AT&S posts strongest sales for first nine months in its history
Jan 25, 2008
AT&S, the largest producer of printed circuit boards in Europe and India, has once again succeeded in improving on its results for the same period last year. Revenues of EUR 368.3m were 3% up on the first nine months of the previous financial year.
Operating profit (EBIT) was up 20%, to EUR 33.8m, and earnings per share (EPS) advanced 36% to EUR 1.46. "Despite the weakness of the US dollar, which had a considerable negative impact on our revenues, we were successful in raising total revenues and earnings per share to a new record high," reports Chairman of AT&S's Management Board, Harald Sommerer.
The ramp-up of the second site in Shanghai has been successfully completed, and work has begun on the commissioning of the third site. "This additional capacity provides AT&S with a basis for considerable growth over the coming years," explains AT&S's Chief Financial Officer Steen Hansen.
Based on its excellent performance over the first three quarters and the success of its hedging activities, AT&S continues to be optimistic about the outlook for the Group's net income and EPS for the whole of the financial year, and reaffirms guidance for the latter of EUR 1.60-1.70.