-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueDon’t Just Survive, Thrive
If we are to be relevant and prosper during these next critical decades in electronics, we must do more than survive. As an industry, we can and must thrive. In this issue, our contributors explore these concepts meant to help you take your business to the next level.
Material Matters
Materials management is nuanced, multifaceted, and requires a holistic systems approach for business success. When building high mix, low volume, and high technology, managing materials and overall cost containment are even greater challenges.
Additive Manufacturing
In this month’s issue, we explore additive manufacturing technology for the PCB fabricator: where it stands today, the true benefits, and where it seems to be headed.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
AT&S Adjusts Forecast, Not Considering a Capital Increase, Will Obtain Binding Offers for the Sale of Ansan
May 14, 2024 | AT&SEstimated reading time: 1 minute
AT&S adjusts forecast for the financial year 2026/27, is currently not considering a capital increase, intends to obtain binding offers for the sale of the plant in Ansan, Korea, and proposes not to distribute a dividend for the financial year 2023/24.
Disclosure of inside information pursuant to Article 17 MAR.
Leoben – Based on the latest market forecasts, the Executive Board of AT&S today decided to adjust the forecast for the financial year 2026/27 and to intensify the cost optimization programs. The company now expects – including the contribution of the plant in Ansan, Korea – for the financial year 2026/27:
- Annual revenue of around € 3.1 billion (previously: around € 3.5 billion)
- EBITDA margin of 27‒32 % (unchanged)
- ROCE of >12 % (unchanged)
- Net debt/EBITDA of <3 (unchanged)
- Equity ratio of ~20 % (previously: >30 %)
In this still volatile market environment, the Executive Board of AT&S has decided not to carry out a capital increase for the time being. Discussions with potential investors have been terminated.
The company now intends to sell the plant in Ansan, Korea, which primarily serves the medical market. The company has therefore decided to obtain binding offers for the sale. In the 2023/24 financial year, the plant generated revenue of € 76 million and EBITDA of € 38 million. Based on existing non-binding offers and the existing high level of interest in the transaction, AT&S will now obtain binding offers. Depending on the resulting conditions, the Executive Board will make further decisions in the coming months. In this environment, the Executive Board of AT&S has decided, subject to the approval of the Supervisory Board, to propose to the 30th Annual General Meeting on July 4, 2024 that no dividend be distributed for the financial year 2023/24 (previous year: € 0.40 per share).
The annual results for the 2023/24 financial year will be published on May 14, 2024 and the annual report on June 6, 2024.
Suggested Items
Celestica Announces Q2 2024 Financial Results
07/26/2024 | CelesticaCelestica Inc., a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, announced financial results for the quarter ended June 30, 2024 (Q2 2024)†.
Amphenol Reports Record Q2 2024 Results and Announces Dividend Increase
07/26/2024 | Amphenol CorporationThe Company continues to deploy its financial strength in a variety of ways to increase shareholder value. During the quarter, the Company purchased 3.1 million shares of its common stock for $190 million and paid dividends of $132 million, resulting in total capital returned to shareholders of more than $320 million.
Looking For That Perfect Job? Check Out jobCONNECT007
07/25/2024 | I-Connect007 Editorial TeamThere are a lot of open positions in this industry today. But where do you begin to look? We have the answer: jobCONNECT007, your guide to career opportunities in the electronic industry. In jobCONNECT007, you’ll find job openings that span the entire circuit board supply chain. Whether you’re involved in design, fabrication, assembly, test, or material development or distribution, this handy resource can help you get on your way to a new gig.
Boeing Provides Digital Flight Operations Solution for Ryanair
07/25/2024 | BoeingBoeing and Ryanair, Europe's largest airline group, are elevating efficiency across Ryanair's fleet of primarily 737s with the addition of Boeing's Jeppesen FliteDeck Pro 5.0 electronic flight bag (EFB) solution.
Cicor Group Grows Significantly and Shows Robust Operational Performance in a Challenging Environment
07/24/2024 | CicorCicor Group has continued to grow significantly in the first half of 2024, advancing into the top tier of European electronics manufacturers. Net sales reached CHF 231.3 million, an increase of 16.1% compared to CHF 199.2 million for the first half of 2023.