AT&S posted a considerable rise in revenue and profit in the first half of the financial year 2013/14.
In the first half of the financial year 2013/14 AT&S Group posted sales of around EUR 300 million (m), a year-on-year improvement of some 18%. Earnings before interest, taxes, depreciation and amortisation (EBITDA) advanced by around 50% to EUR 65m. Earnings per share increased from EUR 0.09 to EUR 0.94. Taking seasonality into account, as things stand AT&S is forecasting revenue growth of five percent and an EBITDA margin of 18-20 percent for the current financial year.
The results* in detail:
|01/04 30/09/2013||01/04 30/09/2012 1)||
|before non-recurring items||after non-recurring items||before non-recurring items||after non-recurring items
|Profit before tax||24.32||2.66
|Consolidated net income||24.96||21.96||2.06||2.06
|Earnings per share**||1.06||0.94||0.09||0.09
|No. of shares outstanding (average)***||23,433||23,322
1) Adjusted according to IAS 19 (revised)
* In EUR m
*** Thousands of shares
Mobile Devices continues strong performance
First half year segmental revenue was up by about 19% on the same period a year earlier thanks to an optimised product mix, continued strong demand for high-value HDI printed circuit boards and high capacity utilisation at the Shanghai plant.
Industrial & Automotive report sustained high demand
The trend towards increased use of high-value printed circuit boards in automotive technology remains unbroken. The medical technology sector also continued its positive development. Overall, revenue for Industrial & Automotive was up by about 15% or EUR 17m on the same period of 2012/13. The Industrial & Automotive segment now accounts for 44% of consolidate revenue.
Revenue generated by sales of AT&S’s patented ECP® technology tripled year on year, a development driven by further expansion of the customer portfolio.
The results and the Excel format interim financial statements (not including notes) for the 1st Half Year 2013/14 will be posted in the investors section of www.ats.net (Investors > Download Centre > Quarterly Reports), where the Half Year Financial Report 2013/14 will also be available from end of November.