- AT&S production sites in China affected by the coronavirus
- AT&S adjusts outlook for the financial year 2019/20
Leoben – The spreading of the coronavirus disease is currently impacting the production of AT&S in China. Due to this development, revenue will fall short of expectations in the fourth quarter of the current financial year. AT&S has therefore adjusted its revenue and earnings forecast (previously: revenue at the prior-year level of € 1,028.0 million; EBITDA margin between 20% and 25%) and expects revenue to amount to € 960 million, with an EBITDA margin in the range of 18% to 20%.
Subject to staff availability, the plants in Shanghai and Chongqing II will start production in the week of 10 February 2020 after extended New Year’s holidays. The Chongqing I plant resumed production at reduced capacity after the New Year’s celebrations as planned. AT&S currently considers the following aspects to influence the development in the coming months: a deterioration of the current general conditions, the provision of production materials and personnel, processes in the supply chain and the demand situation.
AT&S currently employs roughly 7,000 people in China and produces the majority of the Group’s revenue there. The objective is to resume production as soon as possible in order to process existing orders and contracts.
AT & S Austria Technologie & Systemtechnik AG – First choice for advanced applications
AT&S is the global market leader for high-end printed circuit boards and one of the globally leading manufacturers of IC substrates. AT&S industrializes leading-edge technologies for its core business segments Mobile Devices, Automotive, Industrial, and Medical. AT&S has a global presence, with production facilities in Austria (Leoben and Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan, near Seoul). The company employed an average of about 10,000 people in the financial year 2018/19.
Gerald Reischl, Director Communications & Public Relations
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Gerda Königstorfer, Director Investor Relations
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