Ad-hoc | 21 October 2009 07:40
AT&S Austria Technologie & Systemtechnik AG / Half Year Results
21.10.2009
Dissemination of an Ad hoc announcement, transmitted by
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The issuer is solely responsible for the content of this announcement.
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- The results for the second quarter show a definite upwards trend. Sales
revenues rose from EUR 25.5 million (m) in July to EUR 27.7m in August
and EUR 34.8m in September. Second-quarter sales were 6% up on the
first quarter. All plants were working at full capacity in September.
- The restructuring and strategic realignment of the Leoben-Hinterberg
plant has been successfully completed. Business focused on the needs of
European customers has more than doubled year on year, despite the fact
that market analyses show that total production in the European printed
circuit board industry will shrink by more than half in 2009.
- Restructuring and a groupwide cost reduction programme have slimmed
AT&S's cost base significantly. Despite a EUR 4.8m increase in sales in
the second quarter, production costs dropped by EUR 8.0m compared with
the first quarter.
- Equity fell by EUR 11m in the most recent quarter, mainly as a result
of the distribution of dividends and exchange rate effects, to stand at
EUR 173.5m or EUR 7.40 per share, at 30 September 2009.
- Since the beginning of the financial year net debt has fallen by EUR
8.8m. However, the gearing ratio has risen to 95% reflecting the
decrease in equity.
- It seems that the losses of the first quarter can be made up in the
course of the financial year 2009/10.
* 1H 09/10 1H 08/09 Change
Revenues 171.3 234.2 -62.9
Gross profit 11.3 39.1 -27.9
Gross profit margin 6.6% 16.7%
EBITDA -5.1 41.3 -46.4
Operating result (EBIT) -45.3 20.6 -65.9
EBIT margin -26.4% 8.8%
Profit before tax -51.1 20.3 -71.4
Profit/Loss for the period -49.9 18.6 -68.5
Earnings per share (EUR) -2.13 0.80 -2.93
* Q2 09/10 Q1 09/10 Change
Revenues 88.0 83.2 4.8
Gross profit 12.0 -0.8 12.8
Gross profit margin 13.7% -0.9%
EBITDA 15.2 -20.3 35.5
Operating result (EBIT) 4.8 -50.1 54.9
EBIT margin 5.5% -60.2%
Profit before tax 2.1 -53.2 55.3
Profit/loss for the period 2.3 -52.2 54.5
Earnings per share (EUR) 0.10 -2.23 2.33
30/09/2009 31/03/2009 Change
Net debt** 165.6 174.4 -8.8
Net gearing 95.4% 69.1%
* Except as otherwise specified, all amounts in EUR million
** Financial liabilities less cash and cash equivalents and financial
assets
The results and the Excel format interim financial statements (not
including notes) for the second quarter of 2009/10 were posted today at 8am
(CET) in the investors section of www.ats.net (Investors > Publications),
where the financial report for the first half of 2009/10 will also be
available from the middle of November.
For more information contact Hans Lang, IRO
Tel: +43 (1) 68300 9259, e-mail: h.lang@ats.net
21.10.2009 financial News transmitted by DGAP
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Language: English
Company: AT&S Austria Technologie & Systemtechnik AG
Fabriksgasse 13
8700 Leoben
Österreich
Phone: +43 (1) 3842200-0
Fax: +43 (1) 3842200-216
E-mail: info@ats.net
Internet: www.ats.net
ISIN: AT0000969985, AT0000A09S02
WKN: 922230
Listed: Freiverkehr in Berlin, Hannover, München, Hamburg,
Düsseldorf, Stuttgart; Open Market in Frankfurt; Foreign
Exchange(s) Wien
End of News DGAP News-Service
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