AT&S Adjusts Financial Outlook for 2024/25

AT&S Austria Technologie & Systemtechnik AG has updated its financial forecast for the 2024/25 fiscal year. The company anticipates ongoing price pressure and fluctuating order patterns from a major client. Additionally, it expects continued weakness in European automotive and industrial markets. The new plants' high-volume production will begin later than planned, impacting revenue predictions as initial costs will be marked as start-up expenditures.

AT&S now projects annual revenues of €1.5 to €1.6 billion, down from previous estimates. The adjusted EBITDA margin is forecasted at 24-26%, factoring in new site costs and a cost optimization program of up to €110 million. The company will provide further details with its half-year financial results on October 31, 2024.