AT&S introduced this on Tuesday. There was a lack of 34 million euros, following a revenue of 137 million euros within the earlier monetary yr. Within the last quarter, gross sales rose by 14 p.c year-on-year to 345 million euros, and the quarterly loss was halved to 44 million euros.
AT&S introduced on Tuesday that the markets for cellular units and industrial purposes weakened considerably within the second half of the yr. Whereas there was a slight restoration in notebooks and PCs, the weak point in servers has widened. “For the brand new 2024/25 monetary yr, we see AT&S once more on observe for development,” mentioned AT&S CEO Andreas Gerstenmayer, in response to the assertion. “The overall market restoration in our business anticipated for the second half of the 2024/25 monetary yr ought to have a optimistic affect on demand and thus the utilization of our present vegetation. Firm development will probably be supported by the beginning of high-volume manufacturing in our two new vegetation in Kulim and Leoben on the finish of the monetary yr.” With the intention to scale back prices, as much as 1,000 jobs are to be lower at present areas.
In comparison with final yr’s file yr, group gross sales within the 2023/24 monetary yr fell by 13 p.c to 1.55 billion euros, however within the fourth quarter gross sales of 345 million euros have been 14 p.c greater than a yr in the past. Ebitda (earnings earlier than curiosity, taxes, depreciation and amortization) fell by 26 p.c to 307 million euros within the monetary yr. EBIT fell from 146 to 31 million euros. Earnings per share for the yr as an entire have been detrimental at minus 1.39 euros; within the earlier yr there was a revenue per share of three.03 euros. The workforce, together with non permanent workers, was lowered by a tenth to 13,828.
500 million euros of funding
AT&S is planning an funding quantity of round 500 million euros this yr. Nearly all of this may move into IC substrate manufacturing within the new vegetation in Kulim and Leoben. The beginning of high-volume manufacturing on the two vegetation is deliberate for the top of the 2024/25 monetary yr. AT&S expects annual gross sales of between 1.7 and 1.8 billion euros for the present monetary yr. AT&S desires to develop with synthetic intelligence in 2026/27, mentioned Gerstenmayer. “We additionally ship the appropriate know-how for AI, from substrates for AI processors to environment friendly power administration options for IT infrastructure similar to servers and information facilities.”
AT&S canceled a deliberate capital enhance a couple of days in the past because of a “nonetheless risky market setting”. The state holding firm ÖBAG is not going to get entangled. AT&S has additionally lowered its forecast for the 2026/2027 monetary yr and now expects annual gross sales of three.1 billion euros, in comparison with the earlier 3.5 billion euros.
