AT&S ends financial year with strong fourth-quarter results

Citation

(2013), "AT&S ends financial year with strong fourth-quarter results", Circuit World, Vol. 39 No. 3. https://doi.org/10.1108/cw.2013.21739cab.003

AT&S ends financial year with strong fourth-quarter results

Article Type: Industry news From: Circuit World, Volume 39, Issue 3

AT&S finished the financial year 2012/2013 with total sales of around €542 million, about 5 per cent higher than a year ago. The group posted earnings before interest, tax, depreciation and amortisation (EBITDA) of around €102 million as at 31 March 2013 thanks to significantly improved capacity utilisation in the second half of the year.

AT&S Group’s sales for the financial year 2012/2013 reached €542 million, an improvement of around 5 per cent on the previous year’s total. Consolidated net income for the financial year 2012/2013 dropped to about €14 million compared with €27 million a year ago, chiefly as a result of increased depreciation. Strong capacity utilisation in the second half of the financial year helped drive EBITDA to around €102 million, leading to a reduction in the net gearing ratio to around 70 per cent, as against some 86 per cent in the financial year 2011/2012.

“Capacity utilisation has been strong at our plants over the past six months. We have seen a significant upturn in demand for Mobile Devices’ high-value HDI printed circuit boards. Automotive recorded an increase in demand and we continued to build on our strong performance in the medical component segment. We are also delighted that demand for our ECP^® technology picked up in the financial year just ended”, said CEO Andreas Gerstenmayer.

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