Ad-hoc | 25 January 2007 07:43
AT&S Austria Technologie & Systemtechnik AG / Quarter Results Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- AT&S recorded revenues of EUR 357.8m for the first three quarters of financial 2006/07, up 28% on the same period last year. In the third quarter revenues were EUR 125.3m (up 36%). Gross profit for the first three quarters advanced to EUR 56.8m, up 19% on the previous year. Third quarter gross profit of EUR 17m was some 30% up year-on-year. The gross profit margin for the first three quarters came to 15.9%. EBIT for the first nine months was EUR 28.3m (up 32%), and the EBIT margin was 7.9%. In the third quarter EBIT was EUR 9.5m, up some 138% on last year’s figure. Profit before tax for the first three quarters was EUR 27.9m (up 67%), with third quarter profit of EUR 9.7m. (up 226%). Net income for the first nine months amounted to EUR 26.5m, which was up 34%. Net income for the third quarter was up 69% to EUR 8.2m. Earnings per share (EPS) for the first three quarters of 2006/07 were EUR 1.07 (up 37%), with third quarter earnings of EUR 0.34 (up 83%). AT&S's net debt at December 31, 2006 amounted to EUR 79.3m (EUR 25.2m a year earlier). The resulting gearing ratio as at December 31, 2006 was 33.8%. For the 2006/07 financial year ending March 31, 2007 AT&S expects revenues of EUR 460m (up 23%) and earnings per share of EUR 1.25 (up 15%). For financial 2007/08, Management is forecasting revenues of between EUR 530m and EUR 550m (up 15% to 20%). --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Results in accordance with IFRS (in EUR m, earnings per share in EUR):Q1-3 Margin Q1-3 Margin 06/07 05/06 Total Revenues 357.8 278.5 Gross Profit 56.8 15.9% 47.5 17.1 % EBITDA 58.6 16.4% 52.1 18.7 % EBIT 28.3 7.9 % 21.5 7.7 % Net Income 26.5 20.1 Earnings per Share 1.07 0.78 Net debt 79.3 25.2 Gearing ratio 33.8% 10.4%Q3 06/07 Margin Q3 05/06 Margin Total Revenues 125.3 92.1 Gross Profit 17.0 13.6 % 13.1 14.2 % EBITDA 20.3 16.2 % 14.1 15.4 % EBIT 9.5 7.6 % 4.0 4.3 % Net Income 8.4 4.8 Earnings per Share 0.34 0.19Optimization of balance sheet structure continued Further important steps in the optimization of the balance sheet structure were taken in the third quarter of 2006/07. In addition to the continuation of the share repurchase program (as at December 31, 2006, AT&S held 1.4 million treasury shares; increasing to 1.9 million as at January 24, 2007), the balance sheet reduction scheme was helped forward by a sale and leaseback transaction, which also contributed to positive cash flow of about EUR 30m. The Group also reduced working capital to 18%, coming a step closer to its 15% target. Slight change in revenue distribution – recovery of industrial business In the first three quarters of 2006/07 about 60.5% of AT&S’s revenues were accounted for by telecommunication customers, 20.5% by the industrial customers, and 9% by the automotive sector. The remaining 10% were generated by DCC/Trading and Design. The results and the Excel format interim report (not including notes) for the first three quarters of 2006/07 were posted today at 8am (CET) on the investors section of www.ats.net. The quarterly report will be available in .pdf format from early February. DGAP 25.01.2007 ---------------------------------------------------------------------- Language: English Issuer: AT&S Austria Technologie & Systemtechnik AG Fabriksgasse 13 8700 Leoben Österreich Phone: +43 (1) 3842 200-0 Fax: +43 (1) 3842 200-216 E-mail: ir@ats.net WWW: www.ats.net ISIN: AT0000969985 WKN: 922230 Indices: TecDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------