
AT&S Austria Technologie & Systemtechnik AG: AT&S Already Positions Itself For The Financial Year 2026/27
EQS-News: AT&S Austria Technologie & Systemtechnik AG / Key word(s): Miscellaneous
AT&S already positions itself for the financial year 2026/27
1.8 billion in 2022/23e to € 3.5 billion in 2026/27e Ready for challenging market environment Leoben – Given the current market environment, AT&S has adapted its pace of growth to the market conditions and postponed its medium-term goals by a year to the 2026/27 financial year.“While the current weakness of the market in the area of IC substrates affects the speed of our growth, it does not change anything about the long-term perspective of our markets and our positioning,” says CEO Andreas Gerstenmayer.“On the contrary, we will use this challenging time to emerge stronger and continue to drive our strategy with a broader customer portfolio,” Gerstenmayer comments on the company's perspective.“Initially, this will, however, require consequent adjustments to our cost structures,” he concedes. Customer diversification successfully initiated As part of its diversification strategy, AT&S has already succeeded in winning additional IC substrate customers. Therefore, the R&D centre in Leoben, which is currently under construction, will be expanded to include real series production, supported by financing contributions of the new customers. These customers operate in the computing/data processing business and have a high need for IC substrates; they use these to offer energy-efficient processors, among other things. In addition to the diversification in the area of IC substrates, the company also won major new customers in the PCB business and significantly increased profitability. This shows that a broad, high-quality portfolio pays off. Revenue growth of € The outlook for 2025/26, which AT&S presented in November 2021, was based on a completely different market environment with high growth forecast for IC substrates. The Ukraine conflict and its impact on the energy market, growing tensions between the USA and China as well as the general economic slowdown, coupled with rising inflation, have had a significant negative effect on market conditions after the end of the COVID pandemic. The extreme increase in PC and notebook sales as a result of mandatory remote working during the pandemic led to a saturation in this segment and consequently market weakness coupled with high inventories. As a result of the changes in the market and the reduced growth momentum, AT&S had to adapt its projects and projections. The medium-term goals were consequently postponed by a year. AT&S expects to generate revenue of approximately € Ready for a challenging market environment In the markets for IC substrates, demand for notebooks is expected to be lower in 2023 than in 2022. The negative impact on the supplier chain is further intensified by high inventories. According to current forecasts, this will affect the first half of 2023 in particular; towards the end of the year, demand is expected to recover. The demand for IC substrates for servers will benefit from the technology shift towards heterogeneous integration[1] . In order to mitigate the resulting effects, such as pressure on prices and inflation, AT&S has initiated comprehensive cost optimisation programmes . These programmes focus on expanding the scope for the ongoing improvement measures and on accelerating their implementation. AT&S had already announced sustainable cost optimisations in February, predominantly based on measures to increase productivity and material use as well optimisations in purchasing. Against the backdrop of growing market challenges, AT&S has intensified these programmes. Compared to the financial year 2022/23 cost savings totalling € In addition, the investment programmes will be analysed depending to the respective expected demand and adapted to the respective market situation. In the 2022/23 financial year AT&S invested CAPEX of approximately € AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions Press contact: Gerald Reischl, Vice President Corporate Communications Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; Investor Relations contact: Philipp Gebhardt, Senior Director Investor Relations Tel: +43 3842 200 2274; Mobile: +43 664 7800 2274; AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Fabriksgasse 13 [1] Heterogeneous integration means that the different functionalities of a single microchip are split up into chiplets, which reduces costs and increases performance. However, this requires significantly larger and more complex IC substrates to ensure the connection between the individual chiplets 16.03.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
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