AT&S AG : Third warning, we downgrade to Neutral vs Outperform
>Medium-term targets pushed back by one year, to 2026-27 vs 2025-26, the third profit warning of the current year - Yesterday evening, AT&S issued a warning due to the deterioration in the environment in the ABF substrates market (which represents the bulk of revenue at the group), its medium-term targets (revenue of € 3.5bn, i.e. a 2021-2026e CAGR of 22% and an EBITDA margin of 27-32%) have been pushed forward by one year, to 2026-27 vs 2025-26 previously. The pre-...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.