AT&S AG : Slower-than-expected recovery but FY 2024-25 outlook reiterated
>Q1 2024-25 results < expectations on sales, > on EBITDA and in line for net profit - This morning, AT&S reported Q1 2024-25 results which were below expectations on sales, above on EBITDA and in line for net profit. Sales were € 349m, 5% below the company consensus of € 367m. Sales were down 3% y-o-y and up 1% q-o-q. This decline was primarily driven by strong price pressure both for PCB and IC substrates. Adjusted EBITDA was € 97m, i.e. a margin of 27.8%, well above...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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