AT&S increases sales and earnings forecast
Sep 11, 2006
AT&S Austria Technologie und Systemtechnik AG increases its sales guidance for the running fiscal year from EUR 470 million to EUR 490 million.
Earnings per share will reach from today's point of view EUR 1.75 instead of EUR 1.15.
This increased expectation is the result of several factors:
-- The ramp-up of the second plant in Shanghai is faster than expected and
the yield is higher than anticipated.
-- An almost optimal product mix resulted in an increased loading of the
plants. This situation should continue within the next months.
-- The performance of the Indian plant has been improved earlier than
foreseen and should contribute positively to the earnings of the
-- The positive forecast after Q1 of the new businesses Trading and DCC has
once again been increased.
For the next financial year (2007/08) AT&S anticipates sales of EUR 570 million compared to the former guidance of EUR 550 million. This forecast is based on the additional capacities that AT&S will ramp up and on expected price developments. Due to strong influence of the product mix on the earnings development, it is not possible to give a precise guidance on the bottom line figures for 2007/08. However, a continued strong earnings growth has to be expected given the additional capacities in Asia and the technological trends which increase AT&S's competitiveness.
AT&S will present its half-year figures on October 24.