EQS-Adhoc: AT&S Austria Technologie & Systemtechnik AG: AT&S revises outlook for the current financial year 2022/23

AT&S revises outlook for the current financial year 2022/23

Public disclosure of inside information according to article 17 MAR

Leoben – AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has adjusted its expectations for the current fiscal year 2022/23 due to weak demand, especially in the market for IC substrates.

AT&S expects to generate annual revenues of around € 1.8 billion in financial year 2022/23 (previously: around € 2.1 billion). The EBITDA margin adjusted for start-up costs will be around 25% (previously: 27 to 30%). The level of start-up costs is expected to be reduced to around € 50 million (previously: € 75 million).

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions
AT&S is a globally leading manufacturer of high-end printed circuit boards and IC substrates. AT&S industrialises leading-edge technologies for its core business segments Mobile Devices & Substrates, Automotive, Industrial and Medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). A new high-end production site for IC substrates is currently being established in Kulim, Malaysia. The company employs roughly 15,000 people. For further information please visit www.ats.net

Press contact:

Gerald Reischl, Vice President Corporate Communications

Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; g.reischl@ats.net

Investor Relations contact:

Philipp Gebhardt, Senior Director Investor Relations

Tel: +43 3842 200 2274; Mobile: +43 664 7800 2274; p.gebhardt@ats.net

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft

Fabriksgasse 13
8700 Leoben / Austria
www.ats.net

1549117  01-Feb-2023 CET/CEST