AT&S: results for the financial year 2013/14
- AT&S finished the financial year with total sales of around EUR 590 million (m), a year-on-year increase of about 9%
- AT&S generated EBITDA of about EUR 127m: a year-on-year increase of about 24%
- Consolidated net income amounted to about EUR 38m
- AT&S improved its financing structure and reduced its gearing ratio to about 28%
AT&S Group’s sales for the financial year 2013/14 reached EUR 590m, an increase of around 9% on the previous year’s total (2012/13: approx. EUR 542m). Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to EUR 127m, an increase of around 24% on the 2012/13 total of around EUR 102m. Consolidated net income for the financial year 2013/14 rose to EUR 38m. The capital increase (gross proceeds of about EUR 100m) and the placement of a bonded loan (gross proceeds of EUR 158m) led to an improvement in the Group’s financing structure. The gearing ratio declined to 28% (2012/13: approx. 71%).
The results in detail:
| in accordance with IFRS; € in millions | FY 2013/14 | FY 2012/13 | |
|---|---|---|---|
| 01.04.2013 31.03.2014 | 01.04.2012 31.03.2013 1) | ||
| Before non-recurring items | After non-recurring items | After non-recurring items | |
| Revenues | 589.9 | 541.7 | |
| Gross profit | 118.8 | 77.1 | |
| EBITDA | 130.2 | 127.2 | 102.4 |
| EBITDA margin | 22.1% | 21.6% | 18.9% |
| EBIT | 56.9 | 53.9 | 31.4 |
| EBIT margin | 9.7 % | 9.1 % | 5.8 % |
| Profit before tax | 42.8 | 16.5 | |
| Consolidated net income | 41.2 | 38.2 | 14.6 |
| Earnings per share, year end* | 1.06 | 0.98 | 0.62 |
| No. of shares outstanding, year end** | 38,850 | 23,322 |
1) Adjusted according to IAS 19 (revised)
* in EUR
** Thousands of shares
The Excel-format financial statements (not including notes) for the financial year 2013/14 will be published online at www.ats.net under Investors > Downloads > Annual reports. The annual report will be available in .pdf format in June 2014. The annual financial statements will be presented to the Supervisory Board for auditing and adoption on 2 June.
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