AT & S Austria Technologie & Systemtechnik AG

AT&S reports exceptionally positive annual results with significant increases in revenue & earnings - Seite 3

According to IFRS in EUR million , FY 2014/15 , FY 2013/14 , Change , 01.04.2014-31.03.2015 , 01.04.2013-31.03.2014 , in % Revenue , 667.0 , 589.9 , +13.1% Gross profit , 155.4 , 118.8 , +30.8% EBITDA , 167.6 , 127.2 , +31.8% EBITDA margin (in %) , 25.1 % , 21.6 % , - EBIT , 90.1 , 53.9 , +67.0% EBIT margin (in %) , 13.5 % , 9.1 % , - Profit before tax , 84.9 , 42.8 , +98.4% Profit for the year , 69.3 , 38.2 , +81.5% Earnings per average number of shares outstanding (in EUR)1) , 1.78 , 1.24 , +43.5% Weighted average number of shares outstanding (in 1,000 units) , 38,850 , 30,820 , +26.1% 1) Number of weighted shares in FY 13/14: 30,820,545

Business Unit Mobile Devices & Substrates with continued revenue and earnings growth at high level In the Business Unit Mobile Devices & Substrates, AT&S recorded revenue of EUR 455.2 million in the reporting year, which corresponds to an increase by 20.3% compared with the financial year 2013/14. This development is primarily attributable to the continued strong demand in the second, third and fourth quarters, with a concurrent high-end product mix and positive currency translation effects. EBITDA, at EUR 127.5 million, exceeded the prior-year figure of EUR 106.8 million by 19.4%. The EBITDA margin, at 28.0%, remained similar to the level of the previous year (28.2%).

Business Unit Industrial & Automotive (incl. Medical) with further improvement in profitability With an increase in revenue by EUR 28.9 million to EUR 301.8 million (FY 2013/14: EUR 272.9 million), the Business Unit Industrial & Automotive (incl. Medical) achieved growth of 10.6%. The positive development was predominantly based on the ongoing growing demand for electronic components in cars, for example for Advanced Driver Assistance Systems, but also for applications in industry, for example for machine-to-machine communication or in online patient monitoring. As capacity utilisation continued to improve, efficiency-enhancing measures were implemented and there were no negative one-off effects, EBITDA rose by 61.7% to EUR 34.8 million. The EBITDA margin improved to 11.5% (FY 13/14: 7.9%).

Chongqing site will be extended by new generation of printed circuit boards in addition to IC substrates The set-up of the plant in Chongqing, with a strategic focus on the production of IC substrates (Integrated Circuit Substrates), is proceeding according to plan. In the financial year 2014/15 the first production line was installed and the equipment characterisation and certification were started and continued. The ramp-up will be started in the calendar year 2016; first revenues are also expected for the calendar year 2016. Negotiations regarding the product mix and ramp scenarios are currently underway. The Management Board expects the talks to be completed in the coming months. At 31 March 2015, AT&S EUR invested EUR 167.1 million in Chongqing.