04.08.2024, 1171 Zeichen

AT&S: Consolidated revenue at AT&S declined by 3% to € 349 million (PY: € 362 million) in the first quarter of 2024/25. EBITDA declined by 14% from € 75 million to € 65 million. The reduction in earnings is primarily attributable to the increase in price pressure. In order to counter the effects from the currently difficult market environment, such as price pressure and inflation, AT&S continued to consistently implement its comprehensive cost optimization and efficiency program. In addition to price pressure, the start-up costs in Kulim, Malaysia, and Leoben, Austria, as well as costs related to the cost optimization and efficiency program had a negative impact on earnings. The loss for the period fell from € -2 million to €-34 million. “As expected, we are still operating in a difficult market environment where forecasts keep changing. The market is recovering as projected, but the recovery is slower than anticipated. We expect the situation to stabilize towards the end of the current financial year,” says CEO Andreas Gerstenmayer.
AT&S: weekly performance: -11.27%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (01/08/2024)

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