AT&S AG : Better-than-expected Q2 sales but disappointing profitability, FY 2024-25 outlook reiterated
>Q2 2024-25 results below expectations - AT&S this morning reported its Q2 2024-25 results which beat expectations on sales/adjusted EBITDA but fell short on net profit and operating CF. Sales were € 451m, above the company-compiled consensus at € 423m. They were flat y-o-y and up 29% q-o-q. Adjusted EBITDA was € 127m, i.e. a margin of 28.1%, above the consensus at € 106m and 25%. Net profit was -€ 29m, below the consensus at -€ 10m, due notably to high start-up cos...AT&S Austria Technologie und Systemtechnik is engaged in the production of printed circuit boards. Co. has three core printed circuit board businesses: Mobile Devices, Automotive and Industrial. Co.'s product assortment ranges from single and double-sided printed circuit boards to multilayer, flexible and rigid, insulated metallic substrate, nucleus, to laser drilled circuit boards. Co.'s products are used as electromechanical linking elements, mainly in the telecommunication sector, automobile industry and medical technology applications, defense and aerospace.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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