AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. We industrialise leading-edge technologies for our core business segments Mobile Devices & Substrates, Automotive, Industrial and Medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). A high-end production site is currently being established in Kulim, Malaysia. The company employs roughly 13,000 people.
Leading Player with Above-average Growth
A Look into the Future
FY 26/27 – Positive effects resulting from the projects in China and Malaysia
- Revenue of approximately € 3.5 billion (CAGR +17%)
- EBITDA margin of 27 – 32%
- ROCE of >12% from start of production
- Net debt/EBITDA: <3 (may be temporarily exceeded)
- Equity ratio: >30% (may be temporarily lower)
Current price development
AT&S at a Glance
Unique market position
Quality leader with outstanding process know-how and excellent productivity and efficiency
Megatrend-driven markets with attractive growth potential
Addressing growth opportunities through targeted investments
Over the past years, AT&S consistently outperformed the printed circuit board and substrate market
EBITDA margin of 20 – 25% above industry average
Strong cash flow generation and, consequently, improved internal financing capability
Solid balance sheet and attractive dividend policy
Management board and supervisory board
In order to further expand and safeguard its excellent market position, AT&S focuses on continuity in leadership and on clear visions. Our management team, led by CEO Andreas Gerstenmayer, ensures that the company always remains in balance and targets in the areas of innovation, sustainability and expansion do not conflict with one another. More information on our management team can be found here:
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For years, AT&S has been pursuing a strategy of sustainable, long-term increases in the value of the company. It is expressly committed to comprehensive corporate governance.
Here you will find information on the performance of the AT&S share, basic information, shareholder structure, dividend and consensus.