Ad-hoc | 21 January 2010 07:27
AT&S Austria Technologie & Systemtechnik AG / Quarter Results
21.01.2010
Dissemination of an Ad hoc announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Third quarter of FY 2009/10 was among the most profitable since FY
2000/01. AT&S posted EBIT of EUR 13.5 million (m) on revenues of EUR
101.2m, for an EBIT margin of 13.4%.
- Restructuring at the Leoben-Hinterberg plant and a Group-wide cost
reduction programme have substantially improved the cost base over the
past 12 months. Although revenues were down by EUR 15.9m year on year
in the third quarter, EBIT excluding non-recurring items rose by EUR
6.0m compared to the like period of FY 2008/09.
- Target of breakeven (EBIT excluding non-recurring items) for the
current financial year was exceeded in the quarter just ended.
Underlying EBIT for the first nine months of the current financial year
was positive by EUR 4.8m. EBIT including non-recurring items was
negative by EUR 31.8m.
- Equity grew from EUR 173.5m to EUR 189.3m in the quarter just ended,
resulting in a carrying value per share of EUR 8.1. Net debt has been
cut by EUR 15.5m since the start of FY 2009/10. However, the gearing
ratio rose to 83.9%, reflecting the drop in equity due to restructuring
expenses and exchange rate effects.
* Q1-3 09/10 Q1-3 08/09 Change
Revenues 272.5 351.4 -78.8
Gross profit 32.0 59.2 -27.1
Gross profit margin 11.8% 16.8%
EBITDA 36.8 60.5 -23.6
Operating result (EBIT) 4.8 28.1 -23.3
EBIT margin 1.8% 8.0%
Profit before tax -1.9 25.1 -27.0
Profit/Loss for the period -3.8 22.3 -26.1
Earnings per share (EUR) -0.15 0.97 -1.12
* Q3 09/10 Q3 08/09 Change
Revenues 101.2 117.1 -15.9
Gross profit 20.8 20.0 0.7
Gross profit margin 20.5% 17.1%
EBITDA 23.9 19.2 4.7
Operating result (EBIT) 13.5 7.5 6.0
EBIT margin 13.4% 6.4%
Profit before tax 12.7 4.8 7.9
Profit/loss for the period 9.6 3.7 5.9
Earnings per share (EUR) 0.41 0.17 0.24
31/12/2009 31/03/2009 Change
Net debt** 158.9 174.4 -15.5
Net gearing 83.9% 69.1%
* Except as otherwise specified, all amounts in EUR million; figures from
consolidated income statement excl. non-recurring items
** Financial liabilities less cash and cash equivalents and financial
assets
The results and the Excel format interim financial statements (not
including notes) for the third quarter of 2009/10 will be posted today at
8am (CET) in the investors section of www.ats.net (Investors >
Publications), where the financial report for the third quarter of 2009/10
will also be available from the end of February.
For more information contact Hans Lang, IRO
Tel: +43 (1) 68300 9259, e-mail: h.lang@ats.net
21.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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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