1,188 million)

- Adjusted EBITDA at € 378 million, up 48% on the previous year

- Guidance for FY 2022/23: revenue of approx. € 2 billion, adjusted EBITDA margin between 23 and 26%

- Medium-term outlook for 2025/26 confirmed

Leoben – AT&S significantly increased revenue and earnings in the financial year 2021/22 and continues its strong growth course as part of its strategy implementation.

“In a volatile market environment, we were able to close the financial year with revenue and earnings at a record level,” says CEO Andreas Gerstenmayer. “This strong performance once again confirms our growth strategy and gives us reason to be optimistic about the future in the new financial year. We expect revenue of roughly € 2 billion and an EBITDA margin between 23 and 26%. The growth course will also continue in the years to come: in the financial year 2025/26, we will generate revenue of approximately € 3.5 billion and increase the EBITDA margin to 27 to 32%,” Gerstenmayer comments on the further development.

Consolidated revenue increased by 34% to € 1,590 million in the financial year 2021/22 (PY: € 1,118 million). Adjusted for currency effects, consolidated revenue rose by 33%. Revenue grew on a broad basis, with the additional capacity for ABF substrates in Chongqing, China, proving to be the main driver. In addition, the broader application portfolio for mobile devices and module printed circuit boards also contributed to revenue growth. In the AIM business unit, all three segments benefited disproportionately from the dynamic market environment, with the Industrial segment recording the strongest growth. The Automotive segment also saw an increase in revenue despite the shortage of semiconductors.