EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s): Forecast/Change in Forecast AT&S adjusts outlook for the current financial year 2024/25 Disclosure of inside information pursuant to Article 17 MAR Leoben – For the 2024/25 financial year, the management assumes that the price pressure and volatile ordering behaviour of a key customer will continue. The weakness in the European automotive and industrial markets is also expected to continue. In addition, high-volume production at the two new plants will start one to two quarters later than originally planned, meaning that they are no longer expected to contribute to revenue in the financial year. Accordingly, the costs incurred until then are reported as start-up costs. For these reasons, the company is adjusting its outlook for the 2024/25 financial year. The revenue and EBITDA contribution of the plant in Ansan will continue to be included in the respective items of the consolidated income statement until the sale process is completed (IFRS 5, Disposal Group). The proceeds from the sale will not be included in the adjusted EBITDA margin. AT&S now expects to generate annual revenue of between € 1.5 and 1.6 billion in the financial year 2024/25 [previously: € 1.6 and 1.7 billion (excluding revenue from the plant in Ansan) and € 1.7 and 1.8 billion (including revenue from the plant in Ansan)]. Excluding the effects from the start-up of the new production capacities in Kulim and Leoben and one-off costs from the implementation of the cost optimization and efficiency program of up to € 110 million (previously: up to € 88 million), the adjusted EBITDA margin is expected to be between 24 and 26% [previously: 24 and 26% (excluding the contribution from the plant in Ansan) and 25 and 27% (including the contribution from the plant in Ansan)]. The company will publish further details as part of its half-year figures 2024/25 on October 31, 2024.
Press contact: Gerald Reischl, Vice President Corporate Communications Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; g.reischl@ats.net Investor Relations contact: Philipp Gebhardt, Senior Director Investor Relations Tel: +43 3842 200 2274; Mobile: +43 664 7800 2274; p.gebhardt@ats.net
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 End of Inside Information
28-Oct-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com |
Language: | English |
Company: | AT&S Austria Technologie & Systemtechnik AG |
Fabriksgasse 13 | |
8700 Leoben | |
Austria | |
Phone: | +43 (1) 3842200-0 |
E-mail: | ir@ats.net |
Internet: | www.ats.net |
ISIN: | AT0000969985, AT0000A09S02 |
WKN: | 922230 |
Indices: | ATX |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market) |
EQS News ID: | 2017581 |
End of Announcement | EQS News Service |
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2017581 28-Oct-2024 CET/CEST
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