AT&S AG : Q4 2023-24 results and FY 2024-25 outlook well below expectations, indicating a slower-than-expected recovery
>Q4 2023-24 results well below expectations - This morning, AT&S reported its Q4 2023-24 results which were well below expectations. In Q4 2023-24, sales came in at € 345m below the consensus at € 372m. They were up 14% y-o-y and down 12% q-o-q. The markets for mobile devices and industrial applications softened significantly. While notebooks and PCs saw a slight recovery, the market for servers slowed further. Adjusted EBITDA was € 63m, i.e. a margin of 18.2%, well b...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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