AT&S Increases Annual Guidance for Financial Year 2017/18


Reading time ( words)

AT&S has been recording very high customer demand and utilisation at the capacity limit at almost all plants, especially in the last three months. The ramp-up of the new technology generation in the core business has developed better and more rapidly than originally expected due to a very positive trend in demand on customers’ side. In addition, further efficiency improvements have been achieved for IC substrates in Chongqing. These programmes will be pursued continuously.

The positive business development in general is primarily attributable to the effect of general efficiency measures and the fact that technological challenges at the introduction of the new technologies were handled better now. The beneficial trend was supported by a positive product mix and – based on a weaker development of the Chinese Renminbi in relation to the Euro in the last six months – a favourable exchange rate development in production costs.

Based on that, the Management Board after today’s meeting, now expects an increase in revenue of 20-25% (original forecast: 10-16%), an EBITDA margin of 19-22% (original forecast 16-18%) and additional depreciation of roughly EUR 15 million (original forecast: roughly EUR 25 million) for the financial year 2017/18 provided that the market environment and the exchange rate development remain stable.

This development, leading to the revised guidance for the financial year 2017/18, is an important interim goal to achieve the medium-term and long-term financial targets (EBITDA margin of >20%, ROCE of 12%) of AT&S and the introduced measures and achieved improvements are significant steps to return to the expected profitability. This is key to position AT&S also in future as a high-tech partner for it’s customers and to finance the investments required therefor.

Share




Suggested Items

Board Pricing Challenges and Opportunities

08/24/2022 | Andy Shaughnessy, Design007 Magazine
The cost of everything is on the way up, and fabricators are feeling the squeeze. They may hesitate to raise their prices because they don’t want to scare off business, but what options do they have? We asked James Hofer, general manager of Accurate Circuit Engineering, to weigh in with his thoughts on this conundrum.

Catching Up with Prototron’s Lee Salazar: Sales in the New Frontier

07/12/2022 | Dan Beaulieu, D.B. Management Group
In the business world, salespeople arguably were the most affected by the pandemic. These professionals had to be the most creative when trying to ply their trade. They had to work from home, make phone calls in lieu of face to face, and learn how to use social media networks and newsletters. This was all to reach their customers—who also were working from home. Even when they got vaccinated and managed to hit the road, they often found that their customers’ doors were closed and they were not allowed inside, if their particular contact was there at all. Many times, they had to resort to meeting their customers in parking lots or restaurants with outdoor dining. And guess what? It’s not even over yet. So, how does a salesperson create success when so much seems to have changed? I reached out to Lee Salazar of Prototron to learn how he met the challenges, and his tips for others who are moving forward.

PCB Technologies' Subsidiary iNPACK to Exhibit at IMS Show

06/14/2022 | Andy Shaughnessy, I-Connect007
Jeff De Serrano, president of PCB Technologies USA, discusses the launch of their new company, iNPACK, which focuses on high-tech substrate technologies, microelectronics assembly, and electronics packaging. He details his plans to continue expanding InPack over the next year and to meet with customers and exhibit at the International Microwave Symposium Show in Denver June 19-24.



Copyright © 2022 I-Connect007. All rights reserved.