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03.02.2020 – 18:06

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft

EANS-Adhoc: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
AT&S adjusts outlook for the financial year 2019/20
AT&S production sites in China affected by the coronavirus

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Earnings Forecast
03.02.2020

Leoben - The spreading of the coronavirus disease is currently impacting the
production of AT&S in China. Due to this development, revenue will fall short of
expectations in the fourth quarter of the current financial year. AT&S has
therefore adjusted its revenue and earnings forecast (previously: revenue at the
prior-year level of EUR 1,028.0 million; EBITDA margin between 20% and 25%) and
expects revenue to amount to EUR 960 million, with an EBITDA margin in the range
of 18% to 20%.

Subject to staff availability, the plants in Shanghai and Chongqing II will
start production in the week of 10 February 2020 after extended New Year's
holidays. The Chongqing I plant resumed production at reduced capacity after the
New Year's celebrations as planned. AT&S currently considers the following
aspects to influence the development in the coming months: a deterioration of
the current general conditions, the provision of production materials and
personnel, processes in the supply chain and the demand situation.

AT&S currently employs roughly 7,000 people in China and produces the majority
of the Group's revenue there. The objective is to resume production as soon as
possible in order to process existing orders and contracts.




Further inquiry note:
Gerald Reischl, Director Communications & Public Relations 
Tel: +43 3842 200-4252; Mobile: +43 676 8859 2452; g.reischl@ats.net 

Gerda Königstorfer, Director Investor Relations 
Tel: +43 3842 200-5925; Mobile: +43 676 8955 5925; g.koenigstorfer@ats.net 

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
Fabriksgasse 13
8700 Leoben / Österreich 
www.ats.net 


end of announcement                         euro adhoc
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issuer:       AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
              Fabriksgasse  13
              A-8700 Leoben
phone:        03842 200-0
FAX:          
mail:      ir@ats.net
WWW:       www.ats.net
ISIN:         AT0000969985
indexes:      ATX GP, WBI, ATX, VÖNIX
stockmarkets: Wien
language:     English
 

Original content of: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, transmitted by news aktuell